THE Federal Oil Conservation Board has reported to Secretary Work that the supply of oil in the pumping and flowing well areas of the United States is about 4,500,000,000 barrels-a six years’ supply in theory, though it cannot be extracted within that period. Up to June last the 68,000 wells bored since 1866 have produced over 9,000,000,000 b... continued here
THE world need never go hungry as long as the sun shines. So the chemists have declared at the Institute of Politics, at Williamstown, Massachusetts; and since scientists say so, it must be so. Food in the future, it appears, is to be obtained from the light of the sun and the nitrogen of the air. Proteins and carbohydrates-those elements of nutri... continued here
The indications are that the time has almost arrived when a beginning of commercial aviation will be successfully made in the United States. Postmaster-General Harry S. New has declared that the Government-operated air mail routes should very shortly become carriers of passengers and express parcels. The air mail, he says, can never be put on a sel... continued here
On the evening of March 5, 1926, fifty-one year old Manhattan millionaire Edward “Daddy” Browning, waltzed through the doors of the legendary Hotel McAlpin, and into the life of a fifteen year old high school girl named Frances “Peaches” Heenan. Thirty-seven days later, with the Society for the Prevention of Cruelty to Children in close pu... continued here
WIRELESS offers more scope for enjoyment than any other hobby. This is a big claim, but any one who has cultivated wireless knows that it is a claim that can be supported by facts. The one outstanding feature of wireless as a hobby is that it can be pursued anywhere, at any time. In dry summer weather or in the depths of winter, in brilliant daylig... continued here
Another and fascinating phenomenon has arisen on the American scene. I refer to the investment trusts. People too timid to risk their own judgment and money in the stock market can now buy brains to invest and speculate for them. At this writing there are more than 450 investment trusts in the market, with a total capital of three billion dollars; ... continued here
The desire to make money is not limited to minds trained in making it. The easier money can be made, and the more quickly, the better it attracts the public. Just now the most fabulous money-making machine in the country seems to be the stock market; so the public has enthusiastically gone shopping there. Savings banks have been not a little alarme... continued here
Since the beginning of 1929, the United Press has thrice revamped its financial news system in quest of greater speed. Two years ago, a single Morse wire, with a capacity of thirty words a minute, provided member newspapers with all the financial news they wanted. Most of them wanted only Curb and bond reports. Local brokers provided them with what... continued here
All this has had a most striking influence upon the country’s press. From the doubtful prestige of being “too technical” for the average reader’s mind, financial news has risen—or fallen—to the persuasive estate of being front page news, when, as and if issued. Ten years ago the financial department of even the greatest ... continued here
Not even the lifting of marginal deposits from ten points to thirty points per par value share has diminished the public’s activity. The professionals are bearish. The public never. “The higher the market goes, the deeper the public is in it.” He reached for his customers’ book. Just after the last debacle, the number of cus... continued here