Word: bullishness
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Roger Ward Babson is a famed statis tician, predicter of the 1929 stock market crash, who has lately turned bullish. Resembling greatly a goateed New England preacher, he is a shrewd, pragmatic religionist, a devout member of the Congre gational & Christian Churches. He is chairman of its Commission on Church Attendance. Last week, in the September Federal Council Bulletin, he presented statistics gleaned thus far in a five-year survey on church going. Chief points: ¶In 1930 and 1931, some 33% of the total membership of 903 Congregational & Christian churches went to church every Sunday...
...last week Roger Ward Babson, who still glories in his reputation for having "called the break in 1929," observed that ''the world is getting better, this country is getting better, and even Chicago is getting better." Asked about specific securities, his most frequent answer was "I am bullish on that." Asserted Ralph Wilson, vice president of Babson's Statistical Organization, "Business has struck bottom...
...more scrap than ore-made pig iron, is in the market for scrap, every dealer knows it; the price responds accordingly. Keen students of business therefore keep their eye on scrap prices to get wind of imminent changes in steel production-keystone of the nation's industrial life. Bullish brokers nodded last week when scrap prices were upped in both the Pittsburgh and Chicago districts. But some of their joy was sapped when they heard that the dealers, shrewd sons of shrewd fathers, were upping the price of their own accord, a step ahead of a real demand which...
Though the Press played a rattattoo to the general fanfare with volleys of small bullish items, there was but one major development in the business situation last week. From Washington to Manhattan journeyed Governor Eugene Meyer of the Federal Reserve Board to confer with Owen D. Young's committee of twelve bankers and industrialists seeking ways & means of pumping credit into supine industry. His mere appearance in Wall Street touched off a minor rally in a temporarily flagging market. With the Young Committee he discussed a plan for setting up a Commodities Credit Corp. with $100,000.000 capital, largely...
Observers were inclined to think the rally started through belated recognition of the following fundamentally bullish items: 1) the Lausanne agreement; 2) the cessation of gold withdrawals and foreign buying of U. S. securities; 3) the I. C. C. merger decision; 4) expansion of credit. Certain industries had special reasons to advance. The oils showed improved earnings (see col. 2). Higher commodity prices, if maintained, would help the food and mail order companies. Big loans to railroads would mean orders for the equipment companies. But for the most part the rally was predicated upon hopes. Big Hope...