Word: marketer
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Dates: during 1920-1929
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...Federal Farm Board last week dipped deep into its capacious pocket and drew forth $100,000,000 for wheatmen throughout the land. It was Husbandry's biggest loan. If this sum were not enough to help cooperative associations stabilize the wheat market, the Board promised to ask Congress to advance more of its $350,000,000 credit still untouched...
...wheat market, to the Farm Board's large concern, has been on the down grade of late. In the Chicago pit last week prices for December delivery slid from $1.25 per bu. to $1.13, recovered somewhat, closed at $1.23 per bu. Last July the same wheat stood...
Federal Farm Board Chairman Legge announced that wheat prices were too low, ascribed this condition to two causes: 1) "Rapid and disorderly movement which is putting a large part of the year's supply on the market in a short time"; 2) "The unprecedented liquidation of industrial stocks and shrinkage in values within the last few days" (see page...
...Industry. Now they were trying to get rid of them even more frantically than they had tried to get them. Stocks bought without reference to their earnings were being sold without reference to their dividends. At around noon there came the no-bid menace. Even in a panic-market, someone must buy the "dumped" shares, but stocks were dropping from 2 to 10 points between sales-losing from 2 to 10 points before a buyer could be found for them. Sound stocks at shrunk prices-and nobody to buy them. It looked as if U. S. Industries' little partners...
...should sink further, Panic with its most awful leer, might surely take command. Loudly, confidently at Post No. 2, Broker Whitney made known that he offered $205 per share for 25,000 shares of Steel-an order for $5,000,000 worth of stock at 15 points above the market. Soon tickers were flashing the news: "Steel, 205 bid.'' More and more steel was bought, until 200,000 shares had been purchased against constantly rising quotations. Other buyers bought other pivotal stocks. In an hour General Electric was up 21 points, Montgomery Ward up 23, Radio...