Word: interests
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Dates: during 1930-1939
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Last week if shorts did not lose their shirts, some of them lost their neckties. At the end of April the short interest amounted to 662,000 shares, a 48% increase in four months. In Chrysler stock (the No. i flier) the short interest had increased 176% to 65,000 shares. Shorts had gauged all too well that business was receding. Overenthusiastic pessimists who had had trouble finding buyers, suddenly found too many buyers. When professional buying began, the shorts ran to cover, joined the buying parade. Result: in two days the Dow Jones Industrial average rose 3.76 points...
...three lucky ideas: 1) Creation of a Public Works Finance Corp. to finance self-liquidating Federal, State, municipal public works "at any rate of interest . . . necessary to get the business done." 2) To insure loans to small business, FHA style, "to put the small man who cannot finance internally on a par with large corporations." 3) To appoint a special subcommittee, reporting to Congress, on the feasibility of organizing capital credit banks to make capital available alike to government (Federal & local) and to private enterprise. "No panacea," Berle pontificated, "with these three bills we should have the elements...
...restless and tireless as Vincent ("Ben") Bendix. Mercurial but cold-eyed, many-sided in interest but direct in purpose, convivial but shrewd, he burst into the automotive industry nearly 30 years ago with the first practical self-starter. Today few U. S. automobiles drive the roads, few airplanes fly the skies, that do not have his gadgets in them: Bendix starters, radios, brakes, Stromberg as well as Zenith carburetors, Scintilla magnetos...
Sargent claimed the large number of Prep school tutees was due largely to personal wealth. "A great many have no interest in getting a college education but go through the four years just to please their parents, who regard college in the same light as a finishing school," he says...
Formerly a tutor under "Widow" Nolan, Sargent expressed interest in the CRIMSON'S camgaign, offering a four-point program for the University. Lecture notes should be changed every ten years, a modern type of examination should be given, examinations should be set and graded by someone other than the professor in charge of the course, and short reviews should be given prior to examinations...