Word: stockmarket
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...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...
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...
...years ago next week the U. S. entered the tenth and worst depression in its history. On the morning of October 24, 1929, the stockmarket that had been slowly declining skidded sickeningly, plunged down, and kept on going. Unknown to anybody, its future unforeseen, its consequences incalculable, the Great Depression set in. But it was not called that. The names that people give to things reveal what they think about them, and the name that the U. S. gave to its crisis was the ringing and melodramatic Crash...
...investors had got the scare out of their systems before the first bomb was dropped by Hitler's airmen on the Vistula bridges. Before the ink was dry on the first war extras, the stockmarket zoomed. One day's listless market (457,890 shares) became peacetime financial history. The next morning as the Germans entered Poland, 1,970,000 shares (1939's daily average 720,072 shares; 1939's biggest day, 2,888,000 shares) changed hands on the New York Stock Exchange. War babies (steel, metals, aircrafts) led the advance. Bethlehem Steel, Santa Claus to many a World...