Word: marketeers
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Dates: during 1930-1930
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...field chief of the General Land Office, argued that these lands contained oil worth 40 billion dollars. The Attorney General and the President retorted that "these oil shale lands have little present value" because no commercial method has yet been developed for extracting oil from shale at a reasonable market price. To this the World in turn retorted: Why, then, have big oil companies been so eager for the land ? Try and buy some now and see how "valueless...
...told him of a wonderful submarine city off the coast of Sevastopol. Russian scientists set to work soon afterward with divers and giant searchlights, found Old Chersonese 210 ft. offshore. The city stretches extensively under water, is surrounded by a semicircular wall. Divers have walked about the large paved market place, now grown over with seaweed, have seen fish swim about in the crumbling houses. So far only southern and eastern portions have been charted. Scientists think that Old Chersonese is more than 2,000 years old, was sent to the sea bottom in the great earthquakes...
...Kentucky "Inside Territory," therein sells 90% of its gasoline. Last week The Texas Corp. (on its tanks not T. C. but T. T. C.) offered 157,200 shares of its stock to acquire Indian Refining. This is an offer of about $6,288,000 against Indian Refining's market value of about...
Last week bankers won a long-sought victory. Henceforth they will report to the Federal Reserve their condition not as of the close of business Tuesday and Friday, but as of the opening. Thus the uncertainty will be removed, economies effected, the money market stabilized...
Almost out of a clear sky came the clouds that massed over the Van Sweringen pyramid. Principal Van Sweringen stocks and bonds in one day suffered the following losses, especially drastic since the market as a whole was strong...