Word: last
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Dates: during 1920-1929
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Experience, said Oscar Wilde, is the name men give to their mistakes. Although there could be no general agreement as to whether or not the Stockmarket crash of Oct. 23 et seq. was a mistake, last week found most economists and many a businessman looking for the "lesson...
...That corporations which had loaned money "on call" to speculators had contributed more than any other group to an unsound financial situation because many a corporation promptly called in its loan at the first sign of trouble. Five directors of one corporation threatened to resign last week if their company should call its loan. These directors took the honorable position that having once loaned its money to the stockmarket, the corporation should stand by the market so long as its loan was adequately protected by collateral...
Results. As to "results" of the break, the most important question could not be answered, i. e.: to what extent would the Bear psychology of the market spread to business generally? Through last week, optimism was certainly more pronounced than pessimism. Stock brokers were far more pessimistic than businessmen. Being, especially in the lower ranks, a provincially Manhattan lot, they seemed to think the Stockmarket would be disgraced if Business did not humbly follow its lead. Outside of lower Manhattan, Detroit was the gloomiest spot, the depths being reached by the jocular motor executive who seemed to feel that never...
Sparse has been the comment upon individual losses in the Stockmarket crash fortnight ago. Few people have had the temerity to expose the amount of their trading losses, fearful of jeopardizing their credit standing. Gleeful, therefore, were newsgatherers last week to find one person who admitted her losses, flaunted the amount, even named the stocks she had had. She, a Miss Margaret Shotwell. 19, of Omaha, said that she had lost more than $1,000,000 in Montgomery Ward, Paramount, Cities Service, General Motors...
...railroaders last week came many a piece o'f news. Of the new developments, major and minor, in railroad affairs, these stood...