Word: market
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Dates: during 1950-1959
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...American Economy. In 1935, while on the staff of the Department of Agriculture in Washington, Means published a study of price trends in the Depression to which he gave the title: "Industrial Prices and Their Relative Inflexibility." In it Means said that the classical Adam Smith laissez-faire free market, in which prices are set by a constant interplay of supply and demand, did not exist. In place of Smith's market-price theory, Means offered his administered-price theory. Said he: "An administered price is a price set by someone, usually a producer or a seller, and kept...
...with the Young. Why the trading avalanche? The bull market has attracted many novice investors who aim for the moon but set a $10 limit on the trip. They shun stocks that sell for more, which means virtually all those on the New York Stock Exchange. They figure, often wrongly, that low-priced stocks are not only the cheapest but will rise the fastest. Thus, they shop around the American Exchange, home of many a budget-priced, volatile issue. (Almost all the exchange's most active stocks last week sold below $4.) Many of the stocks are low because...
Gone are those bad old days. But some stocks have swung so widely on the AmEx this year that President McCormick is worried that tipsters and touters have been boosting some stocks. "No one should buy on market averages alone," warns McCormick. "Neither should one buy a security simply because its price has been rising or because it has a romantic space-age name...
...coin boxes). Universal estimates that earnings for the fiscal year ending in March will rise 56% to about $3,900,000, or $2 per share. That means Universal stock sells at a steep 48^ times earnings; Chesler's $1,000,000 ante in Universal has zoomed to a market value near $25 million...
...nation's best place to buy sables was Manhattan's C. G. Gunther's Sons. Founded in 1820 by a German immigrant associated with Fur Trader John Jacob Astor, Gunther's not only combed Siberia for the finest sables, but bid in the London market for the finest ermine, sent its agents across Canada on the lookout for mink. Even men coveted the Gunther's label. Gunther's long operated the only men's fur department in Manhattan, offering coats made of every kind of fur, from buffalo, favored by post-Civil...