Word: marketeers
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Dates: during 1930-1939
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Despite all these precautions, somebody must have peeked last week because just before Neville Chamberlain unlocked his budget box in the House of Commons there was a great flurry on London's insurance market. Rates against increases in the income tax jumped from 15% to 45%, against increases in the tax on tea from...
...since July 1934, with representative stocks dropping from one to nine points on the New York Stock Exchange. Since early April the Standard Statistics stock average has dropped from 124.9 to 110.9. After more than a year of rising prices such a reaction was not precisely surprising. However, the market's downward drift was accompanied by something more than long faces in brokers' boardrooms...
...ranked second to the U. S. in oil production, though since 1931 Russia has crowded it into third place. In neighboring Colombia, where the oil oozed just as freely, only Standard Oil of New Jersey has so far made the tremendous investment necessary to get South American oil to market. Colombian oil fields are deep in mountainous jungles, far from water transport. Even more important in delaying Colombian developments were the involvements of Colombian concession laws. Standard's 356-mi. Andean Pipe Line from its De Mares Concession to Cartagena on the Caribbean has carried virtually...
When Banker McCain learned from, the national bank examiner in June 1932 that the Harriman bank was from $4,000,000 to $6,000,000 "under" and that $1,300,000 had been lifted from depositors' accounts to peg Harriman bank stock on the market, he concluded that criminal prosecution of Bankster Harriman just then would endanger other Clearing House banks. To postpone such prosecution until the bank's affairs were in order, Mr. Harriman was eased into the board chairmanship, and Mr. McCain induced Henry Elliott Cooper, onetime Chase National vice president, to take the presidency...
...Times editorial's fear that the tax would stunt the growth of American industry and restrict the opportunities for new employment seems silly in view of the fact that the receivers of dividends would still have the opportunity to reinvest these profits through the ordinary channels of the investment market, the only difference being that this market, and not the views of the management of the corporations, should decide in what industries to invest. Considering that the over-expansion of the automobile industry was one of the main causes of the depression, the statistics given by the Times...