Word: stockmarket
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Meanwhile the stockmarket, pursuing an independent course, has been climbing since the middle of March. Last week it flowered in five successive days of million-share trading or better. Brokers got so excited that they began to call up long-lost customers to spread the cheer. Silver stocks led the market (see p. 17), and the Dow-Jones industrial stock averages hit the highest level of the year. But that was the same level as the other New Deal highs of February 1934 and July 1933 and there, balancing better feeling against poorer figures, the stockmarket hung churning...
Last week, for a change, the stockmarket went up. It was led by utility shares, which climbed on the growing conviction that the Administration's bill to abolish holding companies would never reach the White House in its present form. And abruptly that aggregation of mercurial individuals called Wall Street decided that the country was not, as they had thought for weeks, going straight to Hell...
...each year. And with Mr. Whitney out of the race the next president of the New York Stock Exchange will be the nominating committee's choice-Charles R. Gay. head of the oldest house on the Floor, Whitehouse & Co. On him will devolve the problem of reselling the stockmarket to the U. S. public, whose waning patronage sent the price of Exchange seats last week down to $65,000, lowest since...
...Charles A. Beard indict the U. S. railroads before the Senate Interstate Commerce Committee last fortnight. Something of an authority on railroad mismanagement. Historian Beard was urging adoption of a pending Senate resolution authorizing a railroad investigation on the order of the Banking & Currency Committee's famed stockmarket probe. Even Jesse Jones, whose RFC millions have not prevented the worst succession of railroad failures since the days of Jay Gould, has admitted that the investigation "might be a good thing...
...alarmed the nominating committee that it dispatched a plea over the ticker requesting members to refrain from any & all unofficial voting. And from his chambers New York Supreme Court Justice Ferdinand Pecora issued a hasty denial that he sought to influence the coming election by an article on the stockmarket which he lately wrote for Collier...