Word: greatly
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Dates: during 1920-1929
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...their stock; equally obvious was National City's reluctance to buy up the entire Cora Exchange capitalization at a point far above its market value. Therefore National City stockholders refused to ratify the merger, and plop!?back went National City to a size well below London's great Midland Bank. This unfortunate development was followed by many wild rumors, so widespread as to call forth from Mr. Mitchell a denial that he contemplated resignation or that his directors were at odds with him. Rumors had been based partly on the suspicion of a difference of opinion concerning the calling...
October 23. Why then, did a Market which had broken on Oct. 23 demonstrate with a continued crash on Oct. 24 that the end of the Great Bull Market had really arrived? Professor Fisher may stand a discredited prophet, yet apt appeared his analogy between the break on the market and a run on a bank. The Bank was U. S. Industry. Assets of the bank were the real assets of U. S. Industry. Stocks were the paper money which the bank had issued. Now all banks, even the Federal Reserve System, issue more money in paper than they have...
...there was no profit. But suppose an ultra-conservative concern, by scaling its assets to minimum and carrying the liabilities at maximum, shows $1 per share profit when someone else thinks they might presumably have shown $2 per share profit; then the incentive to imagination and hence speculation is great and obvious...
...That the constructive wizardry of Herbert Hoover ("great engineering works") might soon be exhibited to a waiting and ready people...
...controlling interest in the road. The loss of this key road is a setback to the Van Sweringen merger plans, which does not displease the Brothers Taplin, arch-enemies of the Brothers Van Sweringen. The sale also means that the Taplins have given up their aspirations for a Great Lakes-Atlantic seaboard system. Two days later the Brothers Van Sweringen gathered in a desirable pawn themselves, the Wheeling and Lake Erie. The I. C. C. authorized the Nickel Plate to issue $20,000,000 in promissory notes and to buy control of the Wheeling with the proceeds. This victory...