Word: booming
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Dates: during 1930-1939
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Atlanta also has the fabulous Candlers (Coca-Cola); the Grays, who last week sold the venerable Journal (see p. 35); James H. Nunnally (candy) and Steve Lynch, who took fortunes out of Florida's real-estate boom; John K. Ottley and Thomas K. Glenn (banking); Southern Railway's Vice President Robert Baker ("Bob") Pegram 3rd, who is the city's No. 1 railroader. These and their kind once would have lived on Peachtree Street (where dogwood blooms in the spring, but there are no peach trees). Now most of the rich live in lush Druid Hills...
...burning of Atlanta, the great "boom" shots of the Confederate wounded lying in the streets and the hospital after the Battle of Atlanta are spectacle enough for any picture, and unequaled...
...fabricators like to buy for future use in hope of inventory profits. Last week's cotton buying was paralleled by a rush to buy cotton grey goods: sales, 100,000,000 yards, up 80,000,000. This piling up of inventories is a gamble that retail sales will boom before production declines under inventory pressure. But there was an additional reason for textile activity: England, needing burlap for sandbags, has virtually cleaned out the Calcutta market since the outbreak of war with orders so far totaling 1,000,000,000 bags. The price of raw material for burlap...
Trade centre turnover did virtually the reverse; prewar, in mid August it climbed to a peak slightly higher than in January. Threat of war sent it skidding. Then during the "war boom" in production, it fluctuated vigorously without making headway and did not equal its prewar peak till mid November-an indication that during this period the volume of transactions in these centres just about kept pace with proportional increase in inventories...
...great boom had given Associated a few more palmy years, it might have succeeded in merging with another $1,000,000,000 system, Standard Gas and Electric Co. Standard runs 26 operating utilities, among them Pittsburgh's large Duquesne Light Co. and Wisconsin Public Service Co. For years Standard was controlled by Chicago's private utility bankers, H. M. Byllesby and Co. Nowadays, Byllesby plays second fiddle in Standard to Manhattan's up-&-coming, bargain-hunting Syndicateer Victor Emmanuel...