Word: marketer
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Dates: during 1920-1929
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...financial markets have come to another halt. The stock market, digesting recent price-advances, has proved irregular and less active, while sterling exchange has also lingered on its way back to par. The wheat market has experienced a severe but apparently speculative break below $2.00. Iron and steel production has mounted rapidly to what is already being called its peak for 1925 by business forecasters...
...bank's loanable funds and, as a result, there is little need of rediscounting. This leaves the Federal Reserve Banks with comparatively few bills and little paper in their portfolios; and, in order to show even light earnings, the Banks have been purchasing bills in the open market-a practice which, of course, tends to maintain ease in bank credit and low interest rates...
...electric and telephone companies have for some time undertaken to market at least part of their obligations among their patrons, but the application of this practice to railway financing is novel. Recently, the New York, New Haven & Hartford Railroad, whose financial ups and downs have affected the greater part of New England, decided to try the expedient...
...only is the securities market in good condition to absorb such a stock offering at the present time, but the recent earning statements of the company are also considered to be an attraction...
...slightly precede the crest of business prosperity, are seen. There is a large school 'which adheres to the belief, consciously or not, that all "business cycles" are alike in duration as well as in general theory and phenomena. Hence some "financial services" are already bearish on the stock market and are becoming pessimistic over the business outlook also. No prophet can, of course, be entirely disproved until after the event...