Word: got
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Dates: during 1930-1939
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Alternately the market went to pieces on headlines about 1) peace, and 2) Congressional embargoes remaining in force; went through the roof on headlines about i) long war, and 2) Congressional repeal of the arms embargo. But the net result of all this switching back & forth between war & peace got the market nowhere. One favorite pastime was restless switching from one fancied war baby to another: Wall Street Journal's, Broad Street Gossip Column noted that Sept. 26 one broker got 60% of his commissions from switches, that one customer had switched 15 times in the last two weeks...
...wheat, which boomed to 92? first week of September, ended the month at 87? (1918 high: $2.25). Reason: for the week ended Sept. 23, U. S. grain exports totaled 366,000 bushels against 2,779,000 bushels in the same week of 1938. One commodity which had previously got somewhere for some specs was sugar. But this exploded too when Secretary of Agriculture Wallace took the lid off all marketing restrictions...
...years small-town bankers have badgered their big-city brothers for more rural A. B. A. presidents. This year they got their candy. Wachovia is a small-town bank. But no hayseed is Wachovia's able President Hanes. As much at home in Wall Street as in Winston-Salem, he is a big-city banker in a small town...
...Wachovia Bank & Trust Co. (largest bank between Washington and Atlanta; deposits: $91,000,000). Fond of quail shooting, lively parties, buzzing about, he has sat in both General Assembly and Senate of his State Legislature. For years he rode a motorcycle to the bank every day. Once it got away from him, ripped through his wife's pet flower bed. Evaded he: "Mildred, some damn fool has torn up your flower bed." Said she: "I know who the damn fool...
...plants back to work-plants not used since World War I. Thus, American Ship and Commerce, an unappetizing Harriman affair, owes the U. S. Government $1,097,413.22 from World War I, and owes Philadelphia $1,229,608 in back taxes. It offered to settle for $100,000 apiece, got Attorney General Frank Murphy to agree provided it can become a going concern again, started reorganizing to open its moldy Cramp's yard in Philadelphia. On the west coast, where last spring the U. S. Navy had tried unsuccessfully to buy Bethlehem Steel's Hunters Point Drydock...