Word: jam
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...went to a premium of 102|. Morgan Stanley ended the day by wishing it had offered the original $80,000,000. Meanwhile it completed plans with Bonbright & Co. for issuing next week $9,000,000 of first mortgage bonds of Consumers Power Co. Other evidence last week that the jam of new financing was finally breaking: Appalachian Electric Power Co. filed with SEC a proposed issue of $67,000,000 in bonds to be offered by Bonbright...
...play symphonies. But some high-brow concert audiences still think that symphonic musicians can play jazz. Symphonies are made to be played in concert halls for people who buy tickets to listen to them; the best jazz is made up on the spur of the moment, belongs in the jam session or the dance hall. Last week in Philadelphia's mid-Victorian Academy of Music, members of the Philadelphia Orchestra, under platinum-blond Maestro Leopold Stokowski, jiggled and swayed, did their best to lose their educated musician's sense of discipline, tried embarrassingly to get hot. The result...
...Fair Corporation's 900-odd employes work and where dressy President Whalen holds forth in a copper-lined board room. Like the Chicago A Century of Progress, the Administration Building is showily modern, as apparently will be most of some 350 other projected buildings which eventually will jam the site's 1,200 acres. Most of the New York Fair's space has already been let and last week Japan contracted to rent 10,000 sq. ft., Russia 110,000 and Hungary 36,000. Virtually all nations are expected. Attendance is estimated at 40,000,000 first...
Underwriters now are strictly regulated by the Securities & Exchange Commission. To the public this may have meant, as recently claimed by onetime SEChairman James M. Landis, a $1,000,000,000 saving from stock swindles. But last week underwriters found themselves in a genuine jam as the result of the past two months' stock tumble [first real smash of the Roosevelt Bull Market of the past two years] which this week set new lows for the year...
Motoring procedure in Moscow is for small-shots to obey the traffic lights. A big-shot will occasionally stop for a red light, usually goes through it at about 20 miles per hour, while small-shots who have the green light with them jam on their brakes. A bigger-shot, his 8-cylinder car followed by a 4-cylinder containing five secret police in caps and leather overcoats, takes the red lights at about 40 miles per hour, horn screeching as he nears the intersection...