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...fide sciences to yield under pressure of the spreading tutorial system is the Geology Department. The creation two years ago of the Department of Bio-chemical Sciences, removing as it did the grievous errors in pre-medical education, was yet only a slight breach in what seemed an impregnable wall. Then came, in April of last year, the announcement that the Department of Biology would begin the following academic year under the tutorial system. The decision announced today gives an appearance of progression to these events, a progression that can be concluded only with the adoption by the Departments...

Author: NO WRITER ATTRIBUTED | Title: ENTER GEOLOGY | 3/22/1928 | See Source »

...contract between the American Railway Express and the railroads for hauling express expires in February 1929. At that time, according to the contract imposed by the Government, the railroads may exercise a legal option to purchase the American Railway Express at cost less depreciation. Suppose, ruminated Wall Street, the new "invisible" owners of the American Railway Express decline to sell and invent ingenious legal delays. Then the eight railroad masters, aided by legal masters, would reply by simply purchasing express wagons, express trucks, renting express offices for the railroads of the U. S., leaving the American Railway Express with great...

Author: /time Magazine | Title: Business & Finance: Baggage Plan | 3/19/1928 | See Source »

Long will it be remembered in Wall Street that last week's unparalleled bull spurt came immediately after a dull bear market, precipitated by a sudden break (TIME, Feb. 27). Equally long will market historians discuss the reason for last week's phenomenal spurt. The principal reason was the unexpected action of the officers and directors of the General Motors Corporation in purchasing 200,000 shares of their own stock in the open market for their own account...

Author: /time Magazine | Title: Business & Finance: Stock Market | 3/19/1928 | See Source »

...encouraging document which the financial year had so far brought forth. Assets of $1,098,477,577, an increase of $77,583,470 over 1926 earnings of $235,104,826, the largest peacetime result ever achieved by a corporation; total business of $1,269,519,673-these figures stimulated Wall Street speculators and investors everywhere, and they bought 2,431,500 shares of General Motors stock in five and one-half days, lifting the price of the stock from $144¾ to a high point of $161. There are 17,400,000 shares of General Motors stock outstanding. Last week...

Author: /time Magazine | Title: Business & Finance: Stock Market | 3/19/1928 | See Source »

...whether an investigation would be ordered to see whether a corner existed. The day's total trading was 3,909,100 shares, the largest day in the 130 years of the history of the Stock Exchange Brokers, traders, speculators, gamblers rejoiced. The Ides of March, terror of Wall Street, had passed...

Author: /time Magazine | Title: Business & Finance: Stock Market | 3/19/1928 | See Source »

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