Word: marketeers
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Dates: during 1930-1939
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Secretary of Agriculture Wallace: We demand that the farmers shall be guaranteed a market at fair prices for their produce...
Garcia's tomb is in a convent near Burgos. In 1921, the artistic and acheological interest of its effigy was recognized, and it was removed to Burgos, where it was put on exhibition. This winter it turned up in the New York market and was purchased by the Fogg as a fitting memorial for A. Kingsley Porter, late William Dorr Boardman Professor of Fine Arts and an authority on medieval archaeology. Paul J. Sachs '00, associate director of the Museum, believes this to be one of the most important acquisitions in several years...
...height of the 1929 investment trust boom people were eager to pay $1 for the privilege of having $1 invested in their behalf by Wall Street banking houses. The extra $1 did not actually go to the investment bankers. But in the open market people scrambled to buy investment trust stocks for a price which was twice the value of the assets behind them. Assumption was that any banker worth the name could, in a trice, make at least 100% on money entrusted to his care. When it was belatedly discovered that banker-managed investment trusts could lose money just...
Aside from providing small investors with an opportunity to obtain broad investment diversification, an investment trust's only justification is a record better than the market averages. U. S. management trusts as a whole have provided employment for hordes of bright young college graduates, a good living for their managers and plenty of commissions for their banking sponsors. Otherwise they have failed to justify their existence...
...stock split, National Lead offering ten shares of a new $10 par common for each share of the $100 common now held. From an arithmetical standpoint, a stock split 10-for-1 should emerge with the new shares selling at one-tenth the price of the old. The market, however, reacted enthusiastically to a split-up which reminded traders of 1929'S happiest days. National Lead also announced 1935 earnings of $5,261,000, best since 1929, and lead prices were rising in a busy market for the metal...