Word: markets
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Dates: during 1920-1929
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After prolonged debate the Chamber concurred in this view, voting 335 to 185 for the bill in its new form. If passed by the Senate, it will leave the Standard, Shell and Anglo-Persian oil firms in virtual dominance of the French market, though theoretically curbed by a new licensing commission with limited powers...
...turned professional last week. On the scheme of following the Romans while in Rome, he announced that he would conduct now only for a fee and one comparable to that received by Arturo Toscanini (i. e., approximately $2,500 a concert). His services are to be on the market in Manhattan for eight days at which time he will start on a sightseeing tour-to Philadelphia, Chicago, Detroit, St. Louis, perhaps Canada...
Rumors of a $600,000,000 merger involving the Baldwin Locomotive, Westinghouse Electric and Manufacturing, Westinghouse Air Brake, American Steel Foundries, American Rolling Mills and Standard Steel Car Companies were rife in Wall Street last week. Arthur W. Cutten, Chicago grain speculator and Manhattan stock market operator, was reported to have drawn up a plan with the Fisher brothers (Charles T., Fred J., Lawrence P. & William A., Detroit capitalists of Fisher Body fame), for a holding company into which the stockholdings of these recently successful investors would be pooled. A community of interest between six of the most prominent railway...
...Government monopolized railroading and expressing. In 1918 a single new company, the American Railway Express Company, inherited from the Government a monopoly of the express-carrying business of the U. S. The three oldtime companies have valuable stock interests in this temporary express trust, which enormously increases the market value of their own shares. The holdings of Adams Express in American Railway Express stock were estimated last week at $10,904,300 of the total $34,642,000 capital...
Long will it be remembered in Wall Street that last week's unparalleled bull spurt came immediately after a dull bear market, precipitated by a sudden break (TIME, Feb. 27). Equally long will market historians discuss the reason for last week's phenomenal spurt. The principal reason was the unexpected action of the officers and directors of the General Motors Corporation in purchasing 200,000 shares of their own stock in the open market for their own account...