Word: stockmarket
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...fall of the pound has helped intensify the gloom but no single cause can be spotted. Business has tapered off very little from the peak of the upswing that began last autumn, yet the stockmarket last week rounded out a long month's decline...
...numbered slip. Instead of settling individual transactions, each broker records his trades as he would on the Floor, turning over to a volunteer "clearing agent" for "settlement" at the end of the game his "bought" and "sold" memoranda. The game goes on until trading peters out or the real stockmarket stirs in its sleep. Losses have run as high as $200 in a single game but the average gain or loss is between $10 and $20 per "session." Lately the Stock Exchange Governors banished the game to the smoking room but there two groups are usually in session. For peeking...
True, the stockmarket greeted Chief Justice Hughes's pronouncements last fortnight with a skyrocketing rally but prices soon relapsed and trading dropped back into its old rut. Bonds, notably Governments, climbed to new records but as a business shot-in-the-arm the gold clause decision was a notable flop-with one exception. The two biggest U. S. steel companies perked up enough to announce for 1935 big programs of expansion and improvement...
...sanctity of gold clause contracts and restore billions of dollars of public and private obligations which Congress had said were not to be paid in gold or its equivalent (TIME, Jan. 21). Domestic markets slumped ominously. Led by Homestake Mining (gold), which dropped $30 per share to $340, the stockmarket sold down steeply. Wheat touched the lowest level in nearly three months (95? per bu.) and cotton sloughed off $1 per bale...
...Hauptmann's thrift and small winnings in the stockmarket enabled him to live with comparative ease. His wife Anna was occasionally employed after March...