Word: quarters
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Dates: during 1920-1929
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...England aristocrat, while another owned a small automobile agency in Missouri. One peg had been worn smooth with a quarter-century's public service, while another had never been outside the steel business. Two pegs were frankly politicians, stuck in as rewards for services rendered, and for convenience in services to come. Two others had snugly filled their holes for eight years under Presidents Harding and Coolidge. One peg was an old college friend, another a Democrat except in Presidential elections...
...Thomas James Garland, Bishop of the Episcopal diocese of Philadelphia, is a shrewd, hard worker, not without a sense of humor. Born in Ireland, he has lived in Pennsylvania more than a quarter-century. His long toil in the vineyard has thinned and dried him. His diocese is wealthy...
Seats on the New York Stock Exchange rocked uncomfortably when the market declined last week. In the first sales of quarter-seats, 16 quarter-seats sold for $109,500 each, making a whole seat worth approximately $440,000. Before the recent 25% increase in the Exchange's membership, the price of a seat had reached...
...week, $625,000, the same figure as for the last seat sold prior to the increase. But last week's purchase included the seat with its extra one-fourth right; in other words, five-fourths of a seat was purchased. Thus a precedent was established for valuing each quarter-seat at $125,000 and a seat at $500,000. The seat was bought by Ferdinand A. Straus from Robert L. Leeds, Mr. Leeds purchased his seat early in January, paid...
Inasmuch as the Straus purchase was for five-fourths of a seat, there still remained the question of what quarter-seats, sold separately, would bring. The bear market caused by the Federal Reserve's attack on speculative loans (see p. 47) may well lower seat prices since speculation by the general public is always on a bull market. A bear market generally means less trading for seat-holder, fewer commissions...