Word: investors
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Dates: during 1930-1939
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Back in 1933, in common with many another investor, a group of ultraconservative young men in Boston's Back Bay began to worry about possible inflation and how it would affect bond and stock values. After two years of quiet study, they decided that the only satisfactory hedge against inflation is commodities. Accordingly, in February 1935 they set up what they believe to be the first commodity investment trust in the world, called it Commodity Corp. Last week, after two years of "laboratory testing" in Boston, Commodity Corp. moved to Wall Street with assets of nearly half a million...
...cocoa, copper, corn, cotton, hides, oats, rubber, sugar, wheat, wool and pepper. In the warehouse it held cocoa (179,482 lb.), lead (659,836 lb.), pepper (785,600 lb.), rubber (67,036 lb.), sugar (1,344,000 lb.), wool (51,751 lb.) and zinc (120,046 lb.). An investor who held 2% of Commodity Corp.'s outstanding shares on December 31 thus owned 2% less costs of each of these tangible properties, could sell out at liquidating value whenever he desired. If such a stockholder can find no buyer on the open market, Commodity Corp. is committed to buying...
When a person wants to bet in a pool he writes the promoter for the week's selection. He usually has a choice of six or seven different combinations, may bet anything from a penny to a pound. There are three cardinal requisites for an "investor" (the word bettor is shunned): He or she must be over 21, must not "invest" with cash, must never visit the promoter's premises. To circumvent England's Betting & Lotteries Act, all transactions are on credit, cash is sent the following week. If an investor fails to follow up with cash...
...perfumer, feminist, whose four previous husbands had owned fortunes totaling $125,000,000; to Harry Grindell-Matthews, 57, inventor of the "death ray," which knocked out a cow 200 yards distant at its first British War Office tests; in London. The bride went on her honeymoon alone, while the investor rushed to his Clydach, Wales laboratory (fenced with electrified wire) to perfect an aerial torpedo...
...Best chance for an investor to share in airline progress: the growth of trans-ocean flying, now almost entirely concentrated, so far as concerns the U. S., in the hands of Pan American Airways...