Word: marketeers
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Dates: during 1930-1939
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...sense was the Grey Friday selling a reflection on Government credit. What the bond market showed, clearly, concisely, was growing apprehension over the course of inflation. With inflation come higher interest rates, and the cost of money and the price of bonds, whose rate of retirement is fixed, work in an inflexible inverse ratio. The current downward trend in bonds set in just about the time the Federal Reserve Board was getting set to cut excess bank reserves for the second time, a move which was sure to boost short-term if not long-term interest rates...
Furthermore, a quick glance at the charts showed that the great bull bond market of the 1920s turned its crest early in 1928 when the real "boom" still had a year and a half to run. But even if bond buyers overlooked that last week, they could not, and did not, overlook two ominous signals from Washington. One was President Roosevelt's observation in his fireside talk that "the dangers of 1929 are again becoming possible, not this week or month but within a year or two." The other signal was that the last official caller at the White...
Only a month ago tin was selling at 50? per lb. Last week it hit a ten-year high of 66⅓, despite the fact that the International Tin Committee threw the London market into confusion by suddenly upping second-quarter quotas from 100% to 110% of 1929 figures. Copper, which was 13? per Ib. a month ago, was boosted for the fourth time this year to 16?, while in London, where speculation in metals is now as wild as Wall Street's wildest days in stocks, copper soared above 17½?. So mad was the copper market that...
Since the rise in copper has long since been discounted in the price of copper shares, the stock market has lately been combed for lead and zinc issues. Market-wise, U. S. Smelting Refining & Mining, which used to be a prime "silver stock," is now a "lead stock" with a high zinc flavor. On boom-time operating schedules it turns out from its own mines about 60,000 tons of lead, 30,000 tons of zinc...
...under!" advised Colonel Frank Knox's Chicago Daily News last week as the cheesemaking farmers of Green County gathered at tiny (pop. 644) Monticello, Wis. to do something about their 1,000,000-lb. limburger surplus, which was threatening to knock the bottom out of the limburger market (now 15? per lb.). Source of three-fourths of the nation's annual 11,000,000-lb. of limburger supply, Green County's farmers did not take the News's suggestion. Instead they declared a holiday. For 46 days until May 1 no new limburger will be produced...