Word: walle
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...years had Wall Street seen so many bears. They were counted officially last week in the New York Stock Exchange's monthly report on the "short interest"-i.e., the number of shares sold short against an anticipated decline. By mid-May, the short interest had risen 130,058 in a month to 1,628,551 shares, the biggest total since the bank panic of February 1933, when it reached a peak of 1,894,632 shares (but far below the record high...
...market gave the bears some mild encouragement; the Dow-Jones industrial average closed last week at 173.49. off 1.71 points. Did the big rise in "shorts" mean that the market was likely to keep on going down? Paradoxically, many Wall Streeters thought it meant just the opposite. They argued that any rise would scare the bears into "covering" (i.e., buy in the stocks they sold short), thus give the market an added boost. On the other hand, if the market dropped further, the bears would also buy so they could take their profits, thus check the drop...
...softball game between two inmate teams at Massachusetts' Plymouth county jail, the ball was belted over the wall. Unwilling to hold up the game, good-natured Guard Robert Woodward opened the gate so that a trusty could retrieve it, whereupon four prisoners knocked him down and escaped...
There was other good news. The elite of Kabuto Cho, Tokyo's Wall Street, met at the Tokyo stock exchange, wearing their best pin-striped trousers and their warmest smiles. There was some happy oratory. One speaker exclaimed: "The blossoms are opening;" the meeting's chairman called for a teuchi shiki (an old Japanese ceremony of congratulations). The assembled bankers and brokers solemnly rose and clapped their hands in unison, 13 times. Then they adjourned for a buffet lunch of roast beef, beer and strawberry shortcake...
Come fine weather, Harvard's lustiest lungs will gather on Widener's steps again to ripple the ivy on the library's wall with their stentorian basses. G. Wallace Woodworth '24 will conduct the Glee Club with the assistance of William F. Russell...