Word: broking
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Dates: during 1940-1949
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...kinds of small goods and services. Restaurant prices were developing a habit of rising as much as 10? to 50? overnight. Some radio repairmen were charging more to peer into a receiving set than a physician asked for a sick call. It even cost more to go broke-the fee for filing bankruptcy papers in U.S. district courts went up from...
Pudgy Henry Kaiser, by his own testimony before the committee, had bustled into Washington with a hatful of ideas. One of them paid off. It was a fleet of baby flattops to extend U.S. air power across the Atlantic. As much as anything, his carriers broke the back of the U-boat campaign. Another Kaiser scheme was a fleet of 500 enormous cargo planes to broad-jump over the subs...
When World War II broke out, the Queen Mary was outward bound from Southampton carrying a record number of 2,332 passengers. The giant ship proceeded at full speed on a route far north of her usual run, arrived in New York harbor the day after Britain declared war (Sept. 3, 1939). She was reported to have brought a cargo of gold worth $44,000,000. For six months she was berthed near her rival, the French liner Normandie. Dock rent cost Cunard...
Said Francis I. du Pont & Co.'s Thomas W. Phelps, a leading exponent of the Dow theory: "The stage is set; if the industrials and rails now can advance above their February highs, the bull market will be signaled." On July 11, the industrials broke through the February high, but the rails failed to follow...
Last week, after a slight sag, the industrials broke through again, rising to a new 1947 high of 186.85. Once more, the rails failed to follow the breakthrough. To the strict Dow theorists, it was still a bear market, though some were trying to weasel through a semantic loophole: the so-called bear market might be only a large scale reaction in the wartime bull market...