Word: firming
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Dates: during 1930-1939
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...into the pulpwood business in Canada so that his press (25 newspapers, 12 magazines), which uses more newsprint than any other man's press, might be assured forever of low prices. It was the year that he hired Publisher George Henry Doran away from his own book firm to run the Hearst-Cosmopolitan Book Corp. But eclipsing all these milestones was that French business. Nothing like it had come to Mr. Hearst since the golden years when he was precipitating the Spanish-American war, getting the Panama Canal fortified, startling the nation with the Yellow Peril...
...Washington, D. C., engaged the first private wire from the Capitol to Manhattan. On July 2, 1881, this wire was used to flash word of President James A. Garfield's assassination, giving Prince & Whitely clients an advantageous time margin in the market shock which followed. At that time the firm was three years old. Since then it has survived many a severe depression including at least six actual stockmarket panics. Last week it failed. Almost coincidentally a "New Economic Theory" seemed to sweep the emotions of volatile stock-traders. Though few Wall streeters have ever read Oswald Spengler...
...actual news merely substantiated one of many persistent rumors which flooded W:all Street. Where originated all these wild tales, no man could tell. But no man could stop them. Cool brokers fought to quell them, only to catch the disease themselves. Denial seemed to lend authority. Some firms sent memorandums to all employes, warning them that to discuss another firm's financial position, even among themselves, was a breach that could not be tolerated. But as stocks kept falling, the stories flew faster. Weakness in certain issues, notably Fox, corresponded with rumors concerning houses sponsoring them. Cause and Effect...
...only the U. S. markets felt the repercussions of the failure of this 52-year-old firm with membership on the Exchange, Curb, Chicago Exchange and Curb, and the Cleveland Exchange, with seven branch offices, with about 9,000 customers and collateral loans estimated at $35,000,000. News of the failure shocked London, where Prince & Whitely did a large arbitrage business, was said to be interested in International Nickel and Brazilian Traction. This, added to the failure of two small London houses, sent prices reeling in that market. It was likewise a blow to Paris. Said La Liberté: "This...
Oldest and largest of houses specializing in government bonds is C. F. Childs & Co. which in 1927 did a business larger than the total bond turnover on the Stock Exchange. Last week developments involving this firm gave rise to the saying that Mr. Childs is the first man to have sold his own name short with profit...