Word: crashing
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Dates: during 1920-1929
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...while a trading session was still in progress. They did recall, however, that in 1907, with call money at 125%. Secretary of the Treasury Cortelyou conferred with J. P. Morgan, put $25,000,000 of Government funds into Manhattan banks, halted the Panic. They remembered too the Northern Pacific crash of 1901. when, after Northern Pacific stock had gone overnight from $150 to $1,000 a share, the House of Morgan, representing the late great James J. Hill and the House of Kuhn, Loeb, representing the late great Edward H. Harriman, compromised at $150 a share, saved from ruin many...
...arrived in Manhattan on the wings of panic. He took his first Manhattan job (with Trust Co. of America) just in time to cope with the Panic of 1907. He arrived home from Europe last week, just in time to utter bullish reassurances on the eve of the crash...
...futures may spell eventually the loss of millions to coffee hoarding speculators, overloaded and waiting for a rise. Brazil, world's greatest coffee producer, is also the nation of most colossal coffee hoarding. Last week Vice President Benjamin B. Peabody of the New York Exchange unhesitatingly attributed the crash in coffee futures to "disquieting rumors regarding the situation in Brazil...
Already the doubtful nature of this hoarded asset has caused a decline in the Brazilian currency-the milreis. Sooner or later the Government must unload. Recent crops have been bumper. Most observers believe that the Government cannot hold out, faces an eventual catastrophic coffee crash. Shrewdest coffeemen do not know when the crash will come, but last week's howling and hopping seemed of ominous significance...
Claude Farrere, racy French novelist (Les Civiliises), bowling along in an automobile with his friend, Author Pierre Benoit (Les Suppliantes), was injured in a crash near Toulouse, France...