Word: stockmarket
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Meanwhile the Chicago Opera, No. 2 in the U. S., chalked up the fourth week of its finest season since the plush & ermine days of Samuel Insull. Impresario Paul Longone, who was almost thrown out three years ago, had also taken a cue from the stockmarket and climbed slowly & steadily back into favor...
Last week as the No. 1 opera house of the U. S., Manhattan's Metropolitan, launched its 54th season, General Manager Edward Johnson and his associates found opera's financial and artistic graphs like those of the stockmarket. After a Depression, they appeared to be starting a slow, but not uniform long term rise. The statistics...
Though businessmen were highly vocal, the ultimate index of their attitudes-the stockmarket-showed no response one way or the other. For this the reason was clear: the new trade treaty has been in the wind for several months and Wall Street discounted it in advance by rising, knowing that, though certain individual concerns might be hurt, any broad revival of international trade could not help but benefit U. S. industry as a whole...
...Deal, particularly through Jesse Jones, keeps egging banks to lend more. They cannot, say bankers, because industry just does not want to borrow, despite interest rates at record lows. Practically every other avenue to bank profits is similarly closed. Underwriting is forbidden, pinched volume on the stockmarket has reduced security and brokerage loans, the huge flow of gold, which has to be invested in short-term loans for liquidity, produces virtually no income (interest on 91-day Treasury bills, for example, is only .027%). The few big banks doing well today are those like Chicago's Continental Illinois National...
Concluding that he could not accumulate the $500,000 his building would cost solely from textbooks. Professor Cubberley decided to increase his fund in the stockmarket. Truth is at times as strange as the cinema. He studied market trends, invested in carefully selected securities so wisely that in 1933 he was able to give President Wilbur securities then worth $367,000. Still short of his goal, Dr. Cubberley asked the University to hold his investments until earnings raised the total...