Word: walls
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Dates: during 1930-1939
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Candidate Lehman has the tacit support of Alfred Emanuel Smith. Wall Street has a kindly feeling toward him because his family controls the old banking firm of Lehman Bros. Republicans admit that he would be the hardest Democrat to beat...
...largest hydroelectric plant in the world: Dnieprostroy, built in five years at a cost of $110,000,000. Oratory was not the only thing turned on. Already in action were five of the nine great turbogenerators that will eventually produce 800,000 h.p. Water raised by the great concrete wall will make the Dnieper navigable up nearly all of its 1,400 miles. It will irrigate hundreds of thousands of acres. Workmen are hurrying to finish aluminum, steel and machine tool plants at the dam site. Soviet statisticians boast that it will serve a population...
...obtain eventual payment. Recommending the same course Banker Charles Hayden of Hayden, Stone & Co. formed a protective committee for another note issue due in October. Both committees requested deposits of notes so that holders could be directly represented in unification negotiations. Though the two issues totaled $42,000,000 Wall Street felt at the time that the committees would extend them, thus avoiding receivership...
...profit (TIME. June 13). Its formation marked the turn in the bondmarket. Officered by Morgan Partners Thomas William Lament and George Whitney as president and board chairman, A. S. I. C. has called for only $10,000,000 of its subscribed $100,000,000. Even on that sum Wall Street thinks it must have rolled up a fat profit. A boiling bond- market last week brought the Dow-Jones averages 24% above their June lows. Nu merous second-and third-grade issues have registered gains that shame the performances of shares on the Stock Exchange...
...deal for William Fox. Natty, chipmunkish Fixer Blumenthal boasts that after months of dickering he was finally able to close the deal because he correctly interpreted scraps of a conversation he overheard between two foolish daughters of a cinema tycoon who did not know what they were talking about. Wall Street thinks that it was Fixer Blumenthal who arranged the compromise by which William Fox was ousted from his company (for $18,000,000 plus $500,000 annually for five years) in favor of the bankers. The Press knows him as a good friend of Mayor James John ("Jimmy") Walker...