Word: exchangees
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Dates: during 1950-1959
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Cash Needed. But IMF does need cash. In boom, recession or crisis, the trend is toward increasing demand. Since Suez the fund has passed out in hard money loans some $2.7 billion, or two-thirds of all its outlay since the IMF was organized. Moreover, quotas have become unrealistic. Booming...
Wall Street's investors have virtually ignored the traditional inflation hedges-oils and metals (see chart), whose assets are in the ground and whose profits can be expected to keep pace with inflation. Instead, they are bidding for manufacturing firms, whose costs in a serious inflation will probably rise...
The first market corner in several decades occurred on Wall Street and caught short sellers in a classic trap-without stock to deliver unless they paid fantastic prices. The corner was nothing like those when Morgan and Harriman battled for the Northern Pacific, gobbling up so much stock that shorts...
What the shorts got caught in was a war for control, which saw almost all the company's stock taken out of circulation. Originally, the shorts had sold at a price of about $42, expecting the stock to decline because book value and earnings indicated a price closer to...
Failing to win election (by 394,000 shares) at the May annual meeting, Phillips tried, by a series of serious charges, to bar the Pennsy's directors from taking their seats. He accused the Pennsy of violating Securities and Exchange Commission and state regulations by refusing to deliver stockholder...