Word: markets
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Dates: during 1920-1929
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...Just now the Stock Market is badly run down," pontificated the Viscount in his Daily Mail, Britain's daily of largest circulation (1,989,043). "I am sorry to see that the wave of apprehension . . . is deluding some of the shareholders in my group of companies into throwing away their shares at prices which I can assure them are much below their real worth. . . . It is almost tragically humorous...
...bond salesmen, already excited by signs of a real revival of activity in the bond market, there was tossed last week the biggest single bond issue since 1926. It was $100,000,000 of 5% convertible debentures of the famed Texas ("Texaco") Co. Just as the big 1926 issue of $120,000,000 of 5% Standard Oil Co. of N. J. bonds was oversubscribed immediately, so last week's Texas offering was sold between its release in the late afternoon and 10 o'clock the next morning...
...Thieving as a Moslem," is a common term of reproach among Bengal Hindus. 'Vain as a Babu,"* is the prompt response of Bengal Mohammedans. Last week Calcutta's Mohammedan quarter shook with Homeric laughter at the latest, greatest example of Babu vanity. Potent among Bengal market-gardeners is the wealthy Roy Mukerji Das, who employs 2,000 laborers in his truck gardens, holds a virtual monopoly of the Calcutta vegetable market. Last week, pondering his own potency, the great Roy Mukerji Das sent a letter to officials of the Calcutta Markets Committee: "Honored Gentlemen: "Herewith I make application...
When Roger W. Babson, famed statistician, last month told the Market it was riding to a fall, and then the Market quickly rallied from the depression caused by his statement, Mr. Babson was flayed by all the financial writers in New York whose pleasure it is to reflect the views of their friends, the brokers. "A statistician who has been always wrong"-"A man for whose opinion the market has no great regard"-"A chronic bear always predicting disaster"-were typical introductory sentences to Babson-flaying opinions. Last week the Market broke and the commentators either blamed the Hatry incident...
...Ohio ride on trolley car or bus, these people are using water power or electricity provided by Mr. Porter's company. Stock holders in Mr. Porter's company know that its outstanding common stock value has risen $196,000,000 this year, that the total stock market value of those shares was worth last week $295,892,503, that these greatly increasing profits are due largely to the company's electrical subsidiaries and their prospects. Friends of Mr. Porter know that he was born in the largest house in Washington Square, Manhattan, that his golf is poor...