Word: boomingly
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Dates: during 1930-1939
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...Washington, became secretary to Charles A. Sulzer, Alaska's delegate in Congress. During the War he served in the finance division of the Army, later married a blonde girl named Gudrun Andersen, daughter of a Yukon prospector. They moved to Breckenridge, Tex., the heart of a contemporary oil boom. The night they arrived there was a little shooting and three corpses were laid out on a billiard table in one of the town's play parlors. Emil Hurja started the Breckenridge American. All his life he had been familiar with mining in Michigan, Montana and Alaska. Oil drilling...
...inflation. Inflation, when it comes, will start with the Congress of 1937. In fact, the situation now is such as to justify the sale of stocks rather than their purchase. Every indication points to a much lower market this summer. Business improvement has not carried through." Predicting an unprecedented boom from 1937 to 1939, then a terrific crash, followed by prolonged depression, he advised Republicans that it "would be very unwise to try for office during the next eight years, because if they should be in power from 1940 to 1944, they will ever after be known as the Depression...
Until the collapse of the Florida boom, this will had only academic interest for the public. All of Florida East Coast's stock was held by the Flagler estate, the only publicly-owned securities being equipment trust certificates and a small first mortgage bond issue. But in order to handle boom traffic, the road had to embark upon a development program which included double-tracking the main line from Jacksonville to Miami. Consequently $45,000,000 of bonds were marketed through J. P. Morgan & Co. Peak year for the 812-mile "Flagler System" was 1926, when gross revenues were...
Aside from the obvious aspects of a stock boom, inflation cheapens the currency and raises the cost of living. Rocketing prices will swiftly impoverish any organization depending on bonds and mortgages, yielding as they do a fixed interest. Income will no longer command the goods and services needed to continue operations...
...Reserve Board was given the power to regulate margin requirements. Fortnight ago, sensing the growing speculative fever, Chairman Eccles upped maximum margin requirements from 45% to 55% (TIME, Feb. 3). Some bankers believe that even if the Board shut down, as it can. on all market credit, a fancy boom could occur on a cash basis. Their point is that while credit may be shut off at one spigot it might still flow at another, spill into the market since as soon as it is disbursed by check one man's credit becomes another man's cash...