Word: americans
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Dates: during 1950-1959
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...scramble? Rising industrial production accounts for some of the demand. But chiefly, copper consumers are buying because they fear the price will go still higher if strikes shut the big mines. Says American Smelting & Refining's Vice President Simon Strauss: "Copper consumers have long memories. They remember the copper shortages of several years ago, which were politically rather than economically caused." Strikes have already shut one U.S. smelter and threatened the big mines of Northern Rhodesia. Copper buyers are also hedging the possibility of a strike June 30, when the contract of the International Mine, Mill & Smelter Workers expires...
Father of the expression is Dr. Gardiner C. Means, economist and author of The Structure of the American Economy. In 1935, while on the staff of the Department of Agriculture in Washington, Means published a study of price trends in the Depression to which he gave the title: "Industrial Prices and Their Relative Inflexibility." In it Means said that the classical Adam Smith laissez-faire free market, in which prices are set by a constant interplay of supply and demand, did not exist. In place of Smith's market-price theory, Means offered his administered-price theory. Said...
...American Stock Exchange last week, the frenetic trading almost swamped the tickers. In one day, trading boiled to 3,520,000 shares, highest since 1929 and equal to 93% of that day's volume on the New York Stock Exchange. So far this year, volume has equaled 53% of the New York Stock Exchange's, v. 32% last year. Unable to keep pace with the new popularity, the AmEx tape often trails five, ten, even 25 minutes behind. Its nearly 1,300 tickers, which transmit prices to 215 cities, print only 300 characters a minute. But able AmEx...
...limit on the trip. They shun stocks that sell for more, which means virtually all those on the New York Stock Exchange. They figure, often wrongly, that low-priced stocks are not only the cheapest but will rise the fastest. Thus, they shop around the American Exchange, home of many a budget-priced, volatile issue. (Almost all the exchange's most active stocks last week sold below $4.) Many of the stocks are low because young companies go on the AmEx; its rules for listing are easier than the Big Board's. The New York Stock Exchange insists...
Although the Administration argued that the cut in imports would help national defense-by increasing drilling and U.S. reserves-the oil industry's own figures last week showed that there need be no worry over reserves. The American Petroleum Institute reported that drilling had declined slightly last year. But a falloff in demand, plus imports, had slowed the drain on U.S. fields. Thus, U.S. crude reserves at the end of 1958 stood at an alltime high of 30,536,000,000 bbl., up 235 million from the total the year before...