Word: buying
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Dates: during 1930-1939
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...Jews of Zion, convening last week at Geneva, Switzerland, received from their U. S. brethren $250,000 more to buy land in Palestine. But before week's end, the wings of war hovered dark over that land...
...some 50 transatlantic vessels still operating on schedule almost all were booked solid through September, their ballrooms, corridors, bars crammed with cots for which passengers eagerly paid cabin fare. In London one badly scared girl offered to buy her own bedding if a ship would sell her space anywhere aboard. Cluett, Peabody & Co.'s President Chesley Robert Palmer & family, who had crossed in a de luxe suite on Holland-America liner Nieuw Amsterdam, on the homeward passage shared three deck mattresses. To get ailing Steelmaster Charles M. Schwab, his nurse, valet and physician accommodations, Ambassador Joseph Kennedy...
...Europe goes to war, U. S. industry, especially heavy industry, expected to be able to live briefly on exports, to sell its No. 1 customer, the United Kingdom, as much war material as her $3,499,000,000 gold reserve will buy (her 1938 purchases in the U. S.: $521,124,000). It expected to have another customer in France, with a $2,776,000,000 gold chest (1938 purchases in the U. S.: $133,835,000). If atop all this, the U. S. also goes to war, the U. S. economy would face a first-class war boom...
...That first group raised $11,000 and within a few months more Rector Colony, their president, had wangled a $15,000 RFC loan. A small vacant mill was bought, 13 ancient knitting machines were put in shape and Colony Hosiery went into production. At first, without working capital to buy silk, Colony Hosiery took orders only on commission. After eight months in business it now buys its own silk, has advance orders for two years (mostly gathered by President Colony in frequent trips to Manhattan), is working two shifts a day and is paying back its RFC loan...
Most investment trusts buy securities that they expect to pay dividends and increase in price, and then wait for their hopes to come true. Manhattan's Phoenix Securities Corp., run by a group of hard-headed businessmen (its chairman, bald Wallace Groves, is under indictment in a mail fraud case not connected with Phoenix), favors another technique. It often looks up an anemic corporation, gives it a financial blood transfusion and an infusion of hardheaded management and takes its fee in the form of options on shares that prove valuable if the treatment is a success...