Word: marketeers
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Dates: during 1930-1939
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...millions by his firm. As vice-president in charge of the New York Exchange in October, 1929, when securities were plunging down at the rate of ten points a day, Mr. Whitney temporarily halted the crash. Representing the hastily-formed pool of Morgan and other bankers to save the market, he bid high on 25,000 shares of Steel and saved the day, thus creating the "Black Thursday" legend. Later, as President of the Exchange, he was a truculent critic of the Administration, since he opposed federal regulation of security markets. To end the feud between Wall Street...
...name "Harvard" is practically self-sufficient in the Boston region. A substantial, though restricted diet can be taken care of by the Harvard Fish Market, Meat Market, Creamery, Potato Chip Company, Pickle works, and Brewing Company...
...four successive trading days small transactions in lots of less than 100 shares-supposed to be a good index of what the public, as opposed to the professional, is doing in the stockmarket-showed sales exceeding purchases. Since the public had been a consistent buyer during the recent market decline, this suggested to Wallstreeters that the old market adage, "The public is always wrong," was still true. But SEC suspected something else. It launched an investigation to find out whether the sudden change in odd-lot trading was due to an increase in odd-lot short sales caused by professional...
Meanwhile, people were putting oil burners in their basements. Oil burners, compared to the ordinary coal furnace then in use, could be run almost as cheaply, more efficiently, with considerably less fuss. Grateful coalmen reflect that without Iron Fireman their entire market might have been lost to oil. Few Iron Fireman stokers were put into new homes but they were attached to old coal furnaces for less than $500 in 1926, $275 now. They conveyed the coal mechanically from the coal bin to the furnace, and because they fed it in beneath the fire instead of dumping...
...cogent reasons for surprising his dealers: 1) About a third of Iron Fireman dealers sell oil burners as well as stokers, and he would like them to have a complete line of Iron Fireman equipment; 2) The rest of his dealers want a crack at the new construction market, for most contractors still put oil burners in their new houses; 3) Mr. Banfield thinks that making an oil burner may turn out to be a clever way of getting oil burner dealers to carry stokers; 4) In case all attempts to patch up the languishing coal industry fail...