Word: reasonably
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Dates: during 1920-1929
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...reason for this discontinuance...
...their shut-mouth rule by James Couzens, a committee member. The committee's doings, the ups and downs of rates, were supposed to be secret, but when high-protectionist Senators commenced to "leak to interested business men, Senator Couzens, as independent as he is rich, could see no reason why he should not likewise tell his constituents what he was doing...
...flabbergasted by a spirited defense of stock trading which, to many, signified a major sociological shift. Bishop James Cannon Jr. of the Methodist Episcopal Church, South, who could speak for a vast rural constituency, had declared stock trading on thin margin was not gambling, was therefore not immoral. One reason for his vigorous declaration in behalf of Wall Street stock business was that he himself had been caught playing the market through a bucket-shop firm, now closed...
...purchase and quick resale of stocks is not any more gambling than the purchase and quick resale of lots. . . . The amount of margin upon which a man trades does not determine the gambling element. ... A man can buy stock for a small cash payment . . . and there is no reason to call him a gambler because he sells the stock shortly after at a profit. ... If the trading in stocks . . . is immoral, then the church should eliminate from her membership the heads of stock exchange houses, clerks, bookkeepers . . . the men and women who buy and sell stock...
Repercussions. Leading U. S. cotton experts were in substantial agreement that: 1) Even a brief Lancashire strike would depress the market for raw cotton as British orders were curtailed. 2) Only a long Lancashire strike would boom the U. S. cotton textile trade. Reason: the British mills have reserve stocks of the type of high class cotton cloth competitively manufactured in the U. S. and can maintain their position in this class of goods for some weeks or months. 3) Germany and Japan, producers of cheapest cotton cloth, will be in a much stronger position to grab what Lancashire loses...