Word: downward
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Dates: during 1930-1939
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First big result of President Hoover's statement: stocks on the New York exchange, having coasted downward for a week as the tariff's passage grew more certain, definitely plunged in the year's blackest trading day thus far. ¶ President Hoover greeted at the White House Senhor Julio Prestes, President-elect of Brazil. At a state dinner in the Pan-American Union President Hoover accorded for the first time full social honors to Mrs. Edward Everett Gann, sister and hostess of Vice President Curtis, by escorting her to the table, seating her at his right...
...curve, instead of the industrial curve, by which the business of retailers as a whole is affected. At the start of the crash, industry kept up to about its former pace, and it was not until the crash was well under way that the industrial curve took a decided downward...
Long ago the Senate's day-to-day ploddings through the Tariff Bill ceased to be newsworthy. For five months the coalition of Democrats and Progressive Republicans has been painstakingly revising downward industrial rates set by the House and by the Senate Finance Committee.* Last week the Tariff got back into headlines, not because of any startling new developments, but because of the lack of them. A great juggling match of political blame-fixing for the delay ensued. Once more the position of President Hoover, who last November "hoped" the Senate would pass the bill in a fortnight became...
...brief period last week the Chicago Board of Trade supplanted the New York Stock Exchange as the dominant U. S. speculative force; the Pit held the Floor in thrall. Stock quotations closely followed grain prices, and the procession was almost steadily downward until the last day of trading...
Tumbling almost steadily downward, last week the price of wheat touched the lowest levels on the present crop and cotton crashed to the worst prices since 1927. In wheat the situation seemed a natural one of supply and demand. In cotton the decline was somewhat justified by cold which is said to have killed the boll weevil in large areas. But what caused cotton to drop precipitately was apparently "an unfortunate misunderstanding." Briefly, the "unfortunate misunderstanding" seems to have taken place as follows...