Word: stockings
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Dates: during 1920-1929
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...Adams Express Co., or Wells, Fargo & Co. During the War, the Government monopolized railroading and expressing. In 1918 a single new company, the American Railway Express Company, inherited from the Government a monopoly of the express-carrying business of the U. S. The three oldtime companies have valuable stock interests in this temporary express trust, which enormously increases the market value of their own shares. The holdings of Adams Express in American Railway Express stock were estimated last week at $10,904,300 of the total $34,642,000 capital...
Last week was perhaps the most remarkable speculative week in modern history of the New York Stock Exchange. Speculative, because there were no political or geological events like the declaration of War in 1914, or the San Francisco earthquake of 1906. Modern, because in olden days (up to 1907), the trading was small in volume and almost entirely between professional speculators, consequently subject to more sudden and violent whims than the trading of today, which affects the fortune of perhaps 7,000,000 U. S. security owners...
...market, precipitated by a sudden break (TIME, Feb. 27). Equally long will market historians discuss the reason for last week's phenomenal spurt. The principal reason was the unexpected action of the officers and directors of the General Motors Corporation in purchasing 200,000 shares of their own stock in the open market for their own account...
...increase of $77,583,470 over 1926 earnings of $235,104,826, the largest peacetime result ever achieved by a corporation; total business of $1,269,519,673-these figures stimulated Wall Street speculators and investors everywhere, and they bought 2,431,500 shares of General Motors stock in five and one-half days, lifting the price of the stock from $144¾ to a high point of $161. There are 17,400,000 shares of General Motors stock outstanding. Last week they increased $282,750,000 in value...
...spurt, the market's opening was one without parallel in the memory of the oldest ticker-tape scanner in the field district. It had been rumored that there was a corner-in Radio Corporation of America, that desperate shorts who sold 350,000 shares could not borrow any stocks with which to make delivery to the purchasers at 2:15 P.M. Every craning neck in customers' rooms, every visitor in the packed galleries of the Stock Exchange, knew that General Electric Co., Westinghouse Electric Co., National Bank of Pittsburgh and the famed Fisher Brothers of Detroit owned between...