Word: bullishness
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...Ever bullish, the Wall Street Journal last fortnight set U. S. Steel's minimum earnings at $18 the share. Wall Street opinion predicted they would be between $19 and $20. Great was the surprise therefore when last week Steel reported profits of $197,531,349 or $21.18 the share, compared to $114,173,775 the preceding year or $12.50 the share for 1928. Especially bullish was the fact that the earnings for the fourth quarter had held up well, being $39,972,358 against $30,739,896 in the same three months of the previous year.* During the week other...
Conditions. Factors which have demoralized the Paperboard Industry are many. Chief of these have been the fact that continuous, 24-hour operation lowers costs tremendously, giving rise to a sales policy aimed more at gross than any consideration of price. A bullish item recited by Paperboard's manufacturers is that, while the total production is gaining too rapidly (Container Corp.'s sales went up 30% last year), new demands such as the frozen food business and air transportation, are being found...
...imperfections as clairvoyant were quickly recalled by a rival prophet, Roger Ward Babson of Babson Park, Mass., who said: "It should be recognized that he [Fisher] has changed his position from where he stood when he criticized me in my bearish forecast in ... September 1929. Then he was distinctly bullish on both the stock market and business." Prophet Babson added: "I am not especially troubled about the available supply of gold . . . only one of the many factors which bear upon the business situation...
...decline in patronage of the American theatre, especially that part of it located under the white lights of Broadway, during the last year has aroused the business acumen of the various producers in an attempt to perpetrate another bullish market of this particular art. Casting wildly about for the underlying influence causing the apathy of a public whose rudeness to most of the offerings of the season is now proverbial, they have finally hit upon, and at, the ticket speculators. The process of the latter in creating a corner on the best seats in the house was at one time...
...have seen the cycle bring Depression, as have Industrials. British Consols, once the "world's safest security" have depreciated with high interest rates. Last week's lowering of the Bank of England's discount rate to 5% and the shipment of $21,000,000 gold from New York were bullish items on the London market but could not compensate for the collapse in the gigantic Royal Mail and doubts concerning Kylsant, "Lord of the Seven Seas...