Word: stockmarket
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Three weeks ago, after the Hitler-panicked stockmarket cooled off (at around 115 on the Dow-Jones Industrials Average), a sober fringe of investors figured that many stocks were priced too low. Their reasoning: that the worse Hitler made things look for democracy in Europe, the more U. S. heavy industry would boom on National Defense spending...
Thus on the air over 20 West Coast stations goes Tonight's Best Buys, radio's big rummage sale. In Hollywood six stenographers answer six constantly jangling telephones, type out names, descriptions, prices of the items offered, provide an offstage, panic-on-the-stockmarket sound effect. Wiry, fast-talking Narrator Sam Pierce offers the goods to the radio audience, tells how to reach the would-be seller. One-third of the odds & ends offered are bought...
...Despite a bearish pounding taken by the stockmarket, an investment banking syndicate headed by Wall Street's Morgan Stanley & Co., Inc. sold most of a $75,000,000 issue of U. S. Steel debentures in one day, but still had about $7,000,000 of them left at week...
...stockmarket plummeted, U. S. business took sharp stock of the fact that spreading war had wiped out at least half of a $161,125,000 yearly market...
...latter readers still remember as the day England and France declared war on Germany. The first date Allen recalls with sketchy vividness. The day after Labor Day, 1929, when the Dow-Jones average of stockmarket prices hit an all-time high, was a scorcher from Nebraska to Maine. On the streets you could see a few back less dresses and bare legs, practically no tinted nails. Bobs were shingled in back, banged on brows, swept on cheeks. A man named Garnet Carter of Lookout Mountain, Tenn., got on a train for Miami, where he was to install the first Miniature...