Word: profiteer
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Dates: during 1930-1939
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...into such ordinarily dead issues as coal stocks, which nothing short of a World War could volatilize. This World War, by pushing Germany and England out of the world coal market, was bringing U. S. coal companies some pretty fair export business. In addition, if anybody stood to profit momentarily from industrial forward buying, they did: they couldn't fill their orders. Pittsburgh Coal was traded at $8½ (up almost 300% from $2¼), Consolidation Coal at $6¾ (up over 500% from...
...Peace Jitters." In far from bucolic Wall Street, meanwhile, war babies stocks sagged heavily as traders, apprehensive of peace proposals Orator Hitler might make at Danzig, did a little quick profit taking, then spun the dials of their radio sets to hear the Führer. "It was a market based on peace jitters," recorded Financial Editor C. Norman Stabler of the New York Herald Tribune. He figured that the day before, "the market lost 32% of the war upswing" because it was feared that A. Hitler might directly propose peace...
...barter idea sounded as crackbrained as opening a theatre at the bottom of a well. But farmers, housewives and hillbillies hitched up their wagons, armloaded themselves with victuals, and drove to town. All summer the actors ate hearty, and at summer's end the Barter Theatre showed a profit of $4.30 and two barrels of jelly...
...members, U. S. Chamber of Commerce President W. Gibson Carey Jr. sent a message: "We business men . . . wish no profit advantage through the wrecking of great cultural and spiritual values. . . . We want peace in the world...
...preferred stock, 100,000 shares of no par common (current price $3.75). Although funded debt has been reduced by almost one half, Marion owes $1,619,388 back dividends on her outstanding preferred. Two years ago net sales of $6,174,822 gave the firm a $338,191 net profit; last year the company was back in the red, almost $500,000; last week Marion's big, handsome, conservative president, James Hatton Waiters, a crack salesman (who had been on the verge of recapitalizing the company), suddenly observed that apparently Marion was about to have a "very good year...