Word: market
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Dates: during 1920-1929
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...They were possessed of inside information or they had gained great influence through the public honors that had been conferred upon them. . . . Accordingly they went into the open market to sell that information and that influence to those who were contending against the Government. Most of them disguised their transactions under the term 'legal services.' With that mask before them, they expected to escape detection, and even now have the effrontery to pretend that their action was ethical because it was performed in the capacity of attorneys...
Wall Street last week gave an exhibition of mysteries second only to the oil scandal in Washington, and in fact caused by it. The stock market had advanced steadily if irregularity for many weeks, and had become overbought and top-heavy. At such times, any incident is enough to cause an upset...
...this stage, enter Mr. Livermore, the noted operator. His last two main prophecies on the stock market had been sufficiently fulfilled so that he had attracted a considerable speculative following. From his vantage point in Miami, he sent a statement to the press which was widely published, although the Wall Street Journal refused to in-clude it in its columns. Mr. Livermore declared that the oil scandal had undermined confidence in the stock market, and rendered doubtful the presidential nominations. "I think it is very foolish trying to be an optimist in the stock market at the present time...
Flattering as such results may have proved to Mr. Livermore, the real cause of the sudden decline was undoubtedly the "technical position" of the market. After all Mr. Livermore is a better judge of the stock market than of national affairs. This was shown when he advocated more business men in our government, only to meet Senator Lenroot's retort that there had been several prominent business men rather too much mixed up in government affairs lately...
...movement did not attract general notice until the price of copper in New York and London began to climb, and until copper shares in Wall Street began to advance even through a generally declining stock market. Meanwhile all is not peaceful in the American copper industry; considerable dispute has risen over a proposed tariff to shut out cheap foreign production. Every copper company is taking sides according to its interests. Leading companies to suffer by such a tariff are: Anaconda, with extensive production in Chile through ownership of the Chile Copper Co.; Kennecott, which owns Breden Copper, also in Chile...