Word: blue-chip
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Dates: during 1930-1930
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...this figure 25,000 shares were sold in a single $3,000,000 transaction, but even indirect evidence that J. P. Morgan & Co. was buying failed to halt the decline. When Mr. Whitney was obliged to announce the Prince & Whitely failure from the floor of the exchange, many a blue-chip sank below its 1929 bottom. Traders noted these prices...
...world's largest fur organization, has usually reaped big profits from pelt operations extending around the world. Last fall, however, when stocks crashed the fur market had its most violent decline in history, average drops ranging from 30% to 50%. The only skins unaffected were such blue-chip staples as the very fine white, silver, and cross fox, Russian sable, fisher. The cheap but U. S. favored raccoon temporarily maintained prices because of seasonal demand. Eitingon Schild's inventories had to be written down, and it did not seem likely that dividends on the 6½% convertible preferred...