Word: rails
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Dates: during 1930-1939
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Cause. Last week the American Railway Association reported a slight rise in railroad accidents in 1934, attributed it to the increase in rail traffic over 1933. In the first eight months of 1934 nine passengers, 57 employes were killed. For last week's highly extraordinary series of rail mishaps Association officials had two explanations: 1) coincidence; 2) the fallibility...
These facts were just developing in last week's testimony when?Pop! President Roosevelt called in newshawks, announced that he had appointed Messrs. Baruch, Johnson, Secretaries Hull, Morgenthau, Dern, Wallace, Swanson, Perkins, General Douglas MacArthur, Chief of Staff, Assistant Secretary of the Navy Henry L. Roosevelt, Rail Coordinator Joseph B. Eastman and Foreign Trade Adviser George N. Peek to take the profit out of war. The announcement knocked the Senatorial inquisitors completely out of the spotlight...
...Herbert Samuel Holt, Canadian rail-power-banking tycoon, resigned as president of far-flung Royal Bank of Canada, the Dominion's first billion-dollar bank, to become chairman of the board of directors...
...crossing by the Dow-Jones rail average of the 37 to 38.50 price level would constitute an auspicious augury for the bull forces in the market. Should this occur it is probable that the industrials will touch the 106-107 level before meeting serious resistance. From all indications the rise is about to be resumed with the steel, rubber, and liquor stocks in the van. Only quick turn-traders need be apprehensive of a reaction as the market shows no signs of a possible top. Should a topping formation occur, there will be plenty of time for swing followers...
...week was a good one for stock brokers. Volume of business on the New York Stock Exchange one day swelled to 1,500,000 shares. And by the end of the week prices stood just about where they were a year ago, with one notable exception. While industrial and rail shares had risen approximately 150% above their Depression lows of July 8, 1932, the battered utility averages were only one point above that subterranean ooze. An investor who bought the premier U.S. power & light stock, Consolidated Gas, at the 1932 low of $31.50 per share could not have sold...