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...produced speculative profits of $2,239,763,714 and losses of $661,733,366. In the "millionaire" class, stockmarket winners took a net profit of $92,000,000, losers a net loss of $48,000,000. Total net winnings and losings were heaviest in the $25,000-per-year income class...
That Alexander Legge, the Board's $12,000 per-year chairman and chief sponsor of its market program, would resign shortly after March 4 to return to his $100,000 per-year post as head of International Harvester Co. last week became an accepted fact. In his place was foreseen James Clifton Stone, vice chairman and tobacco's representative, who was expected to sheer the Board away from its present market program. Though Chairman Legge would not give a yes-or-no answer, he did say: "If a street car were to run over me tonight, the Board...
Last week President Hoover parted with his closest, ablest private secretary. George Akerson departed for New York to take his $30,000-per-year job with Paramount-Publix Corp. White House newsgatherers gave George Akerson a farewell present: a large engraved cocktail shaker...
...cheerful throng of $10,000-per-year men was converging last week upon Washington. After all had arrived safely they would take their 531 seats and answer to their 531 names as members of the 71st Congress, third session, sitting...
Because the law governing sessions of Congress has not been changed since election returns and Congressmen traveled from far states by horsepower over muddy roads, 70 of the $10,000-per-year men will sit in Washington until March 4 without really having any business there. They are the "lame ducks"-12 Senators, 58 Representatives-who lost their offices in last month's election. Their newly chosen successors will not be given a chance to do their people's business until a year from next week, unless a special session of the 72nd Congress is called...