Word: steeled
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Dates: during 1920-1929
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Then at 1:30 p. m., a popular broker and huntsman named Richard F. Whitney strode through the mob of desperate traders, made swiftly for Post No. 2 where, under the supervision of specialists like that doughty warrior, General Oliver C. Bridgeman, the stock of the United States Steel Corp., most pivotal of all U. S. stocks, is traded in. Steel too, had been sinking fast. Having broken down through 200, it was now at 190. If it should sink further, Panic with its most awful leer, might surely take command. Loudly, confidently at Post No. 2, Broker Whitney made...
...professional, was hopeless from the start. By noon more than 3,500,000 shares had been sold in what was obviously a panic-situation. Again bankers met, but issued no statement, hardly retarded the decline. Again Broker Whitney haunted Post No. 2, but at this time U. S. Steel broke through 200, reeled down to a closing figure of 186. All the blue chips of the late bull market were hammered and 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...
...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. The following were typical of stocks which were purchased at a price to yield in dividends between 8% and 10%: Anaconda Copper, Bethlehem Steel, Chrysler, General Foods, General Motors, Kennecott Copper, Sinclair...
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...
When in 1914 Tom Mercer Girdler went to work for the Jones & Laughlin Steel Corp. he had reason to be pleased. For famed in Pittsburgh are the Joneses and the Laughlins, controlling the greatest "family" steel company. Hard-swearing, wearing his hat at all times to be ready for emergency mill calls, Mr. Girdler in turn pleased the Joneses and the Laughlins. So well did he please them that when last year they heard outside interests, represented by Cleveland's Cyrus Stephen Eaton, were seeking General Manager Girdler, they made him president of Jones & Laughlin...