Word: prospective
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Dates: during 1930-1939
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...sophisticated daring, careers of ruffians, lawyers, filles de joie, doctors. Last year reporters were popular because they are considered dissolute and apt at repartee. This year, Broadway colyumists are even more popular for the same reasons. No fewer than three pictures about colyumists appeared last week, with more in prospect...
Motivation of the change was the prospect of a balanced Federal Budget. New York banks, previously aloof from the bondmarket because of fears regarding Congress (TIME, June 6), made good their promise that a balanced Budget would send resources sweeping into the investment market. Suddenly formed and announced was an American Securities In- vesting Corp. into the coffers of which 20 Manhattan banks poured...
This was, of course, pointing a polite finger at Congress. All week the Senate had haggled over the tax bill (see p. 12). All week the prospect of balancing the Budget had remained hazy. Day by day it was increasingly apparent that until Congress acted on the Budget and showed signs of adjourning, Business & Finance must remain hesitant. The committee had to agree with the banking community that it would be folly to use the reserve of credit to bolster bonds before Congress assured a balanced Budget...
Most favorable prospect for oil companies is that the year-end may find prices still up, saving them from large inventory losses such as wiped out profits last year and the year before. Real hope of an oil tariff has also encouraged U. S. producers, made them grateful to Oklahoma's soft-spoken Wirt Franklin and his efficient Washington lobby...
...tipped," for it is now advantageous to whisper the existence of the pool. The stock is churned over & over, bought & sold to attract attention. When outside buying begins, the pool manager drives up the price by concentrated buying. Outside enthusiasm grows, amateur traders hear a big rise is in prospect. Most pools do not play for large advances but for small profits on large blocks of stock. When the profit in sight seems satisfactory, the pool manager starts selling more than he buys, transactions increase by leaps & bounds. Canny chart readers sell too, for they readily spot...