Word: walls
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Dates: during 1930-1939
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...Lockheed Electro. last week three days after reaching Croydon. Flying blind most of the way over the ocean, Merrill & Lambie dropped down at Squantum, Mass., to check their gas supply, immediately dashed on to Floyd Bennett Field, which they reached 24 hr., 22 min. after leaving Southport. Their backer, Wall Street Operator Ben Smith who incorporated under the extraordinary title "Anglo-American Good-Will Coronation Flight Corp.," at once set about selling his exclusive set of pictures to U. S. magazines and newspapers at fat prices (see p. 17). To Flyers Merrill & Lambie will go 90% of the proceeds...
...Treasurer of the U. S.; of pneumonia, following a lung operation; in Rochester, Minn. At the 1912 Democratic National Convention he was runner-up to the late Thomas R. Marshall for the Vice Presidential nomination. In 1922 he entered partnership with Louis M. Kardos Jr. in a Wall Street brokerage firm which soon failed, was exposed as a "bucket shop." Admitting that he had received $500 a week for the use of his name as "window dressing," "Honest John" Burke surrendered all he had, returned to Fargo penniless...
Having watched the stockmarket hit its fourth bottom without a heartening rally last week, Wall Street began to lift an anxious eye to the general business picture. Was the stockmarket forecasting another slump? Pooh-poohing the "harvest of gloomy warnings," Cleveland Trust Co.'s Leonard P. Ayres observed last week: "The declines in stock, bond and commodity prices are not astonishing. They were all overdue, for prices had been marked up overly fast by speculation. . . . Probably the chief cause of our worries is that most of us have forgotten that even during recoveries there are no such things...
Whatever the precise percentage of selling attributable to Europe, it was clear that the pricking of the London speculative bubble had caused a wholesale dumping of U. S. securities. For once Wall Street had to admit that Franklin D. Roosevelt had been right-in his forebodings about foreign "hot money" (TIME...
...bright are agricultural prospects that farm buying has been suggested as the fillip that might lift industry out of a mid-summer slump. Even Wall Street's gloomsters do not seriously believe that Recovery has run its full course. At worst they expect a normal summer lull to develop into a temporary business recession...