Word: walling
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Dates: during 1930-1939
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...crippled children and aged poor. For this foundation, the $300,000 mausoleum will be the architectural centre. It was reported last week that as soon as workmen finish waterproofing the vaults, Jessie Ball du Pont, A. I.'s widow, may have a section of Nemours' high wall knocked down to allow public inspection of the tomb...
Commentators generally passed this off as a "technical correction," Wall Street's way of saying that prices which had gone ahead faster than Recovery were dropping back to fall in line with the industrial trend. Meanwhile, business indices indicated no serious relapse into Depression. Steel production last week was still about 40% of capacity; carloadings were down 8% from the previous week; automobile output at 13,790 units was the year's lowest. Counterbalancing such statistics, power production climbed to the highest point since January, bank debits rose 10%. Detroit wires hummed with thousands of telegrams ordering laid...
...stockmarket reaction whose appearance Wall Street had been waiting for last week blithely appeared. After a fortnight's drifting at about the same level, on volume about half that of booming June and July, prices dropped for six successive days. At week's end all gains since July 2 had been erased; from the August 6 recovery high of 145.67, Dow-Jones industrial averages plopped...
...does not smoke, drink, gamble. Nor does he dance on Sundays. His dancing is bad anyway, so no one misses it, but the few girls he has been known to take out have found him too earnest for their taste. Dull he may be to debutantes, but Wall Street finds him vastly interesting...
...agreement. Soon to be broached to the Exchange, therefore, are: 1) a depository for customers' funds now kept helter-skelter in brokerage houses; 2) a trial segregation of broker-dealer functions; 3) assumption by the Exchange of full policing duties so that SEC will not have to patrol Wall Street; 4) plans for increasing the volume of bond trading on the floor; 5) possible rearrangement of commissions. So long as the market continues to climb, these or any other reforms should not be difficult. If the market crashes, Martin expects to be the goat...