Word: bearishly
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...Mexico. Then, too, India, once a great Chinese silver buyer, has been selling instead of buying. France and Belgium in the last two years have sold 40,000,000 ounces of silver. Inevitably the Chinese market was flooded, the price of silver fell. Inevitable too was the bearish selling of Chinese speculators last week. But silver-men opined last week that in spite of its new low, silver faced no crisis. Optimists even prophesied that Chinese silver would again chink to better prices...
Strong is Southern Pacific's position and large its earnings, yet in its position is one bearish item. Like other western roads, the Southern Pacific has watched with growing concern the increase of traffic through the Panama Canal. When transcontinental railroads were first built the driving of a golden spike was the final ceremonial of their completion. But the real gold spike was Cape Horn. Freighters could not compete with freight trains as long as freighters had to wallow around the Horn. But the opening of the Panama Canal furnished a short water route from U. S. coast-to-coast...
...spite of its new ranking as a three billion dollar corporation, however, A. T. & T. took particular care to discourage this bull statistic with a relatively bearish announcement. Knowing that pool operators were eyeing A.T.& T. as a prospective bull favorite, and that rumors of an approaching stock split up had already been started, A. T. & T. officials emphatically denied that any such split up was under consideration. Also, with momentous significance, these officials called attention to President Walter S. Gifford's 1928 report. In this report, President Gifford said: "The American Telephone & Telegraph Co. accepts its responsibility...
...reduce annual fixed interest charges. Another reason, less obvious and less bullish, might be a desire to take precautions against hard times ahead. Should the U. S. find itself, in 1935 or 1940, in a general business depression, corporations would be glad of flexible capital structures. No such bearish suggestions, however, accompanied these developments...
Bull Market. The strong bull cocoa market was somewhat disturbed at a U.S. Department of Commerce estimate of a record-breaking African cocoa crop. Even after this bearish announcement, however, trading continued at twice its normal rate. Commodity markets in general have been exceedingly active. On the Coffee and Sugar Exchange, for instance, a seat last week sold for $31,000, a new peak price. It was thought that Federal Reserve attacks on Wall Street were diverting money to the commodities, though this theory did not well coincide with Wall Street's recently renewed activity...