Word: stockmarket
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...crudest practical-joker among U. S. tycoons) again faced a circle of investigating Senators who wanted to know why the chairman of a competing oil company later merged with Sinclair Consolidated, had received a 2½% cut in the $12,000,000 profits of the 1928-29 Sinclair stockmarket pool. Prairie Oil's William Samuel Fitzpatrick had not been a syndicate member and the pool's manager Arthur Cutten had been able to shed no light on the transaction (TIME, Nov. 20). Haggard from a recent illness, Harry Sinclair resignedly puffed a black stogy, warily eyed Inquisitor Pecora...
...World Changes (Warner). In the list of Hollywood indispensables, the date of Oct. 24, 1929 ranks high. The stockmarket crash is to unhappy endings what the NRA has recently become to conclusions of regeneration, and it has never had more disastrous consequences than it does upon the Nordholm family in this picture. Granddaughter Nordholm is left waiting at the church. Her brother, bothered about stealing money to play the market, takes ship for South America. His father commits suicide because he learns that his wife is misbehaving. Mean Mrs. Nordholm calls up her lover but he is too distressed...
...stock company production, had to overcome Manhattan audiences' familiarity with too many identical predecessors. Situation: a slovenly Baltimore family with one respectable relative are happily starving and avoiding the eye of Work. Plot: a daughter gets an Italian count and the uncle gets $25,000 in the stockmarket. Then they lose the $25,000 in the stockmarket and the count is suspected of being a fake, writing a bad check, stealing the engagement pin he has given his fiancée and running away in a stolen car. In a weak third act he returns to disprove all charges...
...banks . . . were wrecked by the philosophy that money in the hands of the masses was a menace," shouted Detroit's spellbinding radio priest, Father Charles Edward Coughlin, testifying before Judge Harry B. Keidan, the one-man grand jury. "These white-carnation bankers and stockmarket gamblers were not to blame. They had been brought up in the school of Ricardo*; and John Stuart Mill and more latterly, Mr. Herbert Hoover." Father Coughlin was putting on a one-man show for the one-man jury. Much to the delight of a hot pack of Detroiters who squeezed into the courtroom...
...interest. Observers believed that the Government , thwarted by a jury in its effort to collect back taxes from Banker Charles Edwin Mitchell, was now abandoning criminal prosecution in income tax cases, would henceforth stick to civil action. ¶ Of all the many millionaires who lost fortunes in the 1929 stockmarket crash none has been more eager to admit it than Funnyman Eddie Cantor. In 20 days he lost the $2,000,000 that it had taken him 20 years to save. Recouping in part by sales of 'his book Caught Short, he described himself...