Word: stockmarket
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...corporation profits, who could predict what they would be in 1947? Strikes, for instance, would pull the rug out from under the best of prospects. The shaky state of the stockmarket, which Nathan brushed off as merely "bad psychology," reflected industry's deep concern...
...industrial purposes. The left has stood by him because the poorer classes have been almost untouched, at least to start with, by his deflationary decrees. But middle-class shopkeepers, who need credit to stay in business, have been hard hit, and some real-estate speculators and stockmarket operators have lost heavily...
...stockmarket, confident of Republican victory, had gone up over 10 points (Dow-Jones industrial averages) in the four days before election. But when victory came, the market fell, the worst drop in two months. Commodity prices fell also. Probable reasons: short-term speculators read G.O.P. talk of a big U.S. budget cut as a deflationary measure, grabbed their profits. They ignored talk of the corollary tax cut, which, by putting more cash in the hands of consumers, would help business all around...
Although many a planemaker (including Piper, Cessna, Republic) denied it, the stockmarket decline and the slump in the luxury market had cut sales. Those who did admit it usually put the blame chiefly on lack of sufficient airports to take light planes out of the luxury class...
...like New Orleans' Tom Jordan (TIME, Oct. 28). (Tom Jordan, who lost heavily in cotton, put his New York Stock Exchange seat on the block.) But the cotton market was still full of little Tom Jordans. While ceilings were slapped on other major commodities and trading in the stockmarket was put on a cash basis, cotton had been free as a breeze. It could be bought on approximately a 10% margin; it was the speculator's delight...