Word: stockings
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Dates: during 1920-1929
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When news of the Marconi collapse spread to the Stock Exchange floor, a selling movement produced sharp declines in several of the favorite dull issues. The advance of call money from 8 to 10%, and the anticipation of large increases in loans to brokers also helped unsettle the market. Radio Corp. of America dropped more than 12 points, Montgomery Ward, Sears Roebuck, Wright Aero, Victor Talking Machine, Packard Motor and many another stock declined from 5 to 15 points. Other slumping stocks also began to climb back, the market finally re-asserting its prevailing bullish trend. Observers pointed out that...
Banks. Values of shares in various Manhattan banks last week made 24-hour jumps of from $6 to $150 a share.* High among the jumpers were stocks of the Chase National Bank, of the Garfield Bank. The Chase stock leaped 55 points, the Garfield 125. For last week the Garfield Bank was absorbed by the Chase Bank, became the Garfield Branch of the Chase National. Owners of Garfield stock will receive as many shares of Chase as they hold of Garfield...
Motors. Samuel Regar, treasurer of the Chandler-Cleveland Motors Corp. of Cleveland, last week announced that the Chandler-Cleveland Co. has been absorbed by the Hupp Motor Car Co. Stock of the merged companies has a market value of $130,000,000. The first Chandler car was built in 1915. Later Fred C. Chandler started the Cleveland Automobile Co., built the Cleveland, a car in a lower price-range, and soon consolidated the two companies into Chandler-Cleveland. No announcement was made concerning Hupp plans for the Chandler...
...that speculative law through which the act of purchase increases the value of the thing purchased, Blair & Co.'s acquisition of Prairie stock shot Prairie quotations upward. Indeed, the deal had hardly been concluded when the rise in Prairie prices made the $30,000,000 holding worth $47,000,000. Even before the purchase, however, the two Prairie flowers had been blossoming with unprecedented brilliance. Prairie Pipe Line had a Low for the year of 51. Last week's High was 277. Even Wright Aero, even Radio Corp. have not equalled this record climbing-the most sensational advance...
...have influenced the rise in oils. Chief among these other influences is Arthur W. Cutten who has gone into Sinclair Consolidated as Blair & Co. have gone into Prairie oil. Always a bull, never a bear, Arthur W. Cutten has done more than any other individual to make the overload stock ticker lag far behind the market and Prairie Pipe. He has been in Radio Corp., in Montgomery Ward, in many another of the soaring stocks that have done most to create the present buying market. In a bull market, among many bulls, Bull Cutten ranks king of the herd...