Word: markets
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...irregular advance in prices. As yet, no signs of security inflation have appeared except in a minor way. Brokers' loans are stationary, and purchasing is still largely for cash. Declarations of new dividends, especially among the weaker railroads, already go to show that the autumn's "bull market" has not been a merely speculative movement, but caused by fundamental economic reasons...
...Moreover, securities of different industries have behaved quite differently. Industrial news continues to become more encour- aging. Last week, the copper industry began to cheer up, as the iron and steel industry had already done. Yet prospects of any industrial boom are still far away, and the slowly rising market for most industrial securities seems to predict a powerful although quite grad- ual improvement in industry itself next spring...
...been continuing at about an average of 2,000,000 shares a day, with rising prices in both rails and industrials. Liberty bonds, on the other hand, have been weak and other gilt-edged bonds have been stationary or weak-another normal sign of a good-sized "bull market." The heavy trading in shares has drawn forth many comparisons with active markets in the past-particularly with that of 1901. As yet, however, the present market has still to equal many records established in that financial classic. No bull day has yet seen 3,200,000 shares sold...
Several facts, however, are plain. The Reserve system is today the richest and most powerful central banking institution in the world; it has replaced even the historic Bank of England as the centre of the world's money market. It has furthermore apparently survived an agrarian political attack which a century ago wrecked both the First and Second U.S. Banks...
When the publisher takes his wares to market, a similar selling psychology teaches him that announcement of his table of contents has nowhere near the magnetism of a striking hint, a single graphic stroke of advertising along a popular line. Depending on the elevation of the publisher's mind, this stroke will be "high" or "low"?something between popular religion or popular sex? a brilliant, mental contortion, or a vulgar, scandalizing distortion. Very, very seldom will the stroke be accurately indicative of the nature of the table of contents, or even of the nature of that feature...