Word: knowns
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Dates: during 1920-1929
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...three hours of Thursday stock valuations shrank about $11,250,000,000, recovered all but $3,000,000,000 before trading closed. Brokers met at Hornblower & Weeks, counseled against witless selling, thought the decline had spent itself in a day's volume of trading far exceeding anything ever known. On the Stock Exchange 12,894,650 shares changed hands, besides almost as many more on the curb, "over the counter" and other exchanges...
...Honored. Known to everyone who has been a student at the Harvard Law School where he has taught for 41 years, respected throughout the profession as the outstanding authority on the law of contracts and sales, is Samuel ("Sammy") Williston. He received the Association's medal for conspicuous service rendered in jurisprudence for the year, specifically for "monumental work in restating the law of contracts...
...there have happened since 1925 events that even visionary President Kraft could not have foreseen. In 1928 Kraft Cheese Co. acquired Phenix Cheese Corp., changed its name to Kraft-Phenix Cheese Co., became dominant in the U. S. More companies have been added constantly. Late this summer it became known that control of Kraft-Phenix had passed to Selected Industries, Inc., and affiliated investment groups. But bigger than any of these developments was an announcement last week that Kraft-Phenix would be a unit in a new food company sponsored by the National City Bank. Other companies included were Hershey...
...pivotal of all U. S. stocks, is traded in. Steel too, had been sinking fast. Having broken down through 200, it was now at 190. If it should sink further, Panic with its most awful leer, might surely take command. Loudly, confidently at Post No. 2, Broker Whitney made known that he offered $205 per share for 25,000 shares of Steel-an order for $5,000,000 worth of stock at 15 points above the market. Soon tickers were flashing the news: "Steel, 205 bid.'' More and more steel was bought, until 200,000 shares had been...
...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, the 1929 crisis was notable through the presence of a non-Morgan bank-National City, by far the largest...