Word: market
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Dates: during 1930-1939
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...implicating the A. B. A., Banker Winthrop W. Aid-rich, chairman of New York's Chase National Bank, chose a luncheon meeting of the Rochester Chamber of Commerce as a rostrum for the most outspoken if not the most original attack upon the New Deal since the current market crash began. In a concise analysis of the situation which warmed the hearts of Wall Street, Banker Aldrich repeated and amplified the assertions made by President Gay of the New York Stock Exchange two months ago (TIME, Aug. 30). Said Banker Aldrich...
...impairment of the efficiency of the stockmarket that calls for prompt correction. This impairment is to be explained as the cumulative effect of a variety of recent governmental policies, many of which can and should be modified without abandoning the underlying policy of eliminating abuses from the securities market. The tax on capital gains at high bracket income tax rates can be changed to a low rate flat tax with positive gain in revenue to the Treasury. The rule regarding trading by insiders can be modified so as to restore protective action by insiders on breaks, and still prevent unfair...
With winter coming on, stores in many a northern community were last week stocking up on skiing equipment. Meanwhile impatient skiers who wanted to study an example of extraordinary skill in downhill running had only to look at U. S. stock markets. At the start of last week stock prices had already been whistling for eight weeks in a steep slalom around such) formidable obstacles as reports of record farm income for 1937, miscellaneous bullish statistics, encouragement from the Federal Reserve Board and optimistic comments by Governmental bigwigs. Last week, having dropped a breathless 55 points from the summer peak...
...account for the market's slide, businessmen have talked more & more of "a major business recession." Judged by steel production, which was off almost 40 points since the spring to 55% of capacity, and by the New York Times business index, which fell below 1936 for the first time this year, this view last week appeared well founded, but third-quarter earnings have been generally awaited as the ultimate index of current business...
...from $2,431,460 to $2.571,601; American Chicle from $831.281 to $1,022,665; Libbey-Owens-Ford up from $2,266,988 to $3,216,690. For the first nine months Libbey-Owens was nearly $1,500,000 above last year's $7,369,960. An old market standby, American Telephone & Telegraph reported that in the fiscal year ending Aug. 31 earnings were up from $165,400,000 to $195,500,000. Operating revenue for 92 Class i railroads in September was $296,700,000 compared to $295,000,000 last year. But New York Central...