Word: market
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Dates: during 1930-1939
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...owner, John D. Johnson, sold her to a fellow club-member, W. C. Corrie. New York yachtsmen did not know much about Corrie. He was a mysterious but affable gentleman, amply provided with funds, who professed an interest in the finer points of yachting and declared himself in the market for a speedy boat. After buying The Wanderer he was no longer seen around the club. Refitted and renamed, the tall bark, unmistakable for her clipper bow and sleek racing lines, was recognized by British and U. S. naval officers of the International Slave Patrol, insouciantly ferrying from the west...
Hammering headlines from the steel front (see p. 11) drove shares to new lows and near records for inactivity for the year. It was the first time since C. I. O. got into action that strike news has been a general market factor. The motor sit-downs last winter merely interrupted the market's upward climb and prices were later pushed to new recovery highs...
Then at the opening of the market one morning the Steam specialists could find no bids fit to print on the ticker. Stock Exchange officials went into a huddle with the specialists. Nearly an hour after the opening a quotation finally appeared on the ticker-70 bid, 90 asked. After nearly another hour the first sale appeared-$73, off 30½ points. But no bid could the specialists rustle up for the 6% series until 1:30 p. m., when the tape recorded the market as 50 bid, 75 asked. The first sale...
...specialists did not care to bridge were caused by an overnight decision of the New York State Public Service Commission. Steam's friendly neighbor, Consolidated Edison of New York, which has long owned stock control of Steam, last spring brought its ownership up to 96% in open market purchases which squeezed the price of Steam common from $17 to $33 per share in a fortnight. Anxious to merge Steam with its gas & electric properties, Consolidated applied to the Public Service Commission for permission to offer its own preferred stock in exchange for Steam preferred. There seemed no reason...
Some economists believe that the next great credit expansion will blow out in installment paper, just as in the last boom it blew out in stock market loans. Pointing out the political problem involved in any future effort to restrict consumer credit, the New York Stock Exchange firm of Biggs, Mohrman & Co. lately observed in a thoughtful little pamphlet called The Next. Boom & Collapse...