Word: stockmarket
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Even after allowing for his charities (including a $2,000,000 endowment for Pennsylvania's Saint Francis College) and his expensive tastes, it was still hard to figure what had happened to his fortune. Most likely guess: it disappeared in the stockmarket crashes of 1929 and 1937. Whatever the reason, Charles Schwab had left no more to his heirs than if he had kept working at the $1-a-day job in which he entered the steel business...
With stock yields near a record high, bond yields are scraping an all-time bot tom. Treasury bonds-haven of many a former stockmarket dollar-yield less than 2% compared with 3.6% in 1929, a 5% peak after World War I. Top-flight industrial liens yield only 2.3%, half the 1929 rate. Biggest mystery in Wall Street is why investors will grab the bond of a Government-harassed utility paying $30 on a $1,000 investment, but close tight their checkbooks on Chrysler common, which returns $60 a year on exactly the same outlay...
...consultation with the editors by E. W. Axe & Co. Inc., well-known statistical and investment advisory firm, which assembles up-to-date data in more than 2,500 different statistical fields. These range from a monthly series on business activity in Japan to weekly series on call money rates, stockmarket averages and the price of hides. From this vast statistical storehouse, TIME will select each week or so whichever chart is of special interest in the light of the week's news. This week, for example, TIME prints (in addition to its new production index) a graph...
...stockmarket...
This righteous and easy life did not satisfy Boltz. He discovered the stockmarket, and, in the '20s, made money at it. Soon he began to tell his friends about his North America Investment Fund, Inc., of his success in increasing its original $100,000 assets to over $1,000,000 by 1929. They bought $165,000 worth of its preferred stock. The common was good for loans from conservative National Bank of Germantown & Trust Co., from big, respectable Philadelphia National Bank...