Word: par
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Dates: during 1930-1939
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...Treasury's No. 2 man, his major achievement has been the enactment of legislation for the issuance of short-term bills bearing no specific interest but bid for under par by investors.* This new and more flexible device for Treasury loans has been of great value to the Department in financing itself through the Depression. Undersecretary Mills, because of his knowledge of the money market, managed virtually single-handed the two big bond issues put out this year. With his Congressional contacts, he replaces Secretary Mellon before House and Senate committees, hurries in to serve as a quick-witted buffer...
...Burke-Von Elm tie came about as a result of a typically exciting situation in the last round. Von Elm, eighteenth on the first day, got back into the running by shooting a second round of 69, two strokes under par and the lowest score of the meeting. He started the last round two strokes ahead of Burke, who had played three rounds consistently a stroke or two over par, with few birdies and one eagle on the long ninth hole. Burke, playing ahead of Von Elm in the last round, finished with a steady 73 for a total...
...needed only a 38 on the last nine holes to win. Knowledge of his apparently impregnable position made him nervous. He had a six at the twelfth, a five on the fifteenth. Needing three par-fours now for a tie, he dubbed a twelve-inch putt on the sixteenth, took a five instead of a four. This blunder, which would have destroyed the poise of most golfers, appeared to invigorate Von Elm. He played the seventeenth in four, put a mashie shot 15 feet wide of the pin on the eighteenth green and sank the putt, almost angrily...
...rise in commodities were the most important events of the week, the news-index of world-wide change was the New York Stock Exchange. Performing in a spectacular manner, that great market once again proved its world leadership. There were cheers when United States Steel again crossed par, a triumphant return from the recent nadir of $831. Twenty-six leading stocks gained $4,159,000,000 in value. Bullish rumors ran wild; there were tales of tremendous pools being formed, huge mergers in the making. Concrete bullish news, in addition to the moratorium, was the favorable decision to Radio Corp...
...made his big mistake when he sent his brassie shot into the crowd on the tenth fairway and took a five. At the 14th, playing into a stiff wind, he was on in three and down in three putts for a six. He played the next two holes in par and still had a comfortable margin-one over par to tie-when he teed up his ball at the 17th...