Word: yorke
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Dates: during 1930-1939
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Eastern's system would be a magnificent addition to Transcontinental & Western Air, whose slim East-West line from New York to Los Angeles needs North-South feeders. Last month, therefore, John Hertz and his associates in Lehman Brothers offered to buy it for $3,250,000 ($1,000,000 cash, rest in notes). It so happens that North American Aviation is controlled by General Motors Corp. through ownership of nearly 30% of its stock. The various Hertz truck and bus lines are General Motors' valued customers and shrewd Financier Hertz knew G. M. would think twice before snubbing...
...floor of the New York Stock Exchange one morning this week the gong bonged as usual at 10 a. m., opening the day's trading. Slowly the ticker tapped out the first sale-100 shares of Lehman Corp. at $25.50 per share. The market was dull. Suddenly the bell rang again, bringing trading to a sharp halt. As a man the hushed brokers turned toward the rostrum to hear an astounding announcement: the firm of Richard Whitney & Co. was unable to meet its obligations...
Just what brought failure to Richard Whitney was not disclosed. It was reported that the firm was heavily involved in Philippine Railway bonds, in cheap railway stocks, in a Curb issue called Distilled Liquors. Meantime the Stock Exchange scheduled a hearing next fortnight, the New York Attorney General launched an investigation, and Richard Whitney & Co. filed a voluntary petition in bankruptcy in Federal court, listing debts of "more than...
...rainy season-what, for Equatorial Africa, amounted to a drought. Cocoa went up again. The natives, reflecting on the simplicity of economics, easily perceived that the less cocoa went to market, the higher went its price. For one wild day last year the spot price on the New York Cocoa Exchange was 13? a pound...
...John Greenleaf Whittier, then 85. Despite illness, an operation, a nervous attack, Harriet Monroe finished her ode in time, demanded and received $1,000 for it, had the satisfaction of hearing it read before an audience of 120,000, its chorus sung by 5,000 voices. Because the New York World published it without permission before the reading, she sued the paper, won $5,000 more. But her verse plays were unsuccessful, her travels-to Arizona, London, around the world-gave her interests but not inspiration. She did not find that until she started Poetry...