Word: standardizing
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Dates: during 1920-1929
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...sliced-the better the stock, the bigger the break. On this day A. T. & T. fell 24 points; Columbia Carbon, 61; Consolidated Gas, 20; Electric Power & Light, 13; General Electric, 47; Eastman Kodak, 41; Otis Elevator, 60; New York Central, 22; Montgomery Ward, 15; U. S. Industrial Alcohol, 39; Standard Gas & Electric, 40, etc. etc. etc. ... In Rio de Janeiro the coffee market already frightened (TIME, Oct. 21), closed altogether. But in Chicago a bushel of wheat was worth 3 cents more...
That nearly every stock was at bargain prices by any modern economic standard was best shown by the fact that very soundest stocks were selling at ten times current earnings and many a stock such as that of the General Motors Corp. reached a point where it was only five or six times current earnings. And General Motors, according to the once unchallenged statement of John J. Raskob, should sell at 15 times earnings. Quite aside from their relation to earnings many stocks sold at a point where their actual yield in dividends was higher than the yield of bonds...
Such stocks as American Telephone, Baltimore & Ohio, Canadian Pacific, New York Central, Standard Oil of New Jersey, U. S. Steel, Westinghouse, all sold at some time to yield between...
...Selected Industries, Inc., whose holdings include a substantial interest in Kraft-Phenix Cheese Co., last week's purchase was consistent with a policy of investment in standard commodities. The demand for orchids is constantly increasing, and the price has been stable. Only companies with large capital, long experience, and adequate plant facilities can supply the increasing demand. All these conditions are met by the Thomas Young Nurseries, largest orchid growers in the world. The 28 Young greenhouses are spread over 55 acres. Inside these greenhouses, where the native climate of each species of orchid is reproduced, are some...
Thurston was a great success in China. He likes the Chinese. Once he gave a performance at the White House, borrowed Calvin Coolidge's watch, seemingly smashed it to bits. Mr. Coolidge was imperturable, said nothing. Thurston returned the watch unharmed, congratulated the President on "setting the standard of discretion for the world...