Word: depression
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Dates: during 1920-1929
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...variation of that idea has been arranged for Ted Lewis in the form of some nonsense about an old Hungarian violinist who played symphonies for royal families and his son who played jazz. Elements of mother love, fatherly pride, wealth that can buy finery but not happiness, fail to depress Jazz King Lewis. He excitedly and excitingly blows his clarinet and saxophone, juggles his high hat, croons odd songs in a hoarse voice. Best song: "I'm the Medicine Man for the Blues...
Repercussions. Leading U. S. cotton experts were in substantial agreement that: 1) Even a brief Lancashire strike would depress the market for raw cotton as British orders were curtailed. 2) Only a long Lancashire strike would boom the U. S. cotton textile trade. Reason: the British mills have reserve stocks of the type of high class cotton cloth competitively manufactured in the U. S. and can maintain their position in this class of goods for some weeks or months. 3) Germany and Japan, producers of cheapest cotton cloth, will be in a much stronger position to grab what Lancashire loses...
Legislative hobby: Laws against cotton speculation, the boll weevil and Federal crop reports which depress cotton prices. His friends consider him the Senate's "cotton expert." He publicly complained that President Hoover put no "real cotton man" on the Farm Board...
...week began with an interview at the fountainhead of executive intervention, the White House, where President Green & colleagues set forth the three great grievances of striking bituminous coal-miners-police brutality, suppression by injunction and "gigantic conspiracies" by the Interests (railroads, power companies, banks) to depress coal prices and crush union labor (TIME, Nov. 28). They asked President Coolidge to call a conference of miners and operators; and to suggest that Congress investigate police strikebreaking, injunctions, conspiracies...
...Steel reports have long been business barometers. But "as Steel goes, so goes the market," is no longer a Wall Street axiom. The decline in Steel earnings failed to depress the market last midweek when the report flashed over financial tickers. On the contrary, stocks moved higher probably because of the more glamorous General Motors figures. The automotive industry is now the dominating factor in U.S. industry...