Word: stockmarket
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Dates: during 1930-1939
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...biggest gains being in income and social security taxes. But the estimated total has been revised downward from $7,293,000,000 to $6,650,000,000, a $643,000,000 drop largely reflecting poor results from the undistributed profits tax and less sanguine expectations for business and stockmarket...
...portico. Heading a delegation of midwest farm leaders, President Edward A. O'Neal of the American Farm Bureau Federation informed President Roosevelt that Government corn loans of 60?-per-bu. were imperative. Said Farmer O'Neal: "The condition of farm crop prices is one reason for the stockmarket being so jittery." Both the talk of corn and the talk of jitters were advance publicity for the belated refitting of the New Deal's battered agricultural ship. For when Congress convenes in special session next month a new, permanent farm program will be the first legislation considered...
...shocks last week hit U. S. stock-markets. The first was 100% spectacular. Henceforth Tuesday. Oct. 19 can lay claim to being the most startling single day in stockmarket history since famed Oct. 29, 1929. Prices ended about where they started, but in between they went through an excursion similar to Dr. Beebe's junkets to the bottom of the sea in a bathysphere. Prices on Monday had fallen in the worst break of the current decline and everyone anticipated that opening prices Tuesday would be down as a result of widespread margin calls...
...recent drastic decline in stocks, on a very moderate volume of selling, reveals an impairment of the efficiency of the stockmarket that calls for prompt correction. This impairment is to be explained as the cumulative effect of a variety of recent governmental policies, many of which can and should be modified without abandoning the underlying policy of eliminating abuses from the securities market. The tax on capital gains at high bracket income tax rates can be changed to a low rate flat tax with positive gain in revenue to the Treasury. The rule regarding trading by insiders can be modified...
...whether Mr. Roosevelt cares to express an opinion on the subject or not, the country is nevertheless on the brink of another business recession which bids fair to be the equal of the 1930 secondary slump. The stockmarket, the most obvious barometer, though not necessarily the best, has been on the down grade for many weeks, and although the break in prices is not yet entirely reflected in the production indices, that is simply because manufacturing companies are still filling orders born of summer optimism. Car loadings are just holding even, and after the unusually large farm crops have been...