Word: weeks
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Dates: during 1920-1929
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...saying that great emergencies produce men who are competent to deal with them" began a resolution adopted last week by the Governing Committee of the New York Stock Exchange. The "emergency" was of course the October-November break. The man was Richard Whitney, vice president of the Exchange, acting as president while E. H. H. Simmons was honeymooning. Whitney qualities praised in the resolution were "courage, resourcefulness, and sound judgment . . . rare qualities of leadership." Oldsters, saying this was the first instance of personal praise by the Committee, wagered Mr. Whitney will be elected president of the Exchange next May. President...
After every financial crisis, curious eyes turn toward the luxury trades. Last week, many eyes turned toward diamonds. Sardonically, they noted the following developments in three great world diamond centres...
...Amsterdam, buyers deserted the Tulpstrat and the Saphartistraat, famed centres of diamond cutting; the Dutch Diamond Association voted to reduce working days from six to three a week, from...
...London, the Diamond Syndicate, source of over 90% of all gem diamonds, announced that it would for the time being suspend all offers of raw diamonds to the trade.* Observers sensed, in last week's announcement, the wily hand of Solly Joel, London tycoon and onetime South African miner, potent in Syndicate circles...
...When railroads use freight cars belonging to other lines, they pay $1 per day. Last week the Boston & Maine purchased 2,000 new box cars, costing $5,000,000, from the Mellons' Standard Steel Car Co. Unique in the deal was the fact that the B. & M. will pay in daily installments of $1 on each car plus 5% on the unpaid balance...