Word: marketeers
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Dates: during 1930-1939
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...organization very much in the market for bright shiny cinema starlets is Darryl F. Zanuck's 20th Century-Fox. Having found Marjorie Weaver of the University of Kentucky campus, this company is now dipping into its coffers to get you and me to know her better. The alumnae of Kappa Kappa Gamma at Kentucky already know her well...
...always been known as "the Morgan brokers." It was in behalf of a Morgan banking group that Richard Whitney strode across the floor to U. S. Steel post on a dark day in 1929 to bid $2.05 per share for 25,000 shares of steel -15 points above the market. That spectacular bid temporarily stayed the avalanche and the tall figure of Richard Whitney became the hero of the crash...
...cocoa-270,000 tons. The cocoa farms are run by native tribesmen, black as a tinker's pot and quick to catch on about the law of supply and demand. In 1930 it occurred to them to do something about prices. Cocoa was so low on world markets that working on the farm didn't seem worth their while. In a few months much West African cocoa land was jungle again, and the price of cocoa went up. In 1936 there was slightly less rain than usual in the rainy season-what, for Equatorial Africa, amounted...
...happened to all commodities. Last September the last of the 1936-37 crop was selling for 6½?. Then rumors began to arrive with the rats on the ships from the Gold Coast. The natives were going to hold up the new crop, which was due to hit the market on the first of October. A few months later the rumors sharpened: the natives were burning their cocoa...
...tons to 5,000. Mr. Tete-Ansa himself has advised his farmers to burn "at least 40,000 tons." Last week the price was down to 6? a pound. Whether or not great quantities had been burned since October, only 44,000 tons of Gold Coast cocoa reached the market. In the same five months last year the figure was 176,000. What witch-doctors, the natives wondered, were keeping the price from going...