Word: stockmarket
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...Hetty Green, once the world's richest woman-the penny-pinching "Witch of Wall Street" who used to shuttle between Brooklyn and Hoboken to avoid establishing residence and paying taxes while she was making millions in the stockmarket. Hetty conducted her affairs from any desk she chose in Manhattan's old Chemical National Bank, often ate a lunch of sliced Spanish onions while sitting on the bank's floor at noon. When she died in 1916 at 81 she had increased tenfold, to $67,000,000, the fortune founded by her New England whaling and ship-owning...
...speculators this preachment against spiraling prices was a shock that gave the stockmarket a fit of the jitters. But the President's statement that there has been an undue rise of metal prices and more rapid recovery in heavy industry than in other industry, was questioned by economists (see p. 77). Regardless of its accuracy, however, the President's dissertation marked a milestone in New Deal policy: pump-priming is at an end. So far as Franklin Roosevelt is concerned, the business of getting out of the last Depression is now subordinate to the business of avoiding...
...cracking prices of Government bonds, which despite more determined Treasury support dropped to new lows for the year. In the last three weeks the market value of all Government securities had shrunk more than $1,274,000,000. Already jittery from a continual rattle of strike news, the stockmarket continued to follow suit, steady selling erasing more than one-half the ground gained since the turn of the year...
Under Steel's leadership the whole stockmarket advanced to new Recovery highs, ending the week at levels abreast of 1931. In its unyielding attitude toward Labor, U. S. Steel has always been an inspiration to anti-union executives, not only in the rest of the steel industry but in all industry, and its capitulation would give pause to many another management. Wall Street did not relish unionism any more than it had before but it realized that there might be more profits in industrial peace than in industrial war-at least until the next election...
...acre ranch. There a fortnight ago he wound up his annual winter business conference, which is a small edition of the conference he holds at Babson Park, Mass. in the autumn. It was at the 1929 autumn conference that he uttered his last warning about the impending stockmarket crash. Even Mr. Babson admits that he started calling the tragic turn several years before anything happened...