Word: marketer
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Dates: during 1920-1929
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...confirmed by the Senate, plus the Secretary of Agriculture ex officio. It will have a working capital of $500,000,000 supplied from the U. S. Treasury. With this cash to lend, it will try to induce farmers to forego some of their normal independence, to join co-operative marketing associations. These associations, with money borrowed from the board, will attempt to moye food from farm to market more cheaply, with less spoilage and waste, than is now accomplished by scattered and individual private effort...
...second important task of the new board will be to help organize and finance special stabilization corporations among farmers to purchase surplus farm products from glutted seasonal markets and hold them in storage pending better prices. In the past such large-scale grain corporations on private capital and under private control have failed. It remains to be seen whether federal cash and supervision can make them successful. Critics of the new farm relief legislation predict that the Federal Farm Board will loan large sums to such corporations which in turn will buy in surplus commodities on a falling price market...
...spite of dull 2,000,000-share stock market days last week some specialty stocks remained buoyantly active. Utilities, congenitally defiant of the financial laws of gravity, were particularly strong. In addition to the general potency of such words "as "superpower," "giant power," they were inspired by rumor of mergers in New York State utility companies. Over-the-counter houses were selling shares in the new company before its formation was officially announced. Parties to the merger, described as a Morgan-Schoellkopf-Carlisle union, were...
...Hide & Leather industry during the first quarter of 1929. Hides would sell at 19½?, then would come a period of stagnation, then trading would reopen at 16½?. there would be another stagnant period, then another reopening at 15½?. It was like a Wheat Market which opened only one day a week, and a falling market in which lack of continuous trading made it difficult to get out from under on future contracts that would result in a loss...
Said President Katzenberg: "Abrupt price fluctuations are most devastating to dealers, tanners and importers. With the Exchange in operation there will be a ready market, and while the trend will be governed by actual conditions prevailing in the trade, fluctuations will be reasonably regulated and [traders] will have an opportunity to make hedge sales whenever they feel inclined...