Word: marketer
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Dates: during 1920-1929
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...Mechanics Bank; $150, National City Bank. So few bank shares are purchaseable in the open market that increased demand skyrockets the price...
...spite of this best and biggest trainpuller, however, the U. S. locomotive industry is now completing its poorest year in recent history. Locomotives are a drug on the market. During the first seven months of 1928, U. S. railroads placed orders for only 171 locomotives.-But Baldwin Locomotive Works alone can build 3,000 locomotives a year. The railroads are not in the market for any new equipment that they can get along without, and they can easily get along without new locomotives. For they have now in storage some 6,900 engines. Many of these engines are aged, inefficient...
...foreign trade situation is as discouraging as the domestic. During the first six months of 1928, U. S. locomotive works had shipped to foreign countries only 75 locomotives. Even this meager figure represented a rapidly falling market. On Aug. 1, 1928, U. S. locomotive builders were constructing 73 locomotives for foreign roads. On Aug. 1, 1927, they had been building 209 such locomotives, and on Aug. 1, 1926, there were 517 U. S. locomotives under construction for the export trade. Thus the 1928 export production has shrunk to about one-seventh of its 1926 figure...
...bull market in oils is not caused only by Partner Walker, not only the work of Blair & Co. Other and even more powerful interests have influenced the rise in oils. Chief among these other influences is Arthur W. Cutten who has gone into Sinclair Consolidated as Blair & Co. have gone into Prairie oil. Always a bull, never a bear, Arthur W. Cutten has done more than any other individual to make the overload stock ticker lag far behind the market and Prairie Pipe. He has been in Radio Corp., in Montgomery Ward, in many another of the soaring stocks that...
...Soon Arthur Cutten, still a messenger boy, was working for a commission house. From messenger boy he became a clerk for A. S. White, onetime president of the Chicago Board of Trade. Later he was one of A. S. White's pit traders. Then he entered the grain market for himself, and during the World War is said to have made more money than any other individual operator. He once accumulated four million bushels of corn, bought at 80? a bushel or less; held them until they sold at from $1.11 to $1.14½; realized a profit...