Word: weekes
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Dates: during 1930-1939
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Illusions and manipulation had their part in creating the pre-October stock-market ascension. Behind them, however, was knowledge that earnings were increasing, hope that they might do so forever. Last week 1929 reports began to appear, indicated that in many cases the first part of this credo was correct...
...many industries sales are accurate forecasters of profits. This is not so true of chain stores where the margin of profit varies. Yet last week indications were that 1929 will prove to have been a record year for many a chain system. The first 20 chains to report showed an increase in sales amounting to 18% for the year, 11% for December...
...section about the holding company that held the holding company that held the holding company that held the operating company that lighted the lights in the house that Jack built. For utility systems are complicated, full of little units with big units upon their backs to finance them. Last week, however, Commonwealth & Southern Corp., one of the largest of U. S. super-holding companies, announced a marked simplification of its associated companies. The result of this simplification will be the disappearance of four holding companies in the Commonwealth & Southern system...
...Last week Commonwealth & Southern offered completely to absorb these companies, assuming their assets and liabilities and in time eliminating them as corporate entities. It also proposed to absorb Allied Power & Light, in which it has previously held no stock interest...
...operating man (as distinct from a finance man), Mr. Cobb is a hardworking, quick-spoken executive. He is a fishing & hunting enthusiast and each year takes two four-to-six-week vacations with which nothing can interfere. Last fall he was on one of his hunting trips when the market crashed. Mr. Cobb let it crash and kept on hunting. His reading consists largely of outdoor magazines and of biographies. He also sees nearly every play of every season. He has three daughters; lives at No. 270 Park Avenue, Manhattan...