Word: marketeers
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Dates: during 1930-1939
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...billion and a quarter in silver is approximately one million 1,000-oz. bars, each ounce worth $1.29 at the Government's statutory price, or 43? on the metal market. A thousand ounces is 62½ lb. To move a million such bars, a fleet of trucks was needed, and last week Mrs. Ross awarded her contract to Peter James Malley Jr., 38, of Manhattan, son and grandson of Irish truckers, who bid her 15? per bar for the 50-mile haul. Mr. Malley hauls most of New York City's whiskey, also dyes and chemicals. He figures...
...mass meeting in honor of the U.S. attended by President Laredo Bru and Strong Man Colonel Fulgencio Batista. Well might Cuba honor Eminent Citizen Roosevelt's Administration who in 1934 signed a reciprocal trade treaty which lowered the duty on Cuban sugar, helped to restore Cuba's market for her main crop...
...affect stockmarket prices and other indices of prosperity. From 1929 through the Depression bottom of 1932 to the highs of 1937, the correspondence between active sunspots and booming business has been remarkably close. Last week it was also seen that the July 1937 sunspot peak preceded the August market break by only a few weeks. Thus Depression II may be linked to the current sunspot downgrade. But no temporary outburst of sunspots was reported to accompany last week's ebullient stockmarket...
Most exuberant metaphormix born of last week's continued market rise was voiced by Secretary of Commerce "Uncle Danny" Roper: "Now is the time for business to set its sail to the forward current and prepare for participation in the now forming upward swing...
Last week it became apparent that United was still looking for a way out. To its stockholders. President George H. Howard sent a letter proposing to write off as market losses $434,130,478 of its $580,049,445 book assets. Announced purpose: to permit the resumption of dividends on United's preferred stock based on the portfolio as revalued by the state of the market last December 31. But President Howard admitted that if stock-holders agreed, the way would then be cleared for sale of enough of United's holdings to reduce its control...