Word: stockmarket
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Business continues to look to the stockmarket for clues of business prospects for the remainder of the year. But the stockmarket refuses to commit itself...
There is, in fact, great difficulty in saying the stockmarket is so-and-so, since it no longer acts as a unit with any degree of consistency. On a day when one group of stocks?e. g., the oils ?are strong, another group or groups will be weak. Moreover, within a single group of stocks, there are frequently opposite tendencies in the prices of different stocks...
...months; but, although traders have piped, the public refuses to dance. In consequence, the repeated spurts and reactions of highly speculative issues on the Exchange during recent weeks have had, for the, most part, no real significance for the future of trade. Yet the very condition of the stockmarket today? spotty, inflated in one place and apparently promising in another?is perhaps the market's way of prophesying a similar general condition in U. S. business during the balance...
Temperamental weather, including heat, hail and thunder storms, chills and high winds, have proved disturbing to grain prices, although advancing them. Outside that, the week proved serene and somewhat monotonously cheerful. Perhaps the improvement in what is called "business sentiment" was revealed in the stockmarket, where a tendency was shown to lift prices out of their late doldrums...
...other hand, it was rumored that henceforward he would devote his attention to the grain and commodity exchanges, since they were statistically more of a known quantity than the stockmarket...