Word: wente
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Dates: during 1940-1949
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That was too much for six Flora businessmen. They organized a syndicate to buy up the mortgage on Crowder's newspaper plant. When Crowder went to the bank with $800 in back payments, he learned that his mortgage had been sold for $8,500 to "my worst enemies." The syndicate, headed by Oilman E. D. Given, promptly slapped a judgment on Crowder's property, and the sheriff tried to seize the press...
...Publisher. Mrs. Roosevelt found there were new worries. The President was soon so preoccupied with national problems, said she, that he had scant time for the troubles of his sons. They discovered, to their resentment, that even they had to make appointments to see him. One of them who went to his father for advice was startled to have the President hand him a paper and say: "This is a most important document. I should like to have your opinion on it." The indignant son told his mother: "Never again will I try to talk to father about anything personal...
Before the opening day was over, a flood of selling orders (1,236,840 shares) struck the already ailing market its worst blow of the year. Out of 1,084 issues traded, 877 went down, breaking anywhere from ⅛ to 5 points. U.S. Steel sank to its lowest price in two years. The Dow-Jones average of industrial stocks broke 3.17 points. Next day it went on down to 166.53, the lowest since March...
...face of this optimism, some Wall Streeters wondered if the market might not have oversold its pessimism. Investors had not paid much attention to record profits in the last two years, because a large percentage of the profit went for company expansion instead of dividends. Now, as expansion programs were completed, more & more companies were boosting their dividends. And rising dividends, as Barren's financial weekly pointed out, "are hardly the hallmark of a deep depression...
...long and often stormy banking & business career, big, bull-necked old A. P. Giannini had retired officially at least three times. But he had too much energy to sit still; unofficially he went right on working so hard at his Bank of America that friends knew there was only one way he would really retire. A month ago, as he passed his 79th birthday, A.P. confided to a reporter that it would be his last. A.P., who had been right so many times before, was right this time...