Word: pers
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Dates: during 1920-1929
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...stocks, is traded in. Steel too, had been sinking fast. Having broken down through 200, it was now at 190. If it should sink further, Panic with its most awful leer, might surely take command. Loudly, confidently at Post No. 2, Broker Whitney made known that he offered $205 per share for 25,000 shares of Steel-an order for $5,000,000 worth of stock at 15 points above the market. Soon tickers were flashing the news: "Steel, 205 bid.'' More and more steel was bought, until 200,000 shares had been purchased against constantly rising quotations...
...once paid $50,000 for a hundred shares of Auburn Motors would have been lucky to get $15,000 for his stock on October 29th. Goldman-Sachs' famed Blue Ridge investment trust which was to share in the entire sweep of U. S. prosperity was sold at $3 per share. Dozens of stocks of huge companies sold for less than half of what somebody had once said they were worth. So nonsensical did all this seem that some brokers refused to sell out their customers even when technically they might have. But the awful expected began to happen when...
Donner Steel. Buffalo company making mostly special steels. Control was bought this summer by Mr. Eaton who paid $35 per share for the stock held by President William Henry Donner. Later the same offer was made to the minority holders. Company recently lost a patent suit to the Witherow Steel Corp. Eaton interests are now reported seeking control of Witherow...
Youngstown Sheet & Tube. Third largest producer, making mostly pipes, sheets and tubes for the oil and automobile industry. Three-fourths of the plant and most of the directors located in Youngstown, Ohio. Twenty per cent stock dividend paid...
...Episcopal Church. Present assets of the Protestant Episcopal Church Pension Fund are $25,000,000. Offices are at No. 14 Wall St., Manhattan. Income on the Fund supplies the pension money. To become eligible for pensioning, an Episcopal minister must be 68, retired or disabled. The average pension: $800 per year...