Word: sec
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Dates: during 1940-1949
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...PACK YET. In a recent Sec. Nav Ltr. authority to order WAVES to foreign shore duty was granted. Anyone of the above boys may be relieved by same before departure...
...years, the Minneapolis investment group of Investors Syndicate, Investors Mutual, Inc. and Investors Syndicate of America has sold $1,500,000,000 in certificates to 400,000 persons. Last week SEC charged that the group had "perpetrated fraudulent practices." SEC froze the group's business, asked a Federal court order restraining the companies from paying cash surrenders and loans to certificate holders. Said SEC: investors were told that Mutual shares are safer than war bonds, and accomplish the same purpose...
...none too good for Greg Rice. "Gunder the Wunder," a self-coached runner, had smashed seven world's records ranging from 1,500 to 5,000 meters in 90 days last year. His time for 5,000 meters (3 miles, 188 yards, 2 inches) was 13 min. 58.2 sec. The fastest 5,000 Rice had ever...
Money. The production boom pyramided the income boom. The Department of Agriculture, reporting cash farm income for March up 13.5% over February, noted that "since May 1940, the seasonally adjusted index . . . has risen sharply with only minor interruptions." SEC reported that, despite the biggest tax on payments in history, total liquid savings of individuals in the first quarter of 1943 stood at $9.9 billion. Of this a whopping $4.3 billion was in cash and demand bank deposits and only $2.6 billion ($300 million above the last quarter of 1942) was stored away in war bonds...
...yard run--Won by Mason (H); second, Coggins (H); third, Slingerland (H). Time--2 min., 4.9 sec...