Word: phelpses
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Dates: during 1940-1949
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Thomas W. Phelps, a partner in Francis I. du Pont & Co. and one of Wall Street's leading exponents of the famed Dow theory, voiced the most prevalent view. Said Tom Phelps: "Many Americans, despite their dislike of Communism, lack enough faith in capitalism to risk their money on...
Remnants. Analyst Phelps had made the understatement of the week. The gap between stock prices and stock earnings had narrowed to the point where the stockmarket seemed like a bargain basement. But even the hand-me-down prices were not tempting enough to investors.
In 1945 came "the catastrophe of success"-Broadway's delight over The Glass Menagerie. Tennessee Williams (a name he had substituted for his real one, Thomas Lanier Williams, which "sounded too much like William Lyon Phelps") suddenly felt like "a sword cutting daisies" and hurried off to Mexico to...
Outlanders In. Formed by New York's Ladenburg Thalmann & Co., and Lazard Frères & Co. (Phelps Dodge's Louis Gates, and David Rockefeller, youngest son of John D. Rockefeller Jr., came in later), American Anglo had an option to buy a one-third interest in any projects...
*Not to be confused with General Motors' President Charles Erwin Wilson. Other members: Lever Bros.' Charles Luckman, C.I.O.'s James B. Carey, A.F.L.'s Boris Shishkin, College Presidents John S. Dickey of Dartmouth and Frank P. Graham of the University of North Carolina, ex-Assistant City...