Word: prices
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Dates: during 1930-1939
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...pestered by stockholders who want a market valuation for their stock. Therefore last week Victor Chemical Works offered a public sale of 150,000 shares, planned to seek listing on the New York Stock Exchange. Half the stock represents new financing, half was acquired from a group of stockholders. Price: $19 per share...
...price of rhubarb root (a cathartic) last week rose to 65? a lb., up almost 200% in the past three weeks. Ephedrine (a nasal astringent), which hay fever sufferers this month are using everywhere, similarly shot up 200% to $3 an ounce. Mandrake root, which Elizabethans considered a cure for sterility and druggists now use in physics, soared to $4.25 a lb. These convulsions in the minor Oriental drug trade last week were solely the effects of the war in China. Nor were they the only commercial effects in the U. S. To the confusion of economic isolationists...
...York Stock Exchange (see p. 57), but other Exchange excitement could be laid entirely at war's door. Wheat jumped 3? a bushel one day on the Chicago and Winnipeg markets on a general war scare. Japanese bonds, in spite of a rally, stood 15 points below their price three weeks ago-a pain to U. S. banks which hold them as collateral for loans to Japan...
Unfounded rumors of silver shipments totaling $100,000,000 from Canton and other cities in the interior of China to Hong Kong broke the price of bar silver in London to a new 1937 low of 19¼d (43?) an oz., 1½? below the U. S. price. Result- the U. S. Treasury therefore became a heavy buyer until the price differential was erased. Arbitragers promptly took advantage of the same situation, and 3,175,000 ounces of their silver last week arrived in Manhattan. On a war scare virtually all principal foreign currencies developed weaknesses against the dollar...
Meanwhile tea. anise, antimony, Perilla oil and galangal root, all imported from the Orient, rose in price. So did tungsten. Some 60% of this rare, whitish-grey metal comes from China. Technically known as wolfram, tungsten has a higher melting point than any other known metal (6,000° F.), is used in electric lamp filaments, radio tubes and high-speed tool steel...