Word: scares
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Dates: during 1950-1959
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...that the House and Senate have finished their work for this year, how did business and the businessman actually fare in the first session of the 84th Congress? Within two days after the new Congress organized in January, Arkansas' Democratic Senator William Fulbright gave business its first big scare. Chatting with a newsman right after he became chairman of the Senate Banking and Currency Committee, Fulbright was asked if he would look into, among other things, the steep rise in the stock market. Why, yes, said Fulbright, "we ought to have a look." The headlines that followed...
...violet is left by accident in Ransom's car. and turns into a "huge writhing mass," the Senator, envisaging a "Red assassin," empties his revolver into the back-seat brush. Soon he is alerting his colleagues, "I can hardly believe the unbelievable extent of this conspiracy," and grabbing scare headlines, e.g., "RANSOM SAYS REDS PLAN ATTACK ON U.S. CURRENCY...
Their strange political journeyings had deep roots. All three were born to the bleak Depression South. Their families were poor, their lives unhappy, their world warped. Bell's father bragged that "I could always scare him into anything"; Griggs ran away, eventually joined the Army because of a school-bus teasing about a girl friend. Bell spent three years in the eighth grade; when Cowart wrote a Communist-line letter from the Communist prison camp about McCarthyism and McCarranism. one of his teachers said: "How much it would have gratified us when he was in school to have known...
...that reason, authorities suspect that Manhattan's potato traders had frantically flooded the exchange with sell orders, hoping to scare prices down to the point where they could buy at a low enough figure to meet their original contract commitments at a profit. But the city slickers' trick did not work; Maine's farmers had aIready sent the bulk of their crop to market...
...fact that minor dips scare the odd-lotter easily, even when the market is basically sound, makes him a poor short-term trader. For example, during the Fulbright investigation last March when the market broke sharply (TIME, March 21), the number of odd-lot sales rose sharply. But, in general, the small investor is not an in-and-out-of-the-market speculator. Chief reason: it is slightly more expensive to buy or sell odd lots at a given price since an extra broker's commission of one-eighth of a point is charged...