Word: 20s
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...Murray Hill did more than preserve the feeling of an era; it reflected the trends and changes in U.S. tastes in real estate. It was built for $1,000,000. Ben Bates bought it in 1910 for $1,796,500. In the booming '20s he turned down $6,500,000 for his palace. Today it is assessed at $3,200,000. Last week's sales price...
...20s. On the strength of its war record the firm of Morgan bestrode the postwar world. Between Jan. 1, 1920 and Dec. 15, 1931, the firm floated 39 separate issues for Argentina, Australia, Belgium, Canada and other countries, totaling $1.8 billions, on which the firm made a net of about $9.5 millions. In addition it arranged $68,000,000 of loans for foreign corporations. Yet even at the very pit of the depression these loans stood up with remarkable strength. By 1933 40% of them had been redeemed or retired, 33% of them were selling above the offering price...
Domestically the record of the firm was also strong: few of its railroad, public utility or industrial bonds ever defaulted. The heart of the great prosperity of the '20s, in which the national income pushed up from $66 billions in 1919 to $83 billions in 1929, was based on a strong private capital market in which the Morgan firm led. But in the end The Corner was sucked into dabbling in the stocks of holding companies such as Standard Brands, United Corp. and the hapless Alleghany Corp. Though the Federal Reserve authorities were to blame in not clamping down...
...Kenney sent in his flyers for the final blow. Low-flying Havocs (A-20s) struck first. Fortresses returned with more 1,000-lb. bombs. Three] minutes later Mitchells roared down to machine-gun the battered, burning ships. Lightning fighters darted at a cloud of Zeros. A new wave of Fortresses came over, low. Flame cloaked a destroyer. A 5,000-ton merchantman burst open. Four others were hit. Low-flying fighters turned lifeboats towed by motor barges, and packed with Jap survivors, into bloody sieves. Loosed on the Japs was the same ferocity which they had often displayed. This time...
...Signal-Caller. But this is more than a big aircraft merger-it is the successful conclusion of one of the boldest financial plans since the merger-crazy '20s. The planner: resourceful Victor Emanuel, a fast-moving financial quarterback who bosses the rambling Aviation Corp. The plan: expand Aviation Corp. from an overweight aviation holding company into a General Motors...