Word: market
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Dates: during 1930-1939
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...minority. This has long been a sore point with ardent New Dealers and last week it was sorer than ever. Forced to resign after disagreement with associates, Kemper Simpson, SEC economic adviser since 1934, furiously ticked off the SEC for relaxing registration requirements, blamed the severity of the current market crash on its laxity...
...something called a "gun-perforator") successfully sold 40,000 shares at $15 each in its first public financing to the joy of Hartley Rogers & Co. But Continental Can is unusually strong and Lane-Wells enjoys unusual earnings. Other companies, less well fattened, have an understandable reluctance to enter the market at present. Last week, according to Investment Dealers' Digest, no less than 135 new capital issues were being held up by the underwriters in hopes of better market conditions. Total backwater: at least...
...have meant, as recently claimed by onetime SEChairman James M. Landis, a $1,000,000,000 saving from stock swindles. But last week underwriters found themselves in a genuine jam as the result of the past two months' stock tumble [first real smash of the Roosevelt Bull Market of the past two years] which this week set new lows for the year...
...issue and offer it to the public. The 25 underwriting firms, headed by Kuhn, Loeb & Co., bought the debentures at $98, intending to sell them at $100, thus getting a 2% commission minus expenses. But during the month they were obliged to wait for company stockholders to buy, the market fell so far that last week Bethlehem's debentures had to be offered at $95.50. The price promptly fell to $93, and still the public did not buy many. Result was at least a $1,725,000 loss to the underwriters...
...extremely cheap prices (sometimes $5 for a shipload) and sold by pushcart along the docks. By the time he was 13 he had $5,300, spent it all buying his parents a home. Then he noticed that Jewish onion buyers were having a horrid time in the onion market on Pier 17. Onion salesmen were mostly boisterous Irishmen who loved to pull down Jewish derbies and yank Jewish beards. Having neither beard nor derby, Ben Balish set himself up as a middleman in onions, soon did magnificently. But a truant officer caught him and young Balish had to bribe...