Word: wall
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...Share Co. (part of the so-called U. S. "Power Trust"). The Stimson-Hammond point: Let the Filipinos revise their land and corporation laws so as to permit the introduction of U. S. capital and management. Contrary to custom, even the brashest U. S. liberals were slow to cry "Wall Street" on this occasion. Reason: Statesman Stimson adroitly emphasized the truism that political independence which Filipinos so crave is nowadays synonymous with economic independence...
Greedy little boys, disturbed in a crap game by a patrolman, return deviously, cautiously, to the street corner where the game was in progress. Last week, the small operators, "piker traders," sidled back to the corner of Broad and Wall streets, Manhattan, to see if the absorbing Stock Exchange was once more safe for speculation. They watched, guessed, dabbled. The market was quiet, neither bullish nor bearish. Puzzled, the traders waited for more convincing results of the new 5% rediscount rate, wondered if the battle of the bulls and bankers were in progress, already ended, or just beginning...
...twelve regional banks. In Chicago, Minneapolis, Atlanta, sit Governors with as much authority as clothes the Governor of New York's bank. But when Benjamin Strong, lean, nervous, enters the doors of the Bank of England, or when Benjamin Strong, ill, receives the foreign chiefs in Manhattan, no Wall Streeter thinks of the quiet, unostentatious figure in the Treasury building's spacious offices. And certainly no Streeter thinks of such an untraveled, provincial person as a banker in Minneapolis, or Atlanta, or Chicago might be supposed...
...they may not expect dividends of any such size. Paternal Amadeo Peter Giannini, creator of Bancitaly, fears speculation in his stocks, dislikes inflated values, foresaw the bear raid which last spring brought Bancitaly crashing from 223 to a low of 100. At in, Wall Street holds Bancitaly sound, unlikely to suffer another shakedown...
...ingenious scribe pictured, in the Wall Street Journal, the delicious prosperity which would accrue to the Illinois Central should all its air rights on the riverfront be leased upon the same valuation, not yet announced but estimated as approximately $8,000,000 or $45 for a square foot. At this rate, all the 2,800,000 square feet on which the Illinois Central controls the air rights would produce an annual 5% rental of $6,300,000 or a revenue sufficient to pay more than $4.75 on each share of its common stock...