Word: stockings
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Dates: during 1920-1929
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...June 16, a stock Franklin Sedan driven by Cannon Ball Baker, completed the fastest round-trip ever made by automobile or train between Los Angeles and New York, covering 6,692 miles in 6¼ days. ... On the trip east the time was 74 hours flat. ... On the return trip, the total time was 83 hours and 23 minutes...
Time graciously justified the Most Bullish Moment. General Motors did set new records, did eventually climb to a tantalizing 224⅛. But by the time the stock had reached Bull Raskob's figure, earnings had also skyrocketed. Last week, when President Alfred P. Sloan, Jr. announced quarterly profits of $79,266,639, nine months' profits of $240,534,613 (record for any corporation in peace time), investors hastily calculated values. In nine months, General Motors had earned $13.42 a share. Expected earnings for the full year raised the figure close to $18. Bull Raskob's formula...
Nine months' earnings of U. S. Steel totaled $140,015,494, or $8.17 a share. Expected earnings for the full year would be about $11. By the Raskob formula, the stock's value should approximate $165. Actually, U. S. Steel closed on the stock exchange, last week...
...hold General Motors cheap at 222, rush to brokers with orders to buy? Prudent investors consulted prudent stockmarketeers. They learned: 1) that the "15x" formula might justify itself in a strong bull market, but that it could not be maintained in a slump; 2) that many a sound, conservative stock, undisturbed by pools, sells at 10x or 12x; 3) that 5-year earnings are safer guides than 9 months or a year...
...relation to brokers' loans, another factor for consideration, in computing their relative size, is the number and value of new listings. In the period from Jan. 1, 1924 to date, there has been nearly 23 billion dollars in new security listings on the New York Stock Exchange. The relation of New York brokers' loans to these listings is under...