Word: stockmarket
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That same month the stockmarket crashed and the art business went to hell. But Cortlandt Bishop was rich enough to stand the strain. When he died in 1935 sales were picking up, and he left his own galleries the job of auctioning off his collection of art objects, books and engravings. Executors of the Bishop estate included his widow, Amy Bend Bishop, and his old friend and employe, Edith Nixon. Widow and friend were both dissatisfied with sales of the Bishop art. They looked about for a book expert to help courtly President Hiram Haney Parke (art specialist...
Four months after the War broke out the New York stockmarket reopened. At their highs of 1915, machinery and machine equipment company stocks had appreciated 458% over their pre-War level. General Motors stock appreciated 452%. Stocks of steel and iron companies, exclusive of U. S. Steel, rose 293%; chemical concerns, 117%. At the other end of the table, gaining little, were the railroads and utilities, whose price structures were under the supervision of the Government. Tobacco and cigaret manufacturing stock appreciated only...
...housing, etc.) is necessary to tide over steel and other durable goods industries the summer and autumn of 1940, New Dealers now count on sagging indices. They asked whether Congress could revive (noted Barren's Index on building stocks was down 7.66% from July 28) July's stockmarket boom...
...this same week business' most sensitive barometer-the stockmarket as mirrored in the Dow-Jones industrial averages-enthusiastic over prospects for the second half of 1939, dashed off a sensational 6.1-point rise, reached its highest point since March (144.7 against 152.3 then). For the first week in six months the New York Stock Exchange had four 1,000,000 share days. All listed shares rose some two billions...
...several months much speculative cash has lain idle waiting till its owners got over speculating on economic trends. Three weeks ago some of the speculators made up their minds and the stockmarket moved tentatively upward without encouragement from industrial production. Last week the market slowly worked its way up past a minor "resistance point"-140 on. the Dow Jones industrial averages (1938 high 158.41; low 98.95)-waited for the sluggish railroad averages to "confirm" by rising from...