Word: gold
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Dates: during 1920-1929
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...aviation industry's first stockjobbing scandal broke open last week. Whenever public imagination fixes on an industry, as on Oil a decade ago and Gold before that, crooks easily sell stock of little or no value to everready gulls...
...touch of Midas turned things to gold. In the legends of finance the name of J. P. Morgan is supposed to have the same effect. All sorts of stocks are sometimes labelled Morgan stocks, yet no one save the uncommunicative partners at 23 Wall St. really knows exactly what companies have Morgan connections, or how much stock interest, if any, J. P. Morgan Co. holds in them. Speculators eager to know how much the name of Morgan is like the touch of Midas, have spent much time calculating what profit Morgan stocks have shown...
...Bank of England, in his quiet sanctum, Montagu Collet Norman sat one morning last week, and probably he stroked in anxious meditation his courtly Vandyke beard. Invisibly the battle of gold was on. It was a question whether to call out the ordinary reserves?whether to raise the rediscount rate of the Bank of England...
...10¢ Gold Mines...
Vanitie v. Resolute. Outboards, dinghies, canoes and purring launches teemed among a great flock of sleek sailing ships in Morris Cove, Conn. (New Haven) as the New York Yacht Club fleet made ready for the gold-star event of U. S. yachting. Early one morning, a tall, slightly stooped man stepped to the bridge of his big white steam yacht Nourmahal and gave a signal. A gun boomed. Moorings were slipped and out sailed the fleet in the wake of Commodore William Vincent Astor. Among many another power craft that churned along with the fleet was John Pierpont Morgan...