Word: stockmarket
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Meantime the stockmarket has gradually moved up to its old New Deal high made last April. At that time a general reappraisal of the business outlook seemed in order and stock prices subsequently suffered their first serious setback in more than a year (TIME, May 4). Significant to market chartists, nevertheless, is the fact that the recent recovery has not been a strong enough to carry the stock averages through their old tops...
...What concerned the stockmarket most last week was the imminence of a more than seasonal summer slump. Automobile production is bound to taper off as motormakers prepare new models for November showings. Iron Age was pessimistic on steel operations after the July 4 shutdowns, reporting: "Heavy consumer buying from a number of sources is admittedly prompted by fear of labor trouble (see p. 16) as well as by higher third-quarter prices. . . . It cannot be denied that a large proportion of production during June has been borrowed from July and August...
...nomination of Alfred Mossman Landon did not bring forth a boom, anti-Roosevelt Wall Street at least did honors with a respectable pop. The stockmarket managed to put on two successive million-share days before slumping back into the dullness of the past six weeks. Businessmen and brokers were pleased with, if not excited by, the G.O.P. platform. Mr. Landon's talk of gold had no market magic...
Atwater Kent payrolls listed 12,000 workers when the bottom dropped out of the stockmarket as well as the radio market. Lately the number has been 800, mostly workers subject to call when jobs were available...
...20th Century. The experts were dead wrong. Interest rates rose and bond prices fell almost without interruption until the post-War depression. Through most of the 1920's bonds climbed steadily, then started to fall again when money tightened during the last purple days of the stockmarket boom. The present rise dates from 1932, bonds as usual leading actual industrial recovery by a wide margin...