Word: primes
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Dates: during 1920-1929
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Last week, on the first anniversary of the day George V fell ill, the Royal Society of Medicine celebrated with a banquet. The Prime Minister of Great Britain was there to tell a little story in his warm Scotch way. Baron Dawson proposed His Majesty's health, adding in impeccable bedside tones: "Tonight is a suitable moment to state that the King in his recovery goes on from strength to strength...
...with some misgivings a musical comedy whose scenes are located in imaginary realms of the nether Balkans. One needs only a short time at "The Duchess of Chicago" at the Shubert to realize that those misgivings were justified. The inevitable unrecognized prince is there; so are the dulcet-voiced prime minister and the financial adviser with a foreign accent. The plot (devised in Europe), evidently an outgrowth of the violent anti-Shylock days, is based on the poverty of the prince and the exuitant power of American money in buying his palace and its traditions. Into this not over-inspired...
Bullish corporate developments late in the week were many. An extra dividend of 30¢ was declared by General Motors Corp. Radio Corp. of America, long the prime scoffing object of "inflation" criers, showed earnings of $8,729,389 for the third quarter, compared to $1,409,299 in the preceding quarter. Announcement was made that the $250,000,000 patent suit brought by Bethlehem Steel Corp. against United States Steel Corp. had been settled out of court. The Aviation Corp. announced it had used part of its $20,000,000 cash surplus to buy stocks other than aeronautical securities...
Heroes. Julius Rosenwald, board chairman of Sears, Roebuck, early in the decline offered to cover the margin accounts of all his employes, became the prime hero. Later Standard Oil of New York became hero-ized with its announcement that it would lend $43 a share ($11 above the market at one point) to employes who had borrowed on their holdings. Other helping companies were Standard Oil of New Jersey, Humble Oil, Gulf Oil, U. S. Steel, Newton Steel. Late last week, when Washington's official silence was broken with promise of the tax reduction, then of an industrial conference, Hoover...
...Suave, cultured, fond of clothes and horse-racing, Promoter Rice has long been the prime U. S. schemer. His latest efforts were centered in Boston where he ran the "Boston Curb," dealing in his own stocks, most famed of which were Idaho Copper and Columbia Emerald. Through his "financial" paper, The Iconoclast, he kept in touch with gullible yokels, advising them of activities within the companies and upon the "Curb." Faith-provoking methods of the Iconoclast were constant attacks upon margin trading, advice to buy sound New York Stock Exchange securities, instructions that widows and near-paupers keep their funds...