Word: steeling
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...with a reappearance of a demand for higher wages. But even under slightly higher wage and material costs it is apparent that the " building boom " is going to continue well into 1924 and probably even longer. This will in turn serve as a back log for the iron and steel, lumber, cement and brick industries, and furnish much traffic for the railways...
...recent optimism so frequently expressed concerning the steel industry is relatively, if not absolutely, borne out by current figures of production and prices. Declines in production during October amounted to only 1% in ingot output, and to only 2½% in pig-iron production. Actual tonnage during October was slightly greater than during the preceding September, but this was due to the greater number of working days in the former month. Prices in the eastern section have remained steady at previously established low levels, while slight declines have occurred in the western and southern fields...
Lieutenants Steel and Hunt of the Army performed one of the most difficult of maneuvers, flying with wings vertical for some distance, with the fuselage supplying the lift instead of the wings-a feat only possible at the tremendous speed of the modern airplane...
Then came the turn. Late one afternoon, U. S. Steel revealed a fine quarterly statement, declared an extra dividend of ¼. Next morning, by curious coincidence ? if it was a coincidence ? the redoubtable Jesse L. Livermore announced, apropos of nothing in particular, that he had turned bullish, that with agricultural recovery and a Euro pean settlement near at hand profits lay on the buying side, and that next year should be prosperous without becoming a boom. Stock prices soared. Can rose 5? that day, Baldwin 5½, Studebaker 5?, Steel 5?, with lesser advances throughout the list, even among...
...split Wall Street into two schools of thought. One declared its belief that the turn had come, and that pessimistic predictions regarding 1924 had been overdone. The other, bearish to begin with, continued in that frame of mind; it viewed with cynical suspicion the remarkable coincidence of the extra Steel dividend, Judge Gary's cheerful prophecies, Broker Livermore's equally cheerful pronouncement, the upward rush in the price of the four present leading speculative stocks...