Word: nickel
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Dates: during 1930-1939
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...empty lots-were already successful real estate operators in Cleveland. They had a suburban development called Shaker Heights which needed a rapid transit line to the heart of the city. For a rapid transit line they needed a right of way. They thought of hiring one from the nearby Nickel Plate Road. They went to the New York Central (which owned more than 50% of the stock of the Nickel Plate) and came away not only with a right of way but with a majority interest in the Nickel Plate-the famed New York, Chicago & St. Louis Railroad, built...
...Brothers Van Sweringen, clients of the House of Morgan, began building up their railroad empire in 1916 on a loan, borrowing from a Cleveland bank $2,000,000 to make a cash payment to the New York Central for the Nickel Plate. According to Inquisitor Pecora, they got control "without putting up a 5¢ piece...
...Typical of stocks which last week hit their 1933 highs as a result of the gold embargo and subsequent developments were: 1933 1933 Low High U. S. Steel 23⅜ 44½ General Motors 10 18⅞ International Nickel 6¾ 15 American Can 49½ 7 6 Homestake 145 204⅞ Anaconda Copper 5 15⅛ Liggett & Myers 49 ½ 79 National Lead 43¼ 90 Utah Copper 35 60 New York Central...
...ordinary commodity is silver. To half the world's population (chiefly the Orient) it represents money and wealth. To the other half of the world it is merely a useful metal like copper or nickel. The reason that the price of silver fell from over 50? in 1929 to around 25? at the first of this year is partly that some countries such as Russia and French Indo-China have melted up part of their silver money and sold it; partly it is that less silverware is being made...
Leading oil was (as always) Standard of New Jersey. Liggett & Myers (Chesterfields) had beaten out George Washington Hill's American Tobacco (Lucky Strikes) as the favorite tobacco stock. Kennecott Copper replaced International Nickel as the leading metal. Favorite bank stock was Guaranty Trust, favorite specialty International Business Machines...