Word: evener
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Dates: during 1920-1929
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...cent breakfast of coffee and rolls, and quietly slipped one into my pocket for lunch. I remembered the summer underwear and low shoes that I wore during that cold winter of 1907 ... the past when the Kraft Company was small and everybody called everybody else by his first name-even the stenographers...
...however true were these predictions, there have happened since 1925 events that even visionary President Kraft could not have foreseen. In 1928 Kraft Cheese Co. acquired Phenix Cheese Corp., changed its name to Kraft-Phenix Cheese Co., became dominant in the U. S. More companies have been added constantly. Late this summer it became known that control of Kraft-Phenix had passed to Selected Industries, Inc., and affiliated investment groups. But bigger than any of these developments was an announcement last week that Kraft-Phenix would be a unit in a new food company sponsored by the National City Bank...
...many months so many people had saved money and borrowed money and borrowed on their borrowings to possess themselves of the little pieces of paper by virtue of which they became partners in U. S. Industry. Now they were trying to get rid of them even more frantically than they had tried to get them. Stocks bought without reference to their earnings were being sold without reference to their dividends. At around noon there came the no-bid menace. Even in a panic-market, someone must buy the "dumped" shares, but stocks were dropping from 2 to 10 points between...
...Tuesday morning the suspicion that there might be a panic had turned to the apprehension that there was a panic. With the market failing to show even the usual closing rally, it appeared that Messrs. Lamont, Mitchell and their associates had been content to witness a liquidation that might technically be termed orderly but was certainly extremely depressing...
...entire sweep of U. S. prosperity was sold at $3 per share. Dozens of stocks of huge companies sold for less than half of what somebody had once said they were worth. So nonsensical did all this seem that some brokers refused to sell out their customers even when technically they might have. But the awful expected began to happen when one brokerage house, John J. Bell & Co., was suspended. What failures loomed, none could say. Would the nightmare, to many tragically cruel, never end? As shades of Tuesday evening fell, it seemed again that the worst was past...