Word: marketeers
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Dates: during 1930-1939
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...operating chief, Sam Insull knew no peer. His network of gas, light, power and transit companies spread over 32 States from North Dakota to Florida to Maine, served some 10,000,000 people, had securities with a market value of over three billion dollars, had combined earning power of a half billion a year. Sam Insull, however, was not content to be known as an operating genius alone. Through an elaborate series of investment trusts and holding companies, he proceeded to acquire stock control of those same utilities which he already controlled through good management. Because others were bidding against...
...went to Congress month ago (TIME, June 13), pointed out that eight companies dominate the field but that two are pre-eminent-International Harvester Co. and Deere & Co. Part II which went to Congress last week pointed out how these companies came to control a large portion of the market by buying up competitors, listed the following factors as "indicating serious monopolistic conditions": 1) dominant position of International Harvester; 2) big advance in farm-equipment prices as compared with other manufactured products; 3) price rigidity in farm equipment during Depression; 4) swift rebound of farm-equipment prices after the Depression...
...have tried to banish tip sheets from Wall Street, but investors may still buy astrological magazines in Manhattan's financial district. In American Astrology for July, a market forecast by one Colby Griffin said that the conjunction of Mercury and Mars "in square aspect to Saturn . . . (the house of speculation)" made caution in July investments advisable...
...York Stock Exchange seat sold for $80,000 last week, up 57% in three weeks. Brokers' loans, always the best index of speculative interest in the market, rose to $537,000,000, a $22,000,000 increase in two weeks. Trading on the Exchange, however, turned down last week in the reaction which Wall Street always expects as speculators cash in their profits. One day sales volume hit the highest point since October 29, (2,774,320); two days later volume tumbled to the lowest in three weeks (592,300). Dow-Jones industrial averages at week...
...Marketed last week, at record low interest rates for industrial bonds, was a Standard Oil Co. (N. J.) $50,000,000 issue of 15-year, 2¾% debentures and a$35,000,000 issue of serial notes yielding from 1¾% to 2½%. In early bidding the debentures jumped to a premium of 99½ (formal price was 99), while the notes (priced at 100) went to a premium of ½ point. Same day Crown Cork & Seal Co., Inc., sold $10,000,000 in 4½% debentures at 99. These offerings were the first sign of life...