Word: tradings
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Dates: during 1930-1939
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Intended in part as a tribute to London's late great Dr. Thomas John Barnardo, who started his famed trade schools for orphans in 1867, Lord Jeff picks up the history of young Geoffrey Braemer (Bartholomew) at the moment when he is caught acting as a blind for two daring jewel thieves who have made themselves his guardians. Russell-Cotes School, to which Geoffrey is remanded in lieu of the reformatory, is a naval training institution which seems to be a model of its kind, with good-hearted Herbert Mundin to teach the boys sailors' knots and coach...
Month ago, financial writer and Lecturer L. Merle Hostetler decided that business men's "confidential" news letters were too gloomy, began experimenting with a letter of his own "openly and avowedly a resume of only the favorable features in the outlook for trade, industry and finance." Result was Hostetler's Good News Letter. With a suddenly bullish stockmarket. Good News had plenty of good news for this week...
...this news was another aspect of the reduction: prices at Big Steel's Birmingham and Chicago plants were for the first time lowered to the Pittsburgh level. Announced reason for the change: "Increased production facilities and greater diversification of products" in these two steel centres. To the steel trade, however, it meant that Big Steel, sniped at by non-union independents since it made a wage contract with C.I.O. and pinched by their price concessions had finally abandoned its long time policy of playing ball, was going to squeeze them a little, possibly gaining in competitive advantage something...
...manufactured by virtually the standard process used by all the big popular brands-Turkish and U. S. tobaccos are mixed, sprayed with a special flavoring formula which gives each brand its own particular taste. Since taste is a big selling point, each brand's flavoring mixture is a trade secret, but the basis for all flavoring is rum. Only other ingredient cigaret companies reveal is a hygroscopic agent mixed with the tobacco to attract moisture. In most cigarets the hygroscopic agent is glycerin; Philip Morris uses diethylene glycol. The result, it claims, with substantiation from many a doctor...
...Virginia gentleman, George Washington, with large landed interests on both sides of the Alleghenies, began urging the construction of a canal to link the Atlantic seaboard with the trading centres of the Ohio valley. Though the need for trade routes was obvious, engineers sneered at such an undertaking, and the plan was forgotten. Half a century later, the Chesapeake & Ohio Canal Co. was founded, and in 1850 an $11,500,000, 184-mile canal between Georgetown, D. C. and Cumberland, Md. was opened. For 73 years hundreds of coal barges plied between the mouth of the Potomac and mining towns...