Word: gaining
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Dates: during 1930-1939
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Next day the surge continued, with Allied Chemical leading the way with a $9 gain. On volume of 1,457,000 shares, the industrial averages went through the previous rally peak of 121 to 121.34. To Dow Theorists, of whom there are an immense number (TIME, June 20), this was enormously significant-if the rail averages confirmed the industrials by breaking through their previous high of 23.5, it meant a decisive change of trend. Two days later, rails, highballing after industrials, went to 24.9. To Robert Rhea, leading exponent of the Dew Theory, this was "more bullish than anything seen...
Many young graduates have the old Yankee idea that they belong where the opportunity for material gain is greatest and easiest. Told to go forward, but not where, graduates of the past fifty years seemed to have evolved the tradition of money-grubbing by seeking positions which would pay the highest salaries merely because they did pay them. During the industrialization of the last century most millionaires made their wealth without social regard and only thought of society post facto--sometimes to ease their conscience. The desire for security--which involves comfort, leisure, marriage--is intelligent, but the ambition...
Castellon added to the territory, the Rightist corridor from Teruel to the Mediterranean will be almost doubled in width from 35 to 60 miles (see map). Even more important than a gain of square miles was actual possession of Castellon's harbor, into which munitions and food could be brought by Rightist ships to Rightist troops, at present forced to bring supplies hundreds of miles overland. Next Rightist goal will be Valencia, 40 miles to the south, for more than a year the capital of Leftist Spain, third largest city of the country. Advance down this rugged coast line...
...Public Accountant O. M. Williams certifies as follows: "I have audited the accounts of Robert Rhea and those of a corporation and two trusts operated by him and for his benefit. . . . My findings were that on total transactions [over nearly a ten-year period] involving 601,612 shares, a gain of $436.19 was realized for each $100.00 of loss." Aside from trading, his 5,565 clients at a yearly fee of $40 a head provide a neat income...
...capital gain the tax would, as the President said, be 15%. In the case of the $5,000 stock profit made by the President or the Arthursdale homesteaders who were married, if they had no other income that year they would pay no tax at all. If they had $5,000 salary plus $5,000 stock profit, their tax would be $80 (normal) plus $140 (capital gain)-or less than 3% on their profit. If the salary were $10,000, the tax on the $5,000 profit would be less than 5%. Not unless their capital gain brought their total...