Word: bullishness
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Other prophets heard during the week were bullish. Alfred Pritchard Sloan Jr., lean president of General Motors Corp. said: "I see no reason why 1931 should not be an extremely good year." Iron Age (75 years old last week) reported a "change of sentiment in the steel industry." The first quarter of 1931 was seen as the likely end of the decline in business by Harvard Economic Society...
...Year's Day for show business is Aug. 1. Looking over the 1930-31 prospects last week as the new year was catching its stride, show folk detected a bullish note. Some 250 productions were scheduled to open on Broadway, some 70 productions were routed to play the provinces -an increase of 30 over last year. The Theatre Guild announced that it would present its repertory in ten cities* -three more than the 1929 tour. And although Walter Hampden made known that he would not go on the road as in previous years because of poor business conditions, Funnyman...
...sluggish, short response which, in a weighted chart, would represent decline? Factors began to appear last week. The Market. As if in anticipation of the long-rumored "bull market after Labor Day," the market began steadying last fortnight, crept higher last week. Brokers, as usual, issued bullish letters, said further reactions will be small. Few traders could find a sound reason for the advance, but many held that it would be the impetus which Business awaits. Especially encouraging was the strong bond market. From Massachusetts, where about a year ago was sounded the dismal warning which none heeded, last week...
Bearish in the situation is unemployment in the building trades, now estimated at 37% against 16% last year. But a bullish sign is that while most building material is moving slowly, shipments of cement and fabricated steel have been nearly equal to last year...
Gloomier than any other nation at present is Great Britain. Few bullish items appear any more in its financial papers; article after article tells of mysteriously shrunken profits, disgruntled shareholders, deep depression. Last week, although imports of gold from Brazil balanced the steady drain of British gold by France, Britain turned more bearish. Unemployment, steadily rising throughout Europe, passed the 2,000,000 mark in Great Britain last week, the worst since 1921. Further increase seemed certain...