Word: leveler
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Dates: during 1930-1939
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...market has held at the delicate and fateful 96 level (Dew, Jones), which we predicted it would reach several weeks ago. Traders are on pine and needier because every indication is that it cannot maintain this tightrope position for very long and that a sharp movement may be expected as a matter of the next few trading hours. It is the business of predicting the direction of the movement that has the experts worried. Unless prices, immediately push up through that tricky 96 level, a reaction to the 90-92 point may be expected. Repeating our advice of last week...
...through its newspapers. President Roosevelt primed a friendly newshawk to ask him about commodity prices at last week's first press conference. He thereupon delivered a 20-min. discourse. Chief points: 1) the Administration, through AAA, HOLC and NRA, is still firmly committed to raising the national price level; 2) the goal will not necessarily be the fabled 1926 index, may aim at pre-War parity between agricultural and industrial prices; 3) wages will have to be upped responsively...
...last week's complications could be perceived without the use of a slide rule. The pound suddenly slumped 5¢ to $4.91½?lowest level since last February. Up went the London gold price to a historical high of 142 shillings 4 pence (about $34.95) Down went, the Scandinavian and other currencies which are linked to sterling through the economics of world trade. Down went the yen, so that Japanese exporters would not lose the markets they have lately gained. And when the international debate about the future of sterling grew raucous, Chancellor of the Exchequer Neville Chamberlain either lied...
...expected, prices continue to rise until they are some ten points from their September lows, and now hesitate at the 96 level (Dow, Jones) mentioned last week. From some nearby point a reaction may be expected and new buying should be deferred until then. This despite the fact that an advance through 98 would indicate probable further rise to near the 100 level before reacting. It is better to buy on a reaction than on the crest of a wave that has already gone a considerable distance. American Radiator (ADT) and Bendlx Aviation (BEX) for low priced issues seem...
...look at the camera, and are quite charming. True love is wholesomely portrayed by the winsome Evelyn Venable and Kent Taylor, who appeared together in David Harum. The affection of the pompous Mr. Stubbins (W. C. Fields) for Miss Bazy (Zazu Pitts) may be placed on a somewhat lower level, for Mr. Stubbins has to be lured toward the altar by the combined agencies of a matrimonial society and the succulent cooking of Mrs. Wiggs. In a picture of this type, plot means little, atmosphere and sincere portrayal of character mean everything, and in these latter respects "Mrs. Wiggs...