Word: stockings
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Dates: during 1920-1929
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...badly. Six hours ahead of New York, Friday's market at Amsterdam had opened with U. S. Steel plunging downward. To add to the threat of another Black Friday*; was the fact that brokers loans reached a new all time high, over six billion dollars. At the New York Stock Exchange, the gallery was packed with spectators by 9:30 a.m. Five minutes before the opening the ticker flashed: "The floor is filled with sellers...
When the first call goes through, the event will mark not only a noteworthy technical achievement. It will be even more likely to nourish financial hopes among holders of telephone company stocks. All summer long A. T. & T. stock, usually conservative in its behavior, has been booming along in the stock market at prices up to 292, which is 23 times earnings. The hopefulness of the speculators has not been based on expected revenue from telephone conversations with Buenos Aires. The point is that A. T. & T. is in a position to take the lead in any major telephone merger...
...event that started the dream was a great communications merger in England, the formation of Cables & Wireless Ltd., the stock of which was traded in for the first time last month. Into that merger the British poured four great cable systems (including one government-owned), the government beam wireless system and the great British Marconi Co. The merger has a huge liquid capital. It owns cable and wireless systems which girdle the globe...
Alexander H. Godfrey, Boston broker, a passenger, excited himself by wirelessing a stock-purchase order...
United Aircraft & Transport, by a stock trade, last week, acquired control of Standard Steel Propeller Co., West Homestead, Pa., maker of air propellers from aluminum alloy. United Aircraft was also organizing Northrup Aviation Corp. to take over the assets of John K. Northrup's Avian Corp., which is developing a new type of all-metal plane at Los Angeles. Recently United acquired Sikorsky Aviation Corp. (amphibians) and Stearman Aircraft Co. (commercial planes), is negotiating for Douglas Aircraft Co. (sport planes...