Word: rail
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Dates: during 1930-1939
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...Gypsum from $137 to $107; General Electric from $64 to $50. Even such a symbol of stability as American Telephone & Telegraph was off 24 points from its 1937 high ($187). Railroad issues alone have demonstrated any real resistance to the market trend, the Dow-Jones rail averages still being well above the level of the year-end. Utilities, running as usual in their own particular bear market, have been on the decline since January...
...camp; recounts that Smokehouse Eddie is vacationing in Pittsburgh; records that Big Baby Bum has now set his initials on the Statue of Liberty, the Empire State Building, the Queen Mary and the late Hindenburg. Features include the running autobiography of Editor Benson; an itinerary of the best free rail route from Manhattan to the West Coast (Pennsylvania, Chicago & Alton, Missouri Pacific, Union Pacific, Denver & Rio Grande, Western Pacific) ; some fatherly counsel from Dean Danny O'Brien of the inter mittent New York Hobo College to incipient boes : "It is dangerous when bumming a lump [begging a handout...
Observed in proper legal form in Baltimore last week were stockholders' meetings in two spinal column holding companies of the erstwhile $3,000,000,000 Van Sweringen rail and real-estate empire, Alleghany Corp. and Chesapeake Corp. Proxies prosaically were cast to elect as directors the new controlling interests in Alleghany Corp. At the same time in Manhattan, Stockbrokers Robert Ralph Young and Frank Frederick Kolbe were sitting down with George A. Ball to complete the transaction by which the 74-year-old Muncie, Ind. fruit-jar manufacturer stepped down as the dominant figure in the Van Sweringen picture...
With his brother Alva, owner of the Cleveland Indians baseball club, Charles Bradley was heir to a vast real-estate and Great Lakes shipping fortune. As a banker he early became associated with the Van Sweringens in real-estate, later in rail roads. When the Vans started building Cleveland's Terminals Building in 1927, blunt, outspoken Mr. Bradley was asked to supervise activities. He moved his office from the Union Trust Co. to the site of the excavation. Asked by newshawks what his plans were, Charles Bradley replied: "First thing we'll do is raise hell." The building...
...than in 1935. Since the Lehigh is primarily a coal-carrier, this meant Recovery. With coal & steel booming on merrily, last week rugged Edward Eugene Loomis, president of the road for 20 years, retired to become board chairman. Elected to succeed him was Scottish-born Duncan John Kerr, a rail-road man since 1904, when he arrived in the U. S. with a degree in engineering from the University of Glasgow. With Great Northern Ry. from 1910 to 1936, Mr. Kerr was assistant to the vice president in charge of operations and president of coal and lumber subsidiaries in Montana...