Word: wall
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...mode of old Nippon, announced briefly that the liabilities of Suzuki & Co. total one quarter of a billion dollars, and that the firm will temporarily suspend payment on certain of its obligations. The ensuing crash on the Tokyo bourse was similar to what might be expected in Wall Street should J. P. Morgan & Co. make a similar announcement. At Tokyo all quoted securities registered an average drop of ten yen, and the yen itself moved down a fraction on international exchange. If the agents of Mme. Suzuki took the precaution to sell short before her announcement, she may well have...
William Crapo Durant, creator of General Motors Corp. and lately a profiting speculator in Wall Street, last week spent $21,000 to advertise in 48 newspapers in 29 cities, and thus gain presumably 8,800,000 readers of the new leaf he is turning industrially as well as financially. At 65 years of age he intends to duplicate General Motors -by means of Consolidated Motors Inc., which he has just had incorporated in Delaware. And "exactly as the Buick in 1908 was used as the nucleus and the keystone of the great General Motors," he intends...
...entering the automobile industry aroused only a small amount of interest in the financial district, because the announcement did not specify what Mr. Durant expected to do." And the New York Post: "The 'startling announcement' which W. C. Durant, head of Durant Motors Inc., promised Wall Street has been made, but Wall Street . . . failed to register any unusual excitement...
Perhaps, admitted the diggers, the tomb had been a temporary one for King Zoser, used pending Im-Hotep's completion of the nearby Step Pyramid, under the wall of which it lay. Or perhaps it was Zoser's queen's tomb. The sarcophagus, still hidden, would tell. Meantime the diggers marveled at a maze of deep tunnels, at remains of blue tiling, at a dozen alabaster wine jars...
...JOHN A. STEWART ESTATE APPRAISED." Thus people were reminded of John Aikman Stewart, long known as Wall Street's oldest financier. Born in 1822, he knew most U. S. Presidents since Jackson, served Lincoln ably as Assistant Secretary of the Treasury. The appraisal of his net estate, filed last week, showed he had accumulated a little more than $3,700,000 in his 104 years...