Word: booms
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Dates: during 1920-1929
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...immense credit and money power that it is less inclined to predict a business slump in 1926. They point out that never in the history of the country has bank credit been so cheap, abundant and apparently sound at the crest-if it is one-of a business boom. In general they believe that our great banking resources are today a stabilizing factor that never existed before in anything like the same degree...
...York has been building too fast. The boom is inflated. Rents are coming down. A severe and slow panic impends"?such was the concurrent drift of remarks made a fortnight ago by Walter Stabler, Comptroller of the Metropolitan Life Insurance Co., and of a wise old Manhattan banker, Clarence H. Kelsey, who has seen all the "hard times" in 40 years. They added that they would lend no more money for New York City building...
...greatest prosperity in railroading was seen in the southern district, and resulted not only from the Florida boom but the general opening-up of the southeastern states which is now going on. In the East, the roads did quite well with the exception of the anthracite carriers. Western roads, however, continued to lag behind, partly as a result of competition with the Panama Canal, partly from low freight rates...
General business continues on its even keel. Stability appears to increase and the weaker departments of trade improve, while the stronger refuse to develop boom conditions. Secretary Mellon's cheerful and optimistic report (see NATIONAL AFFAIRS) no doubt expresses the sentiments of the average U. S. business executive...
...favorite indications as to the condition of business is the record of business failures compiled by Bradstreet. For October October total since the boom days of 1920. Liabilities of last month's failures were only $36,195,273, likewise the lowest October figures since...