Word: would
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Dates: during 1920-1929
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...became dominant in the U. S. More companies have been added constantly. Late this summer it became known that control of Kraft-Phenix had passed to Selected Industries, Inc., and affiliated investment groups. But bigger than any of these developments was an announcement last week that Kraft-Phenix would be a unit in a new food company sponsored by the National City Bank. Other companies included were Hershey Chocolate Corp. and Colgate-Palmolive-Peet Co. Combined assets of the three exceed $125,000,000, placing the new company ahead of J. P. Morgan's Standard Brands...
...Grand Central, Manhattan, Sydney Zollicoffer Mitchell dismounted from the Twentieth Century with a bad cold, went quickly to his office in the 2 Rector St. building. He telephoned a large Stock Exchange house, said he thought there would be trouble but "just call on me for anything you want." A few hours later stock of his gigantic Electric Bond & Share which had recently reached a high of 189 sold for 91. A few days later, it sold...
...More and more steel was bought, until 200,000 shares had been purchased against constantly rising quotations. Other buyers bought other pivotal stocks. In an hour General Electric was up 21 points, Montgomery Ward up 23, Radio up 16, A. T. & T. up 22. How far the market would have gone downward on its unchecked momentum is difficult to say. But brokers and traders alike agreed that the man who bid 205 for 25,000 shares of Steel had made himself a hero of a financially historic moment...
That hero, Richard Whitney, head of Richard Whitney & Co., was brother of George Whitney, Morgan Partner. Back of his action lay a noontime meeting held at No. 23 Wall St., Home of the House of Morgan. Although an excited Hearst reporter would have it that the Head of the House was present, actually, John Pierpont Morgan was in Europe. It was Partner Thomas W. Lament with whom conferred Charles E. Mitchell, National City Bank; William C. Potter, Guaranty Trust; Albert H. Wiggin, Chase National Bank; Seward Prosser, Bankers Trust. These men controlled resources of more than...
...person who once paid $50,000 for a hundred shares of Auburn Motors would have been lucky to get $15,000 for his stock on October 29th. Goldman-Sachs' famed Blue Ridge investment trust which was to share in the entire sweep of U. S. prosperity was sold at $3 per share. Dozens of stocks of huge companies sold for less than half of what somebody had once said they were worth. So nonsensical did all this seem that some brokers refused to sell out their customers even when technically they might have. But the awful expected began...