Word: stockmarket
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Dates: during 1940-1949
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...next problem was money. Pyke solved it by studying the stockmarket, making a carefully calculated killing. This enabled him, in turn, to tackle the problem of educating his son. Since he could find no school in tune with his own ideas, he founded the Malting House School at Cambridge, a fabulous institution (annual cost per student: $4,000) where children aged four to ten were taught laboratory physics and chemistry before they could read or write. Pyke went back to the stockmarket for additional funds, but this time the professionals ganged...
...Senate, the House, President Hoover, and to Mrs. Aurora Pierce, "longtime Coolidge housekeeper" at Plymouth, Vt. She "heard a tap on the homestead window. Allen Brown, a neighbor, was outside. She raised the sash to hear him say: 'Calvin's dead, Aurora.' " TIME told how the stockmarket, shocked, had fallen and then "closed with a brief little rally -a farewell salute to the man whose name has been given to the greatest bull market in history...
...last week's showing, they could not be sure. Grain prices seemed to have found an uneasy bottom. Corn and wheat seesawed, ending the week about where they started. The stockmarket also caught its breath; trading was small and cautious. Traders, like most other businessmen, were waiting to see how severely the crash in commodities had shaken the boom. Last week, a few soft spots appeared...
Next morning the panicky selling spread to other grains, drove both wheat and corn futures down their full permissible limits (10? a bushel for wheat, 8? for corn) for the day. In New York City the stockmarket, alarmed by the tumble in grains, had its worst break since last April...
...noon, the closing gong ended the worst week the pits had seen in seven years. Cash wheat had fallen 41⅝? a bushel to $2.46½. Cash corn was down 49¾? to $2.13. In sympathetic spasms, almost every other commodity had tumbled with them. The stockmarket had steadied by week's end, but before it leveled off, the Dow-Jones industrial average had dropped 6.24 points to 168.81, lowest since June...