Word: marketeers
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Dates: during 1930-1939
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Last week, having rounded out a twelve-month rise without serious interruption, the stockmarket paused for breath. The first anniversary of the Roosevelt bull market passed with no such elated demonstration as that which carried the Dow-Jones industrial stock averages to a flat 300 on the last trading day of 1928. Indeed, the peak of the present rise was registered two weeks before when the averages touched 158.7, a clear gain of 64% from the 1935 low of 96.7. The Dow-Jones railroad stock average showed an even more spectacular gain for the year-85%. Largely because they...
...speed. They took good profits, then wryly watched their favorite issues double, treble, sometimes quadruple in value after they had disposed of them. Some stocks stood still, some are now far below their recent highs and a few actually declined. But, after each little dip in the market, prices in general have gone...
During the worst of the Hitler war-fright the market looked as if it might take a bad tumble. Yet by last week it had regained composure, and prices were nearly back to the highs of the previous fortnight. To the first flood news last week the market was impervious, though later when it was realized that first-half earnings would have to be revised downward for the industrials, utilities and railroads affected, quotations began to soften. What the stockmarket will do next is anybody's guess. But what U. S. business will do for the next few months...
...weeks wholesalers have been swamped with orders. That curious figure, the Fairchild index of Buyers' Arrivals in Manhattan, was nearly 15% above the same week a year ago. Retail merchandise deliveries in the New York metropolitan area, comprising at least one-tenth of the total U. S. retail market, were up 10% for the first two weeks of this month. Except in flood regions, where there would be little if any, Easter trade was expected to be the best in years...
Cans & Cash. Stockholders in Carle Cotter Conway's Continental Can Co. were last week offered a chance to buy Continental Can stock at $60 a share, about $20 under the market price. Holders can buy one new share for each 15 shares now held. To be underwritten by a banking group headed by Goldman, Sachs & Co., the offering is one of the few big bids for fresh capital made in the past five years, will supply Continental Can with $10,660,000 of new cash. The company also plans to sell another 75,000 shares to employes...