Word: firming
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Dates: during 1930-1939
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...applause subsided, he took a firm grip on the sides of the lectern and began: "For the first time in our national history a President delivers his annual message to a new Congress within a fortnight of the expiration of his term of office. While there is no change in the Presidency this year, change will occur in future years...
...Deal Governor Frank Murphy and the Department of Labor's crack Conciliator James F. Dewey shuttled back & forth between G. M. and U. A. W. headquarters, trying vainly to bring Generals Knudsen and Martin together at a conference table. Each side conceded one point at issue, stood firm on another. General Martin offered to lay aside, until a conference should begin, his demand that U. A. W. be recognized as sole bargaining agency for G. M. workers. General Knudsen backed down on his earlier insistence that all G. M. bargaining must be by individual plants, offered to treat with...
...courts. A crackdown from SEC begins with published charges based on what SEC "has reason to believe and does believe." Invariably the crackdown makes headlines, while the routine denial of the unhappy crack-downee is buried at the bottom of the column. Particularly irritated by this procedure because the firm was just getting on its feet after a severe Depression deflation was Otis & Co. Cyrus ("The Great") Eaton's Cleveland banking house which was charged last spring with market rigging (TIME, April 13). Last week, in one of the first court decisions in an SEC stock manipulation case, Otis...
...beginning Otis bought from a few big holders some 5,000 shares of Murray Ohio Manufacturing Co., distributed the stock to customers as a likely investment. While the firm was selling the stock the market price went up. It stayed up, and last week was selling for about twice as much as the customer paid for it. SEC held that the stock had been manipulated with the idea of attracting buyers. Said Federal Judge Samuel H. West in Cleveland last week: "Many things have been done and are done by dealers desiring to influence others to purchase stock through manipulated...
Also made a Lehman partner last week was Joseph A. Thomas, 30, a smart Yale graduate (Class of 1928) who has been with the firm since...