Word: sec
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Dates: during 1930-1939
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Through his publicity agent, Bernarr Macfadden, 70, let it be known he had bought from Flier Jacqueline Cochran Odium a low-wing Northrop "Gamma" monoplane which Howard Hughes flew when he established his 1936 U. S. cross-country record (9 hr. 26 min. 10 sec.). With his new 225-m.p.h. plane, Publisher Macfadden, who has had 1,100 hours of solo flying, promises he will compete for the Bendix Trophy (Los Angeles to Cleveland, Sept...
...Warned the utility industry of impending application of the "death sentence" (geographic integration). SEC Chairman Douglas sent letters to the 66 principal utility holding companies, telling them he expected them to file plans, however tentative, for compliance with the "death sentence" before December...
Chief Characters: Slow-moving, heavy-jowled Exchange President Charles R. Gay, a worried broker who means well; arrogant, handsome Richard Whitney, leader of a clique known as the Old Guard; puckish, tart-tongued SEC Chairman William O. Douglas, reputed to be a radical of the deepest dye; Brokers Paul Shields, E. A. Pierce, John Hanes and William McChesney Martin Jr., upstarts...
...commodity prices. By July, prices once more had begun a slow rise, although volume of trading was unbelievably thin. It was actually the beginning of Depression II, but almost to a man the brokerage community believed what Charles Gay put into his Exchange report-that too strict regulation by SEC was to blame. Wrote President Gay in his usual mild way: "I am fearful that, in an effort to cure what might be termed sporadic evils, undue restraints are being placed upon normal, proper action, thus creating abnormal market conditions. . . ." Same week that this tempered but widely publicized kick issued...
...Adams has been titled "Boots" ever since he went wading in a Kansas City flood. Slight, bespectacled President Thomas B. Hudson of The Polymerization Process Corp., Phillips Pete's favorite offspring, answers to "Tubby." This nicknamed outfit last week registered $25,000,000 in debentures with SEC. Wall Street was sure they would have an easy sale-for in polymerization, Phillips Pete is fathering the latest technique in gasoline manufacture...