Word: wall
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Dates: during 1950-1959
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...Communist John Santo, once an officer of the C.I.O. Transport Workers Union, who sailed from the U.S. in 1949 to escape deportation. Before he departed for Hungary, where he became a government official, Santo had hurled a final diatribe: "Rulers" are riding the American people to the profit of Wall Street, using "labor lackeys and traitor agents" to "turn back the tide of history." Escaping Hungary Santo told New York Herald Tribune Correspondent Barrett McGurn that he hoped for "asylum in my own country -America" where he would "take my chances with the American system." No longer was he worried...
Will the tight money market get tighter still? Last week, Wall Street apparently feared that it would, and that worry, plus year-end tax selling and the Suez crisis (see below), sent stocks on the Dow-Jones industrial average edging down to 472.56, nearly 50 points off the peak last April. The tip-off to Wall Street was the U.S. Treasury's action: it had to offer an interest rate of 3.043% to sell $1.6 billion worth of 90-day bills, a rate slightly higher than the Federal Reserve's 3% rediscount rate. Traditionally, when the Treasury rate...
...main worry of Wall Street-and many an individual businessman-was that increasingly tight money might pinch off business expansion. Thus far, the future still looks bright. The Commerce and Labor Departments estimated last week that a record $44.1 billion will go for new construction this year, another record $46.4 billion in 1957. But home building has already been hard hit by the money shortage. Home building is down to an estimated 1.1 million units this year with 1957 estimates lower. To bolster the market, Housing Administrator Albert Cole hopes to get increased lending power for the Federal National Mortgage...
...community such as Harvard this late mail is more serious than it might be in other areas. The Superintendent at the Central Square office points out that for every one Wall Street Journal delivered in his own district (Cambridge 39) four are delivered in the Harvard Square area, and a corresponding figure is shown on several other publications which come daily from New York, with an obvious time value. The problem is a considerable one from both the post office's and the public's point of view, but there appears to be no ready solution which might come about...
White currently heads White, Weld & Company, a New York investment house which was founded by his grandfather and grand-uncle in 1837. One of the nation's most conservative and powerful underwriting firms, White, Weld employs more than 500 workers, including 23 partners, in its Wall Street offices. "Alec" White, a tall man with long-fingered hands that gesture as he speaks, became a managing partner in 1929, when his father's illness forced him to "back into the family firm...