Word: stockmarket
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...frittered away $1,360,000. This was evident last week when the company announced that $10,839,700 of the $234,000,000 bond issue went unsubscribed. Since it took eight rights to buy each $100 bond, 867,176 rights expired unused. They were worth $1.57 each on the stockmarket...
Died. Professor Ellwood Patterson Cubberley, 73, of Stanford, one of the few college professors who ever accumulated a fortune; in San Francisco. Emeritus dean of the School of Education, he invested royalties from his numerous textbooks in the stockmarket, grew affluent enough by 1937 to give Stanford a new $575,000 building...
...shine shoes and peddle newspapers for a living, got into real estate in 1919 as an office boy. His only departure from the Alger script was in the lush '20s: "I made plenty of dough but I spent it-while the other boys were losing theirs in the stockmarket." When he went into business for himself in 1930 he didn't have a dime. He rented a $45-a-month office, got $1,500 worth of credit from a sign-painting company, talked himself into managing properties that had been hard hit by depression. In the first year...
...Tokyo stockmarket collapsed in a near-panic this week. But Finance Minister Masatsune Ogura betrayed no alarm. He said that Japan's answer to the democratic gun would be to "push ahead" with its plans for imperial self-sufficiency in Asia-or, as he called it, a "Greater East Asia co-prosperity sphere." Theoretically, the conquest of the South China Sea would give Japan almost all the raw materials she needs. But actually, it would...
...into a single body with the Bank of Japan as the nucleus. Private financing will be forbidden. A semi-compulsory national-savings plan will be inaugurated. Control of stock exchanges and money markets will be tightened. Available capital will be allocated "rationally" by the Government. At this news the Stockmarket went from a sag into a slump...