Word: stockmarket
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...biggest gains being in income and social security taxes. But the estimated total has been revised downward from $7,293,000,000 to $6,650,000,000, a $643,000,000 drop largely reflecting poor results from the undistributed profits tax and less sanguine expectations for business and stockmarket...
...recent drastic decline in stocks, on a very moderate volume of selling, reveals an impairment of the efficiency of the stockmarket that calls for prompt correction. This impairment is to be explained as the cumulative effect of a variety of recent governmental policies, many of which can and should be modified without abandoning the underlying policy of eliminating abuses from the securities market. The tax on capital gains at high bracket income tax rates can be changed to a low rate flat tax with positive gain in revenue to the Treasury. The rule regarding trading by insiders can be modified...
...whether Mr. Roosevelt cares to express an opinion on the subject or not, the country is nevertheless on the brink of another business recession which bids fair to be the equal of the 1930 secondary slump. The stockmarket, the most obvious barometer, though not necessarily the best, has been on the down grade for many weeks, and although the break in prices is not yet entirely reflected in the production indices, that is simply because manufacturing companies are still filling orders born of summer optimism. Car loadings are just holding even, and after the unusually large farm crops have been...
Sold to a standstill in the six-week slide that lopped off more than a year's gains, the stockmarket steadied last week, then rebounded feebly. By now it was crystal clear that whatever gave the market the first push downhill it would not have slid so far on a false alarm. But the market's barometric value is limited. It seldom indicates how much it will rain, or how long...
Hardly had the stockmarket quieted before a deflationary storm hit the world's metal markets. In London a bad break carried the price of tin to 56? per lb., down 10? from the year's high. Panicky selling spread to other metals, first in London, then the U. S. Two successive cuts in U. S. copper left the price at 12? per lb., compared to the March high of 17?. Zinc fell from 7¼? per lb. to 6½? and lead to 6? per lb., having touched 7½? early this year...