Word: firming
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Dates: during 1930-1939
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...Fort Myer, Va., the Army's Third Cavalry Regiment last week lost its bugler. Plumpish, firm-lipped Staff Sergeant Frank Witchey, 46 (The Army reckons him 48 because he lied about his age when he enlisted 30 years ago), doffed his uniform, retired. With his retirement, history turned a page. He sounded taps for the Unknown Soldier, for many an -Army brass hat, for Woodrow Wilson, William Jennings Bryan, Leonard Wood, William Howard Taft...
...vats, there is widespread conviction that unionists who first perfected the U. S. sit-down technique cannot get much without fighting for it. On the heights of West Akron, where rubber executives live amid a stench diminished but not conquered by distance and altitude, there is an equally firm conviction that the flatland hordes will some day swarm up the hills, looting and shooting as they come. Last week Akron had a taste of trouble...
...dividend checks to only three stockholders-Henry Ford, his son Edsel and Edsel's wife, Eleanor. Because it has no other stockholders to coddle, the company does not publish an income statement and the public cannot know exactly what Ford's earnings are. Only clue to the firm's profits & losses is the balance sheet it is required to file each year in Massachusetts. Last week the report for 1937 was filed and the public's annual guessing game got under way. Majority guess: Although Ford produced 1,314,369 cars & trucks (10% more than...
Died. Edward Townsend Stotesbury, 89, head of the Philadelphia firm of Drexel & Co. and partner of J. P. Morgan & Co.; of a heart attack; in Whitemarsh Hall, Chestnut Hill, Pa. Financier Stotesbury, after serving as a drummer boy in the Civil War, went to work for the elder Drexel at a salary of $16.60 a month. Lowest estimate of his fortune at death...
...Exchange found that on March 31 the 452 member firms handling margin accounts in the metropolitan area were custodians of free cash balances of $245,562,000 belonging to customers. After sampling 60 presumably representative firms with aggregate free customers' balances of $51,349,000, Exchange accountants last week confirmed Mr. Simmons' assertion. The Exchange discovered a general disregard of a joint opinion of seven law firms representing the largest brokerage firms on the Exchange. This opinion, written in 1934 as an aftermath of the Banking Act of 1933 which divorced deposit banking from underwriting and brokerage, held...