Word: sec
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Dates: during 1930-1939
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...Burk was well rewarded. In the final of the Diamond Sculls, dipping his oars 45 times a minute, he streaked through the water as if he had an outboard motor attached to his 26-lb. shell, not only won the coveted race but did it in 8 min. 2 sec.-eight seconds faster than the Henley record set in 1905. Only three Americans before him had ever won the Diamond Sculls : Edward Ten Eyck in 1897, B. Hunting Howell in 1898-99, and Walter Hoover...
Although prices last week did not keep up the pace of the previous week's uprush, they showed handsome gains. It was even proposed that SEC ease its rules against short selling to keep prices from scoring too many home runs. At week's end, Dow-Jones averages showed new 1938 highs for industrials, up seven points from the week before to 138.53, and for utilities up two points to 22.27; rails, up two points to 27.57, were higher than they have been for four months...
...time was 20 min. 20 sec., a full 18 seconds slower than the upstream record which Harvard set last year, but the 50,000 spectators who witnessed the race agreed that they had seen one of the finest crews in rowing history and one of the greatest stroke oars of all time. Spike Chace, son of a Park Avenue physician, rowing his last race for Harvard, was the hero of the day. His name was bracketed with that of William ("Foxey") Bancroft (1878) and Gerry ("Killer") Cassedy (1933), the only two other oarsmen in Harvard annals who ever...
...York Stock Exchange, it never lost a case. Neither fact, however, moved the Stock Exchange's Acting President William McChesney Martin Jr. and the "Reform" party. Their new brooms are sweeping out the "Old Guards" of ex-President Charles R. Gay who were uncompromising toward SEC. Roland Redmond, senior Carter, Ledyard partner, was a great & good friend of Richard Whitney, an Old Guardsman who at present languishes in Sing Sing.* Last week, Mr. Martin & partisans made the sweep complete. In brief routine announcement that went almost unnoticed by the press they announced that the Exchange had a new tribe...
...Began moving in on the investment trust business. With the security exchange and the utility industry both come to heel, SEC's next major move is the long-awaited regulation of investment trusts. After three years' study, SEC last week sent Part I of its report to Congress, will send other installments this summer, later recommend legislation. Largely a survey of the field, Part I produced the following gloomy statistics: 1) since 1929 assets of investment trusts have shriveled from $7,000,000,000 to $3,700,000,000; 2) of 1,272 investment companies existing...