Word: price
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Dates: during 1920-1929
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Numismatists were surprised last week when the world's record auction price for a coin was paid in Manhattan, not for the currency of some ancient empire, but for a U. S. $5 goldpiece issued in California in 1849. The coin was privately minted, at the time of the Gold Rush, for the Massachusetts & California Co. Its face depicts a cowboy busy with a lariat, a bear and a deer. For it a Philadelphia dealer, acting on behalf of an anonymous client, bid $7,900. The coin came from the big collection of the late Dr. George Alfred Lawrence...
Then he hired Stone & Webster to look over the properties acquired and report on their position and prospects. When Stone & Webster had completed their survey, Mr. Morgan offered them the Cumberland Light & Power Co. for the bargain price of $60,000. Borrowing the money, the partners bought the company, sold it some years later for $500,000. It was the profit on this operation that established Stone & Webster as a company of national scope...
When U. S. producers feel the need for combination in their industry they proceed warily with one eye on the anti-trust laws. Foreign producers, however, have few inhibitions, not only in combining corporations but in regulating markets, production, prices. Thus last week a group of British and South American tin men formed the British-American Corp. with the avowed purpose of stabilizing the price of tin at ?265 a long ton ($1,284). This price would be the equivalent of about 57 1/2 a pound as compared to last week's National Metal Exchange (Manhattan) quotations of around...
...Money from this, as from other A. P. C. sales, reverted to the U. S. Treasury. A recently passed law refunds 80% of the purchase price to original "enemy owners." The remaining 20% will be returned when final settlements under the Young Plan are made...
That won. The judges included Mrs. Franklin Delano Roosevelt, wife of the Governor of New York, famed press-agents Ivy Ledbetter Lee, Edward L. Bernays, John Price Jones...