Word: stockmarket
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...Depression II may be linked to the current sunspot downgrade. But no temporary outburst of sunspots was reported to accompany last week's ebullient stockmarket...
...week ended June 22. Last week, for the first time in 21 weeks, the Federal Reserve's tabulation showed a rise. The substantial $20,000,000 rally made economists wonder if the turn had come in credit as it apparently had in the stockmarket. That the volume of bank loans to commerce, industry and agriculture was expected to slump again this week was easily explained -U. S. Steel Corp. repaid the $50,000,000 it borrowed last December...
...Sunspots and Their Effects (TIME, Nov. 22), in which he ventured the opinion that sunspots may affect human psychology through such channels as vitamin intake, electrical effects on nerve impulses, electrified particles in the air. Hence, since business activity is "fundamentally a curve of mass psychology," sunspots may affect stockmarket prices and other indices of prosperity. From 1929 through the Depression bottom of 1932 to the highs of 1937, the correspondence between active sunspots and booming business has been remarkably close. Last week it was also seen that the July 1937 sunspot peak preceded the August market break by only...
...years after Francis Ormond French of Newport, R. I., lost his fortune ($500,000) in a stockmarket crash, he earned publicity and $17 by driving a Manhattan taxicab for three days. In 1934, his elder daughter Ellen married John Jacob Astor III. Two years later Mr. French wrote for Town & Country a so-called expose of top-flight society. Last year he let it be known that Daughter Ellen had offered him $25,000 if he would stop writing such things as a proposed book called On the Cuff. He refused the offer, has yet to publish the book. Last...
...elected chairman of the board of governors (TIME, May 23). He immediately won a friendly press, made a hit with SEC Chairman William O. Douglas. After considering some 200 "big names," the board of governors came to the conclusion that it could find no better symbol of a new stockmarket era than young Bill Martin. At their pleasure, he will hold the job indefinitely. Salary: $48,000 a year...