Word: boomingly
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Dates: during 1930-1939
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...Civil War was fought at Palmetto Ranch near Brownsville when a wandering detachment of Confederates overcame 800 Union troops more than a month after Appomattox, the State was almost unscratched by the fighting. After throwing off its extravagant Reconstruction Government in 1874, big, resourceful Texas began to boom...
...Paso (pop. 103.000), biggest border town, is crowded with Mexicans, tourists, consumptives. Small Laredo has begun to rival it for Mexican trade, is counting on a boom as U. S. starting point of the new Pan-American Highway. Brownsville, once headquarters for Confederate blockade runners, is now a market town for the Lower Rio Grande's fruits & vegetables. Once a smuggling port known as "Colonel Kinney's Ranch and Trading Post," Corpus Christi ships cotton, with shrimp and oysters as sidelines. Port Aransas is the world's greatest crude oil shipping port and a famed fishing resort...
...public was kept away as the royal family went over the ship from stem to stern, lunched together in private. Irrepressible Princess Elizabeth loudly demanded to be shown the children's nursery, screamed with excitement when she was allowed to push a button that sent the hoarse boom of the Queen Mary's whistle echoing across Southampton Water...
...20th Century. The experts were dead wrong. Interest rates rose and bond prices fell almost without interruption until the post-War depression. Through most of the 1920's bonds climbed steadily, then started to fall again when money tightened during the last purple days of the stockmarket boom. The present rise dates from 1932, bonds as usual leading actual industrial recovery by a wide margin...
Institutions which buy bonds with the idea of holding them to maturity would not suffer from lower prices. The suckers would be those who bought at high levels and who decided to sell during a national boom, when interest rates are generally high, bond prices low. Investment bankers are thinking about that type of investor already. Fortnight ago in Manhattan, Kuhn, Loeb & Co.'s Hugh Knowlton wound up a speech to the Financial Advertisers with a highly logical argument for future use. This smart, sharp-nosed young banker, who was trained in the law and got into finance...