Word: marketer
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Dates: during 1920-1929
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Grover Cleveland, of Buffalo, N. Y., was beginning his second term as U S President when a man named Walter Platt Cooke, recently come of age, put his legal services in the Buffalo market. He knew Buffalo-it was about the only city he did know. It had supplied his crib, his rattle, his roller skates, his education- everything except an LL. B. degree which he had obtained from across the hills, at Cornell University...
Since the election almost a year ago, market trading has been on a greatly expanded scale. Up to Sept. 1, total sales there in 100-share lots have aggregated about 358,759,900 shares. This figure, however, does not include numerous "odd lot" transactions in from 1 to 99 shares, which contribute about a third again as many shares sold. As a result, true total sales on the Exchange since election have amounted close to 500,000,000 shares altogether...
...about five months stocks have scored a practically uninterrupted advance, and as a result the market became listless and top-heavy. Suddenly, and largely of its own weight, it toppled over. Leading shares, speculative favorites in the previous advance, showed a wide decline of from 10 to even 20 points from the year's high levels...
...there are certain clouds on the business horizon which later on may or may not blow up into stormier weather. The chief of these is the tendency of individual and institutional investors alike to place funds in fixed rather than liquid assets. This tendency accounts for much stock market activity, and for the even wider and greater speculation in land and improved real estate. So far has activity in both these fields gone, that the wiser heads in Wall Street and the more hard-bitten realtors of Miami are now wondering where the limit is. It is not yet clearly...
...producers can spend large sums in producing films for the home market alone; whatever sales or leases are made abroad are considered as surplus earnings. After yielding handsome returns in the U. S. over its cost, Charlie Chaplin's The Kid is said to have brought $350,000 returns in Britain. On the other hand, a successful British film exhibited in Britain, British Colonies and continental countries (but not in the U. S.) yielded a total return of only $100,000. A successful picture can scarcely be made for so small a sum, capable of competing with even...