Word: marketeers
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Dates: during 1930-1939
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...Market Control in the Aluminum Industry" by Donald H. Wallace '24, assistant professor of Economics, 599 pages, $5.00. Industrial organizations face perplexing problems today, and the author attempts to show by examining the mixture of competitive and monopolistic forces in the aluminum industry the primary requisites for a constructive change...
Classing Fascism with Communism in their failure to eradicate the class-consciousness evolved by the Industrial Revolution, he affirmed that "The true solution to the ridicule of class struggle is world division of labor and a free world market...
...Museum of the City of New York last week was given $50,000 to create a gallery depicting the history of the New York Stock Exchange. When the gallery is completed there may well be mention of last week's market, for prices sagged broadly to a new 1937 low. Dow-Jones industrial averages closed one day at 118.13, lowest closing point since June 1935 and only a fraction above the depths touched by prices on "Black Tuesday," October 19. U. S. Steel dropped...
Behind the renewed market fall there was no new cause, merely an emphasized continuance of the old ones. Steel production fell five points more to 31% of capacity. Freight cars. were 12% less full. Automobile production dropped to 83,000 units against 116,000 for the same week last year. The National Industrial Conference Board announced that employment had fallen 6.4% since August.* Lumber and power output slipped again, and national advertising lineage in newspapers was 16% lower than last year. About the only thing that could have halted a market slide in the face of such statistics was good...
...Schulte, Whelan Drug Co. and United Cigar Stores Co. got together and started 59 Schulte-United 5?-to-$1 stores throughout the U. S. United Cigar got out of that just before the 1929 market collapse and in 1931 Schulte-United slipped quietly into receivership. Now there are only 20 Schulte-United Stores, none of them in New York...