Word: panic
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Dates: during 1940-1949
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...record of the scene. In the chill dawn women and children began to pile into the boats. Faint light played over the flags painted on the Washington's sides, but the flag suspended between its funnels glowed under floodlights. Though ten minutes was not enough, there was no panic...
...President, in a panic, told M. Reynaud he could not do this thing. France was beside the abyss, the danger was immediate and deathly. If Reynaud resigned, democracy in France would be finished; the only alternative was military dictatorship under Weygand or Petain. In the end Reynaud agreed to stay-providing he could purge the Cabinet...
...Captain Eddie Rickenbacker's Eastern Air Lines came to the market May 27 via Smith, Barney & Co. (which is still licking the wounds left by the ill-fated Pure Oil issue in the 1937 bear market). In April Eastern had gone up above 44 on the big pre-panic move in airline stocks, early in May was still there. The new issue offered 110,909 shares to stockholders at $32 when it was around 39 on the market. Last week, as Eastern was traded in the market at around 32,104,545 shares unsubscribed by stockholders were publicly offered...
...been in the works for some time, were postponed indefinitely. One of the first and biggest of these was Indianapolis Power & Light, which had successfully floated new common stock in April (TIME, April 15), was ready to refund $32,000,000 of 3¾% bonds just as the panic began. Lehman Bros, put the issue back on ice. W. C. Langley and Halsey, Stuart did the same to $12,660,000 of mortgage bonds of Iowa Southern Utilities. Other long-planned issues, postponed...
...present stock holders, including his dominant Transamerica Corp., the unsubscribed balance to the public (TIME, May 13). After the private offering to common stockholders hit a stone wall, the underwriters (Ladenberg, Thalmann, Otis & Co. and John J. Bergen & Co.) called it a day for the duration of the panic...