Word: market
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Dates: during 1920-1929
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Little has happened during the past week to make the general industrial outlook more cheerful, except perhaps a rally in stock prices. At this writing, the recovery in the stock market is still difficult to interpret with complete assurance. Nevertheless it bears the appearance simply of a "covering movement" by previous short sellers, and is consequently of mainly technical and temporary significance. It is noticeable that the stockmarket has given no real signs of accumulation, and that the strongest stocks have generally been those whose declines had produced a large "short interest...
...this shifting of funds from Berlin, Paris and even London to New York has at various times, whether correctly or not, been pointed out in the press. All sorts of price movements and trade conditions have been mysteriously explained as due to foreign buying. Undoubtedly the American bond market and American construction and realty enterprises have absorbed foreign funds-how much no one really knows. Now the foreign situation appears brighter, following the Dawes report, and financial scribes are confidently attributing almost everything to "the withdrawal of foreign funds." The movement of exchange rates to some extent accords with this...
...more feet in diameter, spherical in cut but assuming an egg shaped form with the bigger end at the top; round the gas bag is the load ring from which are suspended a series of cables holding the basket; the basket much resembles a housewife's market basket- only much bigger, some 3% feet high, 3 feet wide and 3% feet long. In the basket are ballast, instruments, warm clothing, food, water, coffee, sterno. The balloonists are comfortable, though slightly cramped for long flights...
...opinion of the business future conveyed through stock market prices is not always right. But neither can it be casually disregarded as merely manipulation. The accuracy of the stock market as a barometer, when one impartially checks the matter up, is impressive. And the stock market during the past week has been quite gloomy as to the industrial conditions just around the corner...
Sometimes the stock market means what it looks as if it meant; sometimes it does not. But now these have developed outside signs of breakers ahead too. Even realtors are declaring the construction boom, particularly in the East, is somewhat overripe. The usually reliable industrial barometer of steel production has apparently reached its peak and begun to turn downwards, rather the way it did last year. Even the better foreign news has apparently been "discounted" in the markets, and has proved insufficiently cheering to allay a feeling that things are likely to get worse before they get better...