Word: market
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Dates: during 1920-1929
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Stocks. There is much money available at 3½%. It is being used to finance the movement of crops and to buy bonds and is not finding its way into the stock market. Again prices of stocks were beaten down to lower levels in trading on the exchange last week. General Motors had announced record earnings. Yet this major stock closed last week's sessions at a decline of 14% points from its high for the year. Slumped also these leading issues: U. S. Steel, General Electric, Houston...
Bonds. Most of the money in Wall Street is being turned into the bond market. Ordinarily this would increase prices for these securities. It has not because last week investors were asked to buy $189,115,000 in new issues. They, or brokers for them, bought them all. The introduction of new bonds for that amount raised the total of new issues for October to the largest figure for any month of the year...
Money. The condition in the stock market in relation to money available for borrowing constituted almost a paradox in last week's trading. This "money" represents funds that banks are willing to lend authoritative brokers in financing their transactions. There was a great deal of it available last week and the interest rate fell at one time to as low as 3½ per cent for this class of borrowing which is known as call money or short terms loans. Added to these funds were the payments made to share and bond holders, whose coupons were collectible at this...
Coolidge. President Coolidge last week announced after an analysis of country-wide scope that business and trade conditions of the U. S. were healthy. In the opinion of the President trade trends showed a continued advance. His statement caused a slight increase in prices on the stock market but for just one day. Wall Street, reasoning that the Chief Executive is usually optimistic, scrutinized his remarks with care. Some brokers questioned them. The loss in railway net receipt "is not great" was a contention of the President. The last available figures registered a decline of 11% which Wall Street considered...
...American Telephone & Telegraph Co. As stockholders, they have been delightfully anxious for six months. So have brokers in Wall Street. The company in six months has earned much money. Wherever two or three traders have been gathered together it has been whispered that the company would "cut a melon," market jargon for an increased dividend...