Word: marketeers
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Dates: during 1930-1939
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...knees," said John D. Rust last week, "and picked cotton when we were boys. We decided then that we would try to invent a machine that would do this back-breaking toil. We have that machine. It will do the work of 50 to 100 men. Thrown on the market in the manner of past inventions, it would mean, in the share-cropped country, that 75% of the labor population would be thrown out of employment. We are not willing that this should happen. How can we prevent...
Secretary Morgenthau said he had had "an awful time with free riders." In Wall Street parlance a "free rider" is a person who buys a new issue not for investment but for the speculative possibility of immediately selling it in the open market at a profit. For free riders the Treasury's long-term bonds turned out to be a joy ride, since they promptly rose more" than 1½% above the offering price...
...Gold diggers had discovered the deposits, thought them graphite. Even after they proved to be molybdenum no one was particularly excited because the ore was low-grade (8 lb. to the ton) and Scandinavia and Australia, with small reserves higher in metal content, could more than supply what market there...
...investment record, which is better than the sorry average (TIME, March 9). Though questioning management relations between Mr. Presley's National Investors and Mr. Presley's Fourth National, the committee was most disturbed by the fact that Fourth National stock sells for far less in the open market than the value of the excellent assets behind it, a condition by no means unique among investment trust stocks. The committee felt that their trust should stand ready to buy its own stock at any time for approximately the actual asset value, as does that remarkably successful open-end Boston...
...quick. Wanting to get rich very quickly, he took a flyer in South American mining shares. was soon over his ears in debt. Leaving his stuffy law office, he persuaded Murray to start a daily paper to rival the great London Times. The paper appeared just as the market crashed, petered out in a few months. All this happened before Ben was 21. He thought his career was ruined, his life over...