Word: priced
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Dates: during 1930-1939
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Last week the price of wheat dropped on the Liverpool exchange to the lowest figure on record. At 47¼? it slipped under the 50? record set during the hard times of Queen Elizabeth in 1592. Not the threat of man's destruction in war, but proof of nature's productivity, left Liverpool traders aghast: from Bulgaria, Hungary, Yugoslavia, Lithuania, Poland, Rumania, the U. S. came reports of above-average crops. All told, world wheat production for 1939 was estimated at 3,995,000,000 bushels, exclusive of Russia and China, world consumption at about...
...late 1920s Founder Arthur J. Morris of the Morris Plan banks and four other members of a syndicate bought 14,550 shares of Industrial Finance Corp. stock from the late Pennsylvania Coalman John Markle. The price was $95 a share. It happened that Industrial Finance Corp., parent of Morris Plan banks, was under obligation to repurchase that stock at $105. Eventually the syndicate including Arthur Morris and four other directors of Industrial, sold the shares to the corporation, at a profit...
...small Washington Water Power Co. (450 miles of lines) has been threatened with competition from giant U. S. power plants at both Grand Coulee and Bonneville. Last month it sold $22,000,000 of 3½% 25-year bonds for refunding and new construction at the gilt-edged price of 105. Unworried investors gobbled up the issue...
...years out of Princeton, Holmes Moss Alexander was elected to the Maryland Legislature. There he found no cause to doubt "the basic assumption of professional lobbying, that every man has his price or his weakness," soon committed political suicide by saying: "The way we made swag of the taxpayers' money was little short of piracy." His brief experience as a legislator stood him in good stead when he came to write his second novel, American Nabob...
...eyed, nonfictional John D. Rockefeller-splashed down beside him. Mr. Rockefeller wanted Mr. Larkins' refineries. "The Standard Oil Company has been called a combination," said Rockefeller's envoy. "We prefer the word alliance. We have been accused of monopoly, but a better term is unity." After a price war, Banker Larkins saw the point...