Word: marketeers
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Dates: during 1930-1939
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...place to say whether the market is too high or too low. That's for buyers and sellers of stocks to decide for themselves. . . . But I don't like the looks of the recent flurry in stocks selling at a few dollars a share. That kind of activity in 'penny' stocks may mean, the uninformed person is coming into the market-and that is a matter for concern...
This statement safe & sane though it might sound to most laymen, caused many an old eyebrow to rise in Wall Street last week. For one of the New York Stock Exchange's oldest and most honored traditions is official silence on the state of the market. And the speaker was forthright Charles Richard Gay, the Exchange's "New Deal" president, talking to an Associated Press reporter...
...Grande with the help of Elisha Walker's Interstate Equities Corp. in a deal which has since aroused the curiosity of the Securities & Exchange Commission. Thus, at about the time Richfield was succumbing to overexpansion and mismanagement, Sinclair got his first sizeable foothold in the California market...
...would raise the bid. Sinclair's last offer was $17,600,000 in stock, $10,000,000 cash in 1933. This was $5,000,000 more cash than Standard offered, but Richfield's bondholder and creditor committees decided that Harry Sinclair's securities were of uncertain market value, turned down his bid. It looked as if President Kingsbury had won. At Consolidated's annual stockholders' meeting in 1934, however, Harry Sinclair showed his ace. He announced that a deal was on with Henry L. Doherty to buy Richfield jointly. Same day, in California, Cities Service...
There are innumerable varieties or surface waxes on the market; the ones that I have found the most suitable are the following...