Word: market
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Dates: during 1930-1939
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...opposed the N. R. A. monster. Such "ramshackle legislation" he lays to financiers who aim to tax independent companies like Ford out of existence. He disapproves of the tax because of the way the money is spent, for in his opinion it provides no purchasing power nor market for industry...
...Postoffice Building for hearings-Mr. du Pont's to come first-before the Board of Tax Appeals. Both readily admitted that their deal had been solely for tax purposes, but contended that the sales had been strictly bona fide, with each man repurchasing his stock at the market. It was up to the Government to prove that they had broken the law against an "agreement, plan or understanding to repurchase." As the hearing got under way the Government's prime points appeared to be: 1) that while Messrs, du Pont and Raskob were exchanging letters concerning their stock...
...laurels last week, "Charlie"' Dawes published a 45-page book, How Long Prosperity?, in which he risked another and equally definite prediction. His answer to his own question: barring currency inflation or war, a "high degree" of prosperity will continue until the autumn of 1939, when another stock-market collapse will bring on a "minor business recession" of one or two years, followed by more prosperity. When that may end in another depression like the last Banker Dawes makes no attempt to predict...
...earlier depressions pig iron production & prices began to recover exactly five years and six months after the crisis. Banker Dawes placed his bet accordingly. Stockmarket averages compared in the same way showed the course of recovery interrupted in 1883 and 1903, in the tenth year after the market crash. Hence Banker Dawes's new prediction...
...logic in recurring reports about the U. S. dropping its gold buying price. Having about $11,700,000,000 worth of gold, one-half the world's supply, the U. S. cannot use the metal it already possesses. Yet the U. S. is virtually supporting the gold market singlehanded. Only recently, realizing that a lone peg for the world's gold price was not precisely an inspiration for international confidence, have Britain and The Netherlands resumed buying the metal...