Word: market
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Dates: during 1930-1939
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Some years ago personal friends of Charles Fort wrote me and apparently the other so-called "sponsors," stating that Mr. Fort was in straitened circumstances, that he needed to market his works, and that he could get no fair hearing for them. I was asked to subscribe to the opinion that they were interesting and worth reading, which I gladly did then and would do now. I have never regarded them as other than a contribution to curious literature and chaste levity. They are amusing and edifying and will certainly not mislead anybody worth misleading...
...Department of Justice case, the jury charged the defendants with price-fixing by: 1) operating two buying pools to acquire gasoline from independent refiners at artificial prices; 2) selling gasoline to jobbers under long-term contracts in which price would be determined by the average of the spot market prices published in the Chicago Journal of Commerce and Platt's Oilgram; 3) taking "distress" (i.e., excess) gasoline off the market (TIME, Aug. 17, 1936). Result, according to the jury, was severe losses to jobbers and independents...
...buying gasoline at artificially high prices from specified independent refiners who came to be called "dancing partners." But Secretary Ickes in 1934, month after he urged oilmen to undertake pool buying under NRA, wrote as follows to Mr. Arnott: "It has been brought to my attention that the market for gasoline and other petroleum products has recently been disturbed by numerous price wars. . . . This has resulted in petroleum products being sold below cost in some areas in order to meet unrestrained competition. . . . Price wars necessarily injure small independent marketers. . . . Therefore, I am requesting and authorizing you, as Chairman...
Sold to a standstill in the six-week slide that lopped off more than a year's gains, the stockmarket steadied last week, then rebounded feebly. By now it was crystal clear that whatever gave the market the first push downhill it would not have slid so far on a false alarm. But the market's barometric value is limited. It seldom indicates how much it will rain, or how long...
...Subtract the time-consuming possibilities from New England females and you'll throw a large mass of very questionable produce on the market. Take eyeglasses from a virgin about here, and what are you going to do with the remainder...