Word: walls
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Dates: during 1930-1939
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...anticipation of Secretary of Commerce Harry Hopkins' maiden speech to U. S. Business (see p.11) the New York stockmarket last week popped out of its rut. More significant was the rise in stock prices morning after the appeasement speech-indicating that Wall Street at least was impressed. So was business generally. Although the New York Sun indulged in a Tory sniff ("Honeyed words, meaning little"), most press and business comments took the charitable point of view that Secretary Hopkins really meant what he said...
...marriage of Messrs. Dahlberg, Mack and Groves was made in Wall Street, not in Heaven, but it works surpassingly well. Last week's announcement of the approaching sale, largely in Europe, of 100,000 common shares of Celotex Corp. called attention to their successful venture in corporate resuscitation...
...good reason why politically-wise Harry Hopkins made no specific suggestions in his speech was explained by the Wall Street Journal: "Various New Deal officials and agencies had squared away for an open fight on Mr. Hopkins if he stuck a critical finger publicly into their particular affairs and the Secretary was content ... to deal in generalities . . . and keep specific suggestions in reserve...
...scope. Mr. Mack is a relaxed Harvardman with intense blue eyes and nonchalance about money; he likes to consider himself a sort of clinicist for big business. Mr. Groves is a bald, shy Southerner whose financial talents have earned him several million dollars, a reputation as "silent man of Wall Street," and one Federal indictment for fraud and conspiracy...
Talented Financier Groves had popped up in Wall Street with some money he made in Baltimore, pieced together a few wobbly investment trusts under the name of Equity Corp. and sold them to David Milton, son-in-law of John D. Rockefeller Jr., for a neat profit of $750,000. After that, he bought control of Phoenix Securities Corp., an inconspicuous investment trust then worth some $4,000,000, lured young Walter Mack Jr. away from Equity Corp. to help him run it. Financier Mack comes of a wealthy family, was 1917 at Harvard, operated a cotton mill...