Word: stockmarket
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...have been invited to create a temporary organization . . . to counter act the effect of the recent panic in the stockmarket. . . . The cure for such storms is action. . . . No movement to reduce wages. . . . The greatest tool of stability is construction and maintenance work. The improvements and betterments and general cleanup of plants. . . . All of these efforts have one end-to assure employment. . . . A great responsibility rests upon the whole people. I have no desire to preach. I may, however, mention one good old word-work...
...place. Last summer Mr. Fox, injured in an automobile accident (TIME, July 29), was away from his office for almost two months. When he recovered he scarcely had time to start his plan with an attempt to distribute Fox Theatres stock to his patrons (TIME, Oct. 21) before the stockmarket crashed...
...motion picture companies stockmarket breaks do not mean diminished profits, for like tobacco companies they are "depression proof." But at this particular time the stockmarket decline brought severe trouble to Cineman Fox. During the recent period of expansion he had needed great sums of cash. These he had obtained by short-term loans upon the stock of acquired companies. With $91,000,000 of these notes falling due, with his collateral down, with conditions bad for refinancing, Cineman Fox for the first time needed assistance. Last week he summoned aid by appointing a trustee-triumvirate consisting of himself, a banker...
Wall Street (Columbia). Spectators who wonder whether the timeliness of this film's background?a stockmarket panic?is the result of extraordinary financial foresight or extraordinary speed in production should be informed that it is simply luck. In plot and characters Wall Street is less lucky. It presents the fundamentally interesting but familiar and clumsily treated situation of an iron-sinewed, low-born trader who is in love with a beautiful, cultured woman. Ralph Ince and Aileen Pringle do as well as they can in these parts. Silliest shot: a ruined speculator committing suicide by jumping through an office window...
...Many a citizen wondered whether the Lobby Committee had not transgressed even senatorial privilege when it examined another potent Eastern banker, Fred I. Kent, director of Bankers Trust Co. of Manhattan. In a public speech Banker Kent had blamed the Senate and the Democratic-Insurgent Republican coalition for the stockmarket break. The four members of that coalition on the Lobby Committee (Caraway, Walsh, Elaine. Borah) made for Banker Kent in rough-and-tumble fashion...