Word: walls
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Dates: during 1930-1939
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Oldest, commonest indicator of the state of U. S. business is the price of stocks on the New York Stock Exchange. But while that curve produced at No. 11 Wall Street is almost always eventually right as to trend, at any given moment it is frequently apt to be wrong as a "state of-business" indicator. For stock prices have always had a high emotional content, are given to excesses of excitement or complacency...
...Harrison Williams emerged from an Ohio bicycle factory to try his hand in Wall Street. In 1906 he helped splice a group of Midwest and Southern utilities into American Gas & Electric Co., six years later created another holding company, Central States Electric Corp. Central States presently got working control of North American Co., itself a utility holding company, whose total assets today are $900,000,000. By 1924 Mr. Williams held 96% of Central States' stock. By 1929 its shares had been split 60-for-1, the value of a single original share had risen from...
...Hahn estimated the force of his explosion at 200,000,000 volts. There was no audible or visible violence, for the reason that the total quantity of energy released was not enough to knock a fly off the wall. It was a terrific explosion on a microcosmic scale. Enormous voltages impressed on sub-atomic particles will accelerate them to enormous speeds, but they are so infinitesimally small that the quantity of energy is negligible by ordinary standards.* But in the atomic world a force of 200,000,000 volts has hitherto been recorded only in cosmic ray showers, never...
...sold working control in Bancamerica-Blair to San Francisco Financier Ashby Oliver Stewart, who is now chairman of the board (TIME, Dec. 26). Obvious choice as active head of the firm was hard-working Hearn Streat, not only the employe with the longest service but credited in Wall Street as the underwriter with the widest acquaintance in the business. Last week he became vice chairman of the board and chairman of the executive committee. Simultaneously, Bancamerica-Blair resumed (subject to stockholders' approval) its maiden name of Blair...
...dogfight has raged between the potent Guaranty Trust Co. and a group of tyro financiers headed by Robert R. Young. Chief bone of contention has been Chesapeake Corp., the holding company created by the Van Sweringen brothers to acquire a 51% interest in the C. & 0. Last week, as Wall Street had long anticipated, the bone was finally buried-in Guaranty's yard...