Word: boom
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Dates: during 1930-1939
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...before the deluge of selling orders hit the Government bond section of the New York Stock Exchange. Most of the business in Government bonds is normally done over-the-counter by big dealers, and $10,000,000 worth of trading in Governments on the Stock Exchange is considered a boom day. Last week in what was a grey if not a black Friday the Exchange volume mounted to $23,450,000, biggest day in 16 years...
Furthermore, a quick glance at the charts showed that the great bull bond market of the 1920s turned its crest early in 1928 when the real "boom" still had a year and a half to run. But even if bond buyers overlooked that last week, they could not, and did not, overlook two ominous signals from Washington. One was President Roosevelt's observation in his fireside talk that "the dangers of 1929 are again becoming possible, not this week or month but within a year or two." The other signal was that the last official caller at the White...
Noted without comment last week by the New York Journal of Commerce was the fact that a third great group of prices in its commodity index had pushed above the average level prevailing in the boom years 1927-29. Building materials and iron and steel products have been in new high ground for some time. To these conspicuous markers on the highway to inflation were added non-ferrous metals (lead, zinc, copper, tin, etc.), which as a group have risen 46% since the commodity boom got underway last autumn...
...prices of copper skyrocketing. . . . The industry was making steady progress in a satisfactory way. It would be a pity to bring about hectic conditions which in the nature of things could not be expected to last." And as evidence of the industry's wholesome progress before the rearmament boom hit the metal markets. Copperman Dodge last week reported that Phelps Dodge earned $11,518,000 in 1936 as against $6,147,000 the year before...
...fourth goes into brass, which is a copper-zinc alloy. Storage batteries account for nearly one-third of all lead, with paint a poor second. In good times building takes 10%, cable coverings 20% of U. S. lead.- And all these big lead and zinc customers are either booming or slated to boom...