Word: stockmarket
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Dates: during 1930-1939
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...ancient saying, sell when the good news is out, might account for these typical examples of recent stockmarket behavior. But certainly the stockmarket which bounded ahead enthusiastically when war commenced, last week showed a phenomenal indifference, if not distaste, for good news...
...Nashville, Tenn., 50 years ago, lived a family named Rhea. Father Rhea ran a line of river boats on the Mississippi, loved the stockmarket, had been several times rich, several times poor. The family totem pole was the Wall Street Journal. Before his son Robert was out of high school, Father Rhea gave him the Journal's difficult William Peter Hamilton editorials on the Dow Theory of stock prices, told him to master them or get spanked...
...Rhea began to average and chart stockmarket prices, to study the Dow Theory. He found that he could concentrate so heavily that pain was forgotten and at the end of the day he was exhausted and could sleep...
...when William Peter Hamilton died, Dow, Jones & Co. needed a new high priest to lead the Dow cult of stockmarket analysis. They published some of Rhea's "notebooks" in Barron's weekly. The next year Rhea put his ideas on Dow lore into a book and, after publishers refused it as a white elephant, published it himself and sold over 90,000 copies. Letters began to pile up on the foot of Rhea's bed, and, unable to answer them individually, he one morning sent out a note to the effect that if & when he had anything...
With warring nations bidding for her produce, Bucharest's stockmarket is booming as rarely before. Rumania's currency is controlled, but a Black Bourse operates full-blast and the Bucharest visitor with valuta (foreign exchange) in his pocket has no trouble at all in getting in touch with men quite willing to give him two or three times the "official" rate of exchange. (Example: officially there are 140 leis to $1; on the Black Bourse $1 will bring as high as 400.) The jewel mart is doing a land-office business with those Polish aristocrats who could bring...