Word: stockmarket
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...After a three-week toboggan the stockmarket pulled up short last week, rose moderately. Volume of transactions, however, continued to slide down to new low records. In a short Saturday session only 249,300 shares changed hands-lowest figure since July 1932. Even the Toronto market was more active. Having nothing better to do, a Wall Street statistician sharpened his pencil, calculated the shrinkage in value of 100 listed issues. He found that the $4,136,000,000 paper loss since the Stock Exchange Control Bill was introduced last February would have: 1) bought all last year's wheat...
Last week was the third of a slow, shuffling decline in the stockmarket. From last month's high of 106.9 the Dow-Jones average of industrial stocks listed on the New York Exchange had sunk to 92. U. S. Steel was down from a 1934 high of $59 to $42, General Motors from $42 to $31, Baltimore & Ohio R. R. from $34 to $21, Allied Chemical from $160 to $133. Weakened by a thrice-pared dividend and rate-reduction threats, the leading power & light stock, Consolidated Gas, was selling near its Bear Market low of $31.50. Chart-watchers...
...Sinclair "without investment or service on his part." During a Senate investigation last November it was revealed that Mr. Fitzpatrick, a small-town Kansas lawyer who used to play in a Sedan, Kans. band, received a 2½% cut in the $12,000,000 profits of a Sinclair Consolidated stockmarket pool before the Prairie merger had been arranged...
...President himself made the point that ''it is time to stop calling 'wolf.' " He continued to turn a polite but unyielding ear to the radical inflation proposals of the silver bloc. More specific, Representative Pettengill told the House that the essentials of the stockmarket control bill dated back 25 years to Charles E. Hughes's proposals when he was Governor of New York. And the President's friend, Raymond Moley, took occasion in an address to the Advertising Club of New York to belittle the radicalism of the Administration's program by asserting...
...save the hide." When the House passed (280-to-84) the bill and sent it to the Senate, everyone knew that the final draft, with promised revisions, would ultimately be written in conference. Only Ferdinand Pecora, Senate Banking & Currency Committee counsel, pretended to believe that the opponents of stockmarket regulation still had a chance of working their will against the overwhelming sentiment of Congress and country. Therefore, as if to wither them with one last blast and put the control bill over the Congressional hump, he flung out to the Press what the New York Times called "an armful...