Word: stockmarket
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...York Times weekly business index has dropped steadily from above in. its Recovery high registered in the middle of August, to less than 105, lowest since last February. Everyone had heard disturbing tales of layoffs, close downs, price cuts, sudden cancelations, ominous inventories, dwindling backlogs. And if the stockmarket were any indication, the country was in for cloudy weather, possibly showers...
Having knocked off more than a year's gain in last fortnight's triple tumble, the stockmarket last week had a rebound. Since business news was neither good nor bad, the advance was ascribed to "technical reasons"-Wall Street's way of saying that everything which goes down must come up. But the market did not go up far, did not stay up long. Trading on the New York Stock Exchange, after soaring above 2,000,000 shares thrice in a month, fell back into its recent rut. By the peak of the rally, the Dow-Jones...
...bull market get out of hand last spring. At that time the Federal Reserve Board was bearing down on credit. Fortnight ago it started to loosen up, persuading the Treasury to release $300,000,000 worth of "sterilized gold" (TIME, Sept. 20). As a stockmarket hypodermic, the gold news was notably weak, for it reminded Wall Street that almost anything can happen, but it again showed that the Administration not only possesses vast power over U. S. economy but is ready...
...last week of July 1914, when the U. S. was still as isolated journalistically as it was politically, the threat of war in Europe was not even considered a contributing factor in the stockmarket's desultory decline. Then the unthinkable happened. In swift succession the great European markets closed their doors, and the selling of an entire world, hysterically trying to convert securities into cash, concentrated on the New York Stock Exchange. Bravely the governors announced their determination to keep open, but on the morning of July 31, after one look at the overnight accumulation of selling orders, they...
...Toronto Exchange fell sharply with the New York market. Next day Gladstone Murray, chairman of Canadian Broadcasting Corp., announced that stockmarket commentators would henceforth be banned from the air. Reason: "We've had too many complaints from people who've taken advice from some of these commentaries...