Word: margining
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Harvard and Yale ended their respective and respectable track season on Saturday in a blaze of mixed glory, by defeating a redoubtable Oxford and Cambridge outfit. So meagre was the American margin of victory that the sum of the meet was in the nature of an upset, an upset for the expectation of the press which backed the home team to win things easily on Soldier's Field. For it was only in the last two events that the strong English invasion was turned back, and a deadlock achieved in the number of first places scored, six for each side...
...through the plates. Built from 16 to 45 years ago, sailed on a capital representing scrap value, the ships were uninsured.† Their masters knew they could not drive them for fear of losing one of their two suits of old sails, losing all the voyage's small margin of profit. As compared to a clipper ship's one able seaman for every 100 register tons, they had one to every 1,000 register tons. Most of the crews are 17-year-old boys who want to serve in square-rigged sail, required by many governments to qualify...
...Bonds. The firm as a wholesaler of securities floats bond issues through syndicates. Because of its prestige it gets the pick of the business, the securities which are easiest to sell, of foreign governments (of England and Germany, for example), of great corporations without number. The margin of profit is small but because it gets the cream of the securities, the turnover is sure and rapid. If an issue of tens of millions can be floated over night, what if the profit is only $100,000? That is enough for a night's work...
...stock sale, Mrs. Mitchell's fortune stood at about $900,000 (having been run up from a $250,000 inheritance from her coal-dealing father). To cause her to purchase $3,800,000 of bank stock was to force upon her a huge investment with only a 25% margin -hardly, as Mr. Medalie points out, the act of a wise banker or considerate husband. If Mr. Mitchell had not repurchased the stock later, she would owe J. P. Morgan $3,000,000 today and she, as well as he, would today be ruined. Indeed, Mrs. Mitchell did not have...
...Captain J. A. Booth '33, 117; F. H. Poor '34, 109; David Weld '34, 108; Fisher Howe, III '35, 106; Eugene DuBois '33, 106. For Boston: Jansen, 108; Jones, 105; C. Hagen, 105; Mc-Laughlin, 103; Shine, 102. Early in the season B. C. defeated Harvard by a narrow margin...