Word: stockmarket
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...Cologne last week and in the pages of Moving Forward it appeared that Mr. Ford wished first to get off his chest a deep grudge against the stockmarket. "This 'depression' we hear about," he told Cologne reporters, "is due to laziness! People wanted something for nothing. . . . They wanted to gamble on the stock exchange. They didn't want to work. The crash was a good thing; it has made them start working and thinking again. That will lead to new levels, new attainments in quality and a new era of prosperity. You watch. It is coming...
Market. Although the stockmarket closed weak on the day of the failure, it began the next day with an exuberant show of strength, heightened by short covering. It remained strong even on the following day when the insolvency of a small Curb house. Piperno & Co., was announced, and trading in Rainbow Luminous Products suspended. Although few persons expected the pace to continue, or even thought there would not soon be another recession, sentiment was considerably improved. Among opinions expressed, notable was that of George McClelland Reynolds, 65, chairman of Continental Illinois Bank & Trust Co., most potent of Chicago bankers. Said...
...suffering less than other countries. He insisted the Democrats would have lost their heads in such a crisis, that conditions would have been much worse. He lavished praise upon President Hoover for the "prompt and effective" steps he took last November to minimize the effects of the stockmarket crash by holding a series of White House conferences on public works, wages, employment (TIME, Nov. 25, et seq.). Declared Statesman Stimson: "As a result of this the ship of business was held steady. . . . That was intelligent, carefully planned leadership. ... It prevented the immediate panic which threatened...
...York bankers and financiers were as glad to see Mr. Meyer go in as they were to see Mr. Young go out. Mr. Young as Board Governor, had been largely blamed for the Board's failure to check last year's stockmarket crash. His warnings had been ineffectual, his restrictive policies barren of results. Mr. Meyer, on the other hand, is a forceful aggressive character who has known Wall Street from his youth. (He was perhaps the first man to make a thorough statistical analysis of U. S. Steel's investment possibilities...
...week in Perthshire, in high fettle because he had potted eleven birds the first morning and shot well above the average of his party every day. Once more, in spite of predictions that the international polo and America's Cup races would lure Englishmen away, and the depressed stockmarket keep Americans at home, fires blazed high in feudal halls rented for the season. Once more beaters in a semicircle drove toward the blinds; once more, amid smells of gunpowder and bog myrtle, the birds rose and were shot at. Most sportsmen who go to Scotland after...