Word: sec
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Dates: during 1930-1939
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...SEC has pre-emptory power to suspend dealings for ten days in any misbehaving security, to suspend all dealings on any U. S. exchange for 90 days upon proclamation by the President of an emergency. The Commodity Exchange Administration has control over grain futures markets, can set permissible limits beyond which no future can rise in a single day. And the President, in addition to his power to cut he dollar to 50% of its old gold-standard ralue (it is now 59%) has the power to regulate or prohibit all dealings in foreign exchange...
Samuel Orman Clark Jr. for James Ward Morris in the Tax Division. Bright brother of former Dean Charles Edward Clark of the Yale Law School, now a U. S. Circuit judge, Sam Clark, too, served first with SEC. His presence at Justice makes Treasury lawyers (of whom Tom Corcoran's young friend Edward Foley is now chief) feel more like working with the Attorney General's Office, which they hitherto avoided...
Francis Michael Shea for Samuel Estill Whitaker in the Claims Division. Out of Dartmouth and Harvard Law School (1928), Mr. Shea worked on AAA, SEC and Puerto Rican Reconstruction before becoming, in 1936, Buffalo Law School's prodigy dean. His special study is bankruptcies & receiverships, at which lawyers rate him far above his predecessor, the mayor of Riverview, Tenn...
...Speedster Sir Malcolm Campbell and his new motorboat Bluebird II: a race against a watch; covering a measured mile in 25.2 sec. in one direction and 25.6 in the opposite direction, for an average speed of 141.74 m.p.h., setting a new world's record for speed on water; at Lake Coniston, England...
...July 21. It seemed almost within reach of its 1939 high (154-85) and its 1938 high (158.41). Last week stock which was sold at the July peak could be bought back for ten points less. Those who profited by this turn of events were chiefly professional traders. SEC has since reported that at the peak, in the last half of July, while the public was buying heavily, Exchange members did 78% of all short selling. Last week the public thought that the professionals were lucky in finding Mr. Hitler working for them at Danzig...