Word: markets
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Dates: during 1920-1929
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Wall Street, The news reached the New York Stock Exchange after closing hours. Next morning bedlam reigned?a bedlam of selling. It looked as though Wall Street's interpretation was that the "Coolidge Bull Market" had ended. But by luncheon time, the shrewd were profiting by the haste of the nervous. A buying reaction set in that expressed Wall Street's more considered faith in the availability of Mr. Coolidge if needed and the stability of the G. O. P. if he is not needed. The net decline of 50 representative stocks on the day of "panic" was only...
Long ago?in the early spring of 1924?Congress embarked upon the task of succoring the farmer. Two plans were vigorously suggested: 1) the McNary-Haugen bill which provided for a huge Government brokerage corporation to buy the farmers' crops and virtually fix the market prices, operating expenses being paid by an equalization fee (crop tax), collected from the farmers; 2) the Norbeck-Burtness bill which would aid the agrarian by lending him Government money...
...cooperative farmers. It provides for the creation of a Federal Farm Board of three members, with advisory councils. These men will establish commodity stabilization corporations?one for each important crop. The Government will lend $250,-000,000 to these corporations, so that they may purchase crops in the open market during periods of depression. To cooperative farming associations, the Government will lend $25,000,000 to buy equipment, warehouses, etc.; $25,000,000 for operating expenses...
...them better to deal in cheap Russian oil, they do not care for the rest of the world and especially not for the American oil producers, as Vacuum looks upon the whole matter from the point of view that they are oil traders wishing to buy in the cheapest market and are not concerned with the American crude production? From an exclusively trading point of view this position only seems to be right, but it is a short view and the folly of it is bound to be shown in the future. Shortsighted people run greater risk of being...
Viewed in the light of a shrewd investment, the du Pont activity had a strengthening effect on the stock market last week, as did the news that General Motors profits for the first six months of 1927 were $129,250,207, the largest net earnings of any U. S. corporation since the abnormal World War profits...