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...level was established by the Reserve Board in February 1936 when the Dow-Jones industrial averages stood at a healthy 147 and Chairman Marriner Stoddard Eccles detected a tendency for brokers' loans to mushroom. Since then the Dow-Jones industrial averages have risen slowly to 194.40, and fallen sharply back to an unhealthy 125.73. By last week, the contraction of prices had reduced the equity of so many traders below 55% that, according to Frazier Jelke & Co., at least half the margin accounts were "restricted" (i.e., not eligible for new transactions which would increase the margin deficiency...

Author: /time Magazine | Title: Business: 40% Bulls & 50% Bears | 11/8/1937 | See Source »

...called" by the Church as a missionary for two years' service is an honor which pious Mormons hardly ever refuse. Such saints as Reed Smoot and Marriner Stoddard Eccles are proud to have done missionary work without pay. There are today some 2,000 picked Mormon missionaries working in 23 countries, always traveling in pairs of which the more experienced is the "Senior Companion." A Mormon salestalk emphasizes the practicality of Mormonism, its orthodox belief in God and Jesus Christ, its healthiness with its teachings against alcohol, tobacco, tea & coffee, "refined foods." Once convinced by a missionary that "silly...

Author: /time Magazine | Title: Religion: Mormons, Money, Missions | 10/4/1937 | See Source »

Married. Eleanor May Eccles, 21, daughter of Federal Reserve Board Governor Marriner Stoddard Eccles; to Harold J. Steele, of Washington, D. C.; in Ogden, Utah...

Author: /time Magazine | Title: Milestones, Sep. 13, 1937 | 9/13/1937 | See Source »

Leading Maine wormster is tall, shrill, husky Kenneth Ely Stoddard, 24, who began digging worms five years ago when he was broke and could get no other job. Now he employs 44 diggers and one packer at Boothbay harbor, supplies nearly half the total market. Because mud is a worm's fighting element, Stoddard worms are dropped in buckets of fresh salt water and kept swimming to prevent them from killing each other off before shipment. They are packed on layers of seaweed in small hampers, 100 worms to the hamper with five thrown in "to take care...

Author: /time Magazine | Title: Business: Worms | 7/12/1937 | See Source »

holding down the number four position after spending most of last season on the Jayvee crew. Two other remaining veterans in the Orange and Black crew are Grant Armstrong and Brooke Stoddard. Cox Bill Hopkins, Tom McMillan, Bill Coors, Haaxhurst and Kinney complete the roster of a boat composed entirely of Seniors and Juniors...

Author: NO WRITER ATTRIBUTED | Title: Relay Carnival Here; Crew Favored Over Tigers | 4/24/1937 | See Source »

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