Word: marketeers
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Dates: during 1930-1939
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...pass on the right of the Government to retail electricity, only to take the necessary steps to get rid of a byproduct. Nor did the Court pass on the right of the Government to distribute its power for social purposes in a wider area than would constitute a "reasonable market." However, TVA men had a right to rejoice: They had been freed of a major legal threat, could accomplish much before new threats arose...
...Roger. Roger Deering did not go to college. Tuberculous since he was 17, he was bed-ridden most of his years, lived a life as inactive as his grandfather's was exciting. He kept financial reports by his bedside, was sharp enough to get out of the stock-market before the 1929 crash. In search of dry air, he was carried to Egypt, Spain, then to the U. S. Southwest for good. Not since 1923 had he seen a football game with sharp-faced President Walter Dill Scott, of Northwestern, great ferret of endowments, great friend of Deerings. Roger...
...over the previous month. The price of scrap, steel's principal raw material, was still rising. Better demand for structural steel was expected, since building contracts were holding 60% above the 1920-30 average and more than 100% above a year ago. More important, railroads, already in the market for rails and rolling stock, were counted on for the biggest steel orders in years...
...Other market news of the week: ¶Booming along in a series of 2,500,000-share days in the eleventh month of almost uninterrupted advance, the market last week was 60% above last March, 270% above its July 1932 low. ¶Day the Supreme Court handed down the long-awaited TVA decision, traders swamped the market with buying orders for utility stocks as soon as they learned by news tickers that Chief Justice Hughes had started reading the opinion, dumped them even faster when they realized its meaning (see p. 16). In the ensuing confusion, trading halted temporarily...
...There is no basis at the present time for hedging against inflation. Inflation, when it comes, will start with the Congress of 1937. In fact, the situation now is such as to justify the sale of stocks rather than their purchase. Every indication points to a much lower market this summer. Business improvement has not carried through." Predicting an unprecedented boom from 1937 to 1939, then a terrific crash, followed by prolonged depression, he advised Republicans that it "would be very unwise to try for office during the next eight years, because if they should be in power from...