Word: midwest
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Dates: during 1940-1949
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...gift of friends lampooning a luckless fishing trip. But last week ardent Fisherman Day landed a tarpon of sorts. After three years of angling, he hooked it with representatives of the Cleveland, St. Louis and Minneapolis-St. Paul Stock Exchanges. They agreed to merge their exchanges into one big Midwest Stock Exchange, which will be exceeded in size only by the New York Stock Exchange and the Curb Exchange...
Said bustling Homer Hargrave, chairman of the Chicago Exchange: "We haven't kept pace in the securities market with the growth and industrialization of the Midwest. We will now have a horse to ride that can keep pace." The exchange opens formally Sept. 15 but will not be ready to deal in stocks for at least two more months...
...Midwest Exchange will not choose officers until winter, but nobody doubted that the president would be Jim Day, the man who had first suggested the merger. What had prompted his move was the fact that business on the Chicago Exchange had become flabby; a 30,000-share day looked big, although a dozen years ago 100,000-share days were not unusual. Jim Day reasoned that if the big brokerage houses could get business by having direct connections to their branch offices in scores of cities, stock exchanges in Midwest cities could do the same...
...National League lead seesawed through August, fans who lived far from Brooklyn or St. Louis began to take sides. The Midwest, from Chicago to the Ozarks and down into Texas, was Cardinal country; the Dodger cheering section was centered east of the Alleghenies. The two teams had almost monopolized the National League pennant since 1940-the Cards won it four times and the Dodgers twice-and it was clear to all but the die-hards of mathematical chance that one of them was going to do it again. As far west as San Francisco last week, Dow-Jones tickers carried...
...least six other New York Stock Exchange houses have similar exhibits scheduled at agricultural fairs throughout the East and Midwest next month...