Word: marketeers
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Dates: during 1930-1939
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Less than one inch of rain had fallen during the past 100 days, and the drought was said to be costing United Kingdom farmers last week $2,500,000 per day. With the grass shortage forcing British farmers to fling unseasonably large flocks of sheep on the Home market, thus threatening to break the price, Conservative Robert Hugh Turton begged His Majesty's Government to "keep overseas sheep off the market...
...similarly minded gentlemen, Brokers Edward Allen Pierce and John Hanes, helped elect mild, supposedly liberal Charles R. Gay as Exchange president in place of Richard Whitney. But Gay presently swung to the right: when the market crashed last August he made a speech blaming it on SEC regulation. Paul Shields then took it upon himself to go see SEC Chairman William O. Douglas. Thenceforth, while Douglas attacked from Washington, Paul Shields and John Hanes worked from within. The Richard Whitney affair was the Trojan horse which delivered the Exchange into their hands. John Hanes then went blithely to Washington...
...first time since mid-March The Annalist index of wholesale commodity prices moved upward. High-grade bonds continued a steady improvement begun six weeks ago. The stock market after a 1½ month long irregular rise notable even in the depressed railroad and public utilities, stood still-but odd-lot traders, who have been buying against the trend, suddenly switched to selling...
...construction, maintenance, refunding old debts, U. S. business needs money badly. Normal method of getting it is by selling stocks or bonds. But since last fall's market crash and the fiasco which resulted when the public refused...
...three-year low. That this jam could be broken was indicated by the successful disposal of two big bond issues, Appalachian Electric's $67,000,000 in February and Consolidated Edison's $60,000,000 fortnight ago. Last week brought more evidence that the capital market is opening up: one new issue was sold, three more were announced...