Word: stockmarket
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...gloomy information for the press. Said Financier Bernard Baruch, just back from abroad: "Europe is a tinderbox. Anything can happen." Said ordinarily cheerful Ambassador-at-Large Norman H. Davis, of the situation in general: "I can't see anything that is very promising." With two wars and a stockmarket slump to worry about between visitors, Franklin Delano Roosevelt presently absorbed his callers' point of view...
...press conference, a reporter referred to the jitteriness of the stockmarket. President Roosevelt nodded emphatically. Feelings were jittery everywhere and rightly so, he said, not only in financial circles but in homes all over the world and in every democratic government. Same afternoon, the President addressed 200 members of the Roosevelt Home Town Club on the lawn of his tenant Moses Smith, who founded the club. Said he: "World conditions are no better than they seem to be to those of us who read the newspapers. They are pretty serious. . . . It requires some planning to keep...
Last winter when business and stockmarket were soaring the balance of expert opinion held that stocks would suffer a spring slump, then recover to soar through the fall. Sure enough, the slump started in March, and, assisted by cold water from President Roosevelt, the crack-up of the British commodity boom and the unhappy state of the nation's labor relations, reached bottom in June. For two months thereafter all was well enough, save for the extreme thinness of stock and bond trading. On Aug. 14 Dow-Jones industrial averages reached a high of 190 for the summer. Then...
...investigation of manipulation in Bellanca Aircraft shares by famed Broker Michael J. Meehan (TIME, Nov. 4, 1935 et seq.): A Decision, the first involving manipulation since SEC was set up, ordering Broker Meehan barred from all U. S. stock exchanges. To the nervous little broker whose name in stockmarket history was written in Radio stock during the Coolidge bull market, the order will mean little in money, much in honor. His health broken by SEC's interminable proceedings, Mike Meehan has not been active for more than a year and a half...
...seriously believed, during the stockmarket's long slide last spring, that Recovery was over. What was feared then was that the combination of strikes, rising labor costs and higher commodity prices would make for slimmer profits. That fear was by no means without foundation but it was exaggerated, as usual, in the stock-market's behavior. Stock prices have regained on the average about two-thirds of all ground lost between March and June. And by last week enough corporations had reported earnings for the first half of 1937 to indicate clearly that Big Business was still profitable...