Word: stockmarket
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...counteract the beginnings of world deflation the Federal Reserve Bank lowered its discount rate which produced stockmarket speculation without having much effect on business...
...House of Morgan headed a bankers' pool (Partner Whitney, who said he was "gun shy" of the word "pool." preferred to call it a "suspense account") to cushion the crashing stockmarket. It had resources of $250,000,000 of which it spent $137,752,705 in making a market for 37 key stocks. By 1930 the pool had turned a paper loss of $40,000,000 into a cash profit of $1,067,355. Morgan & Co. charged no commission for its services...
...popularly understood. The bankers' "friends" being let in on the ground floor of public stock flotations ("Just want you to know we were thinking of you") became the first clear ground for a public stand, and even here the ground was limited. Familiar enough with stockmarket tips, the average citizen could not, except in envy, condemn private individuals who enjoyed the friendship of the House of Morgan. But he could view with alarm the presence in public office of Morgan favorites. When Pennsylvania's Governor Pinchot found State Supreme Court Justices William I. Schaffer and John W. Kephart...
...erroneous announcement from Washington one afternoon last week sent the stockmarket to a boiling close (see p. 10). Next morning, ignoring the fact that President Roosevelt was not preparing to cut the gold content of the dollar but was merely seeking to eliminate the gold clause from public and private contracts, speculators gave a mighty heave that shot prices to the best levels in two years. As the public rushed in to buy & buy & buy, transactions on the New York Stock Exchange swelled to an alltime Saturday record for a bull market-4,300,000 shares. Only once has that...
...made money. During the past three years, however, certain investment trusts and other large Allied stockholders have been trying to find out the nature of the company's securities portfolio, what part of its profits ($11,400,000 last year) came from manufacturing and what part from stockmarket operations. Urbane but distant, President Weber wrapped himself a little tighter in his traditional cloak of mystery, refused to supply the information...