Word: londoners
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Dates: during 1920-1929
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Clarence Walker Barren's Wall Street Journal, less brash in such business & financial matters than the Chicago paper, noted last week: "American banks are finding it profitable to place surplus funds in London, owing to higher level of money rates there, and such transfers of dollars into sterling have been a leading cause of firmness in the sterling rate this week. , Some American funds are also being placed in Germany, to take advantage of higher rates prevailing in Berlin...
...Radio Corp. of America announced that within a month it would place a "beam" radio service insuring high speed and privacy at the disposal of U. S. businessmen desirous of communicating with London. The announcement came as the fourth in a series of transatlantic communication improvements within a year. Last summer the Western Union Co. completed laying the second of two loaded or "permalloy" cables across the Atlantic capable of carrying 2,500' code letters per minute each (TIME, July...
Last autumn the Marconi Co. opened a "beam" radio service between Canada and England (TIME, Nov. 1, 1926). Last January the American Telephone & Telegraph Co. inaugurated actual exchanges of the human voice by telephone between London and Manhattan eek there was announced a step towards a parallel development of communication westward from the U. S. President Newcomb Carlton of the Western Union declared that his company was ready to lay a transpacific cable like its two new Atlantic cables. With radio so enormously developed laymen marvelled that so shrewd a businessman as Newcomb Carlton was taking so ambitious a stride...
Last week, the day before the first anniversary of Gertrude Ederle's brass-band-accompanied swim across the English Channel, one Edward Harry Temme, 22-year-old London insurance "clark" (clerk), inserted his strong body (length, 6 ft. 2 in.; weight, 205 Ibs.) into the bitterly cold waves off Cape Gris-Nez, France, and commenced a steady trudgeon stroke toward England...
...crowd cheered for the eleventh Channel swim in history and the first attempt this season. In London, the feat was signalized at Lloyd's (insurance exchange) by a clanging of the Lutine Bell and the loud voice of a public crier. Headlines ejaculated decorously all over Britain. The U. S. Press took the news more calmly. Only 364 days before, the Ederle performance had called forth some of the biggest typefaces in the composing room, for front page screamers. Now no room at all could be found for Mr. Temme on the front pages of leading U. S. newspapers...