Word: markets
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Dates: during 1920-1929
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Violence strode the world last week. Great storms lashed the Great Lakes (see p. 15), the stock market crashed historically (see p. 45), assassin's guns were pointed in Belgium and Chile (see pp. 27, 32). President Hoover, rumbling through Indiana, felt his special train grind to a stop. A sedan had been placed on the tracks at a grade crossing. Secret Service operatives investigated on the spot. Two Negroes were arrested. They succeeded in convincing their captors that, ignorant of the President's proximity, they had plotted merely to collect damages from the railroad...
...White House looked stock traders for some word of hope as the market slumped. The President's word: "The fundamental business of the country ... is on a sound and prosperous basis. ... A temporary drop in grain prices in sympathy with stock exchange prices usually happens...
...Vagabond that life has developed into just one football game after another--with hour examinations in between. Not that the restless rover has any objections to football in itself. Far from it. It is the inbetween that is so upsetting. Along with the turbulent conditions of the stock market these tussels with blue books have succeeded in demoralizing a fondly conceived plan of the Vagabond's. Whereby hangs a tale...
...bull market on which the country has ridden in "Republican prosperity" the past eight years is a commonplace. The break of the past week has been a debacle. Whether the prosperity is to continue, or is to turn into a period of relative depression is hardly to be foretold, but the greatest stock crisis in history can hardly be designated as a technical readjustment. Whether the decline in what admittedly was an inflated market was touched off by the hammering of bear fools that finally tapped a layer of stop loss orders, whether the some what uncertain business conditions that...
...extend any or all accomodation that may be needed. Its reserve ratio the past year or more has been between 70 or 75 per cent some 30 per cent above the legal minimum. Indeed, this unprecedented gold revenue may be said to have indirectly been behind the bull market, since the public knew there were far greater supplies of credit available in the country than they would ever need, and that the high discount rates which the Federal Reserve has maintained in effort to check speculation have largely been a "false front". Related to this situation is the relatively...