Word: market
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Dates: during 1920-1929
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Secretary of Labor James John Davis toured abroad, visiting and nurturing foreign chapters of the Loyal Order of Moose, of which he has been director-general for 22 years. He eyed peoples, thought about Immigration, thought about the U. S. labor market, in which, according to him, there are now only some 2,500,000 unemployed (Democrats say 4,000,000). On important subjects other than Moose and his own Department, he refused, when a Berlin journalist interviewed him last week, to be drawn out. What did he think about the operation of the Dawes Plan...
Chrysler-Dodge. In a dull market, common stock of the Chrysler Corp. and preference stock of Dodge Bros., Inc. assumed leadership, soared 10 points in a single session to new high levels for all time. Wall Street debated: Could the Chrysler-Dodge combine threaten General Motors supremacy? Commenting on results of the merger, E. F. Hutton & Co. noted: "Chrysler obtains a second dealer organization of 6,000. It thus becomes the only automobile company in a position to compete with General Motors in the latter's highly successful plan of a separate dealer organization for cars selling in different...
Week by week the total of brokers' loans mounted. Federal Reserve banks, led by Chicago, raised the rediscount rate to 5%.* Still the member banks reported that corporations and individuals were withdrawing deposits and putting their funds on the call loan market. Last week, U.S. bankers sat down to a serious campaign to end the wholesale diversion of money for speculative purposes...
...divided on the possibility of curbing speculation by refusing to lend money on behalf of corporations. The corporations, for example, might lend their money directly, ignoring the banks. Or they might start a bank of their own. There seemed, last week, a number of ways by which the money market might be taken out of the control of the Federal Reserve and of its member banks...
...Into mighty, meatpacking Armour & Co., there strayed last week the H. J. Keith Co. of Boston, dealers in dried and frozen eggs. Also into the Armour fold came a large interest in Amos Bird Co. of Shanghai, Chinese egg product concern. To become a power in the frozen egg market, Armour & Co. paid...