Word: portes
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Dates: during 1930-1939
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...saloonkeeper, "Gassy Jack" Deighton. To the rage of Victoria's aristocrats, Canadian Pacific officials renamed Gastown Vancouver. As the world's trade with Japan and China increased and the Panama Canal made possible water shipment of Canadian wheat, Vancouver's magnificent harbor became a key port. Today some of the West Coast's toughest, smartest tycoons are Vancouver's Harvey Reginald MacMillan (lumber, salmon), Austin Charles Taylor (oil, gold), the Spencer brothers (stores, gold...
...months of the year Churchill is icebound, snow-laden. Sole reason for making it a port was to reduce Western Canadian wheat-growers' freight rates to Europe. Churchill, at latitude 59°, is no farther from Liverpool than are Montreal and New York, both of which are twice as far from the Saskatchewan wheat fields. For 50 years Canadian wheatmen agitated for a railroad over the frozen muskeg to Churchill. In 1931 they got it, at a cost of some $30,000,000, in the form of a 510 mile spin from The Pas, Manitoba, prime junction...
Left. By the late Colonel Edward Howland Robinson Green, whose mother, miserly Hetty Green, specified in her will that the family fortune remain intact; to his sister, Mrs. Sylvia Green Wilks, an estate estimated at $80,000,000; in Port Henry, N. Y. Mrs. Mabel Harlow Green got nothing, but was made administrator of the fortune by a Texas judge. Claimed last week by officials of New York, Massachusetts, Texas and the U. S. were $65,000,000 in inheritance taxes...
...which he plans to sell, may not rise at all. The only way he might avoid loss is to deliver his real cotton against his contract for future cotton. On the New York Cotton Exchange the rule used to be that the only acceptable place for delivery was the Port of New York. And a good squeeze was so engineered that the merchant could not possibly ship his cotton to arrive in time...
...rise in arms, force the Exchange to modify the rule. His operations are still referred to by those who got burned as nothing less than "fiendish." In the end he won his point, which was to have certain cities in the South designated as "delivery points" instead of the Port of New York alone. This made it easy for hedging merchants who might be squeezed to deliver against their short sales in a hurry...