Word: j
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Dates: during 1920-1929
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...pool stood ready to prevent a retreat from becoming a rout, a recession from developing into a panic. In addition to the banks already mentioned, the banking pool was described as including George F. Baker's First National, thus renewing the old Morgan-Baker alliance which once caused J. P. Morgan to remark that the friendship of George F. Baker was the most valuable asset that he or his father had ever known. Mr. Baker, fast approaching his goth birthday, had known Panic before Morgan Partner Lament was born. Compared to Morgan-Baker efforts of the past, however...
...fact that very soundest stocks were selling at ten times current earnings and many a stock such as that of the General Motors Corp. reached a point where it was only five or six times current earnings. And General Motors, according to the once unchallenged statement of John J. Raskob, should sell at 15 times earnings. Quite aside from their relation to earnings many stocks sold at a point where their actual yield in dividends was higher than the yield of bonds. The following were typical of stocks which were purchased at a price to yield in dividends between...
...huge companies sold for less than half of what somebody had once said they were worth. So nonsensical did all this seem that some brokers refused to sell out their customers even when technically they might have. But the awful expected began to happen when one brokerage house, John J. Bell & Co., was suspended. What failures loomed, none could say. Would the nightmare, to many tragically cruel, never end? As shades of Tuesday evening fell, it seemed again that the worst was past. A belated ticker recorded gains in significant stocks. New York Central was three points above Monday...
...Industries, Inc., an investment company headed by R. S. Revnolds and the affiliated Reybarn Co., both of which are units in the $200,000,000 group of holding companies headed by Chas. D. Barney & Co. The investment was the purchase of Thomas Young Nurseries, Inc., of Bound Brook, N. J...
...other Pittsburgh families than his employers, seemed definitely settled there. But last week he resigned from Tones & Laughlin to be "actively engaged in the development of plans affecting the iron and steel industry." It was evident that the Eaton interests had. won, especially when two days later R. J. Wysor, general manager and assistant to President Girdler, also resigned...