Word: gloom
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Only ray in this atmosphere of almost universal gloom was the leadership of the peace delegations. Speaking for A. F. of L. at the big oval table on the third floor of the Willard was George Harrison of the Railway Clerks, stocky, 42-year-old head of A. F. of L. railroad department and president of the potent Railway Labor Executives association...
President John J. Pelley of the Association of American Railroads summarized the current gloom of railroaders by further plain speaking: "The margin between income and operating expenses has been so thin that the railroads face a real crisis. Because there is no other way to meet this crisis than to make a general increase in rates and fares, the railroads will ask the commission to expedite consideration of the matter. Facing the railroads today is an increase in operating costs totaling $663,303,000 annually since early in 1933. Of that amount, more than one-half results from new taxes...
...dealers can continue in their accustomed sales routines. And prices, already raised some 5% in August, are generally being raised some 5% more with the show. Having ridden a rough road in 1937 because of unprecedented Labor troubles, U. S. automobile men last week were noticeably free from the gloom of Wall Street...
...fault of the New Deal. Last month Stock Exchange President Charles R. Gay took the unprecedented step of warning the Securities & Exchange Commission that the thinness of trading, resulting directly from, market regulation, would in time produce "abnormal market conditions" (TIME, Aug. 30). Last week President Gay's gloom seemed justified indeed...
...activity. Last week's was not only ebb but neap tide. Trading in bonds on the New York Stock Exchange one day was only $3,730,000, smallest since 1918. Volume of August stock trading had totaled only 17,220,000 shares, smallest for that month since 1934. Gloom hung so heavy in Wall Street that a seat on the Exchange sold for $75,000, lowest price since April 1935. On the sole million-share day last week 143 issues found new lows. On a recession not so great as that of last June, Wall Street morale touched...