Word: stockmarket
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...took the name from a play by much-arrested Actress Mae West?a play about a clever, jewel-laden harlot. They have pictured "Diamond Lil" ogling the farmer, sweltering in a Tammany furpiece, getting blown out of her car by the Maine election, juggling issues in vaudeville, playing the stockmarket, etc., etc. Democratic Chairman Raskob usually accompanies...
...whom there were many, and bears, of whom there were few, looked last week toward Philadelphia. Traders felt, and with reason, that the deliberations of 5,400 U. S. bankers, gathered for the meeting of the American Bankers' Association, held a more or less potent threat to the stockmarket. Many a banker, speaking for himself or his bank, had warned against frenzied speculation. The market had kept its strength, had soared through a record month. But traders feared the effect of a solemn and public pronouncement from the Philadelphia convention. Resolute bulls faced the 5,400 bankers with hostility...
...which we have not learned to dal." Warned the wise Cleveland Trust Co.: "Clearly a reform is needed in New York banking practice." Screamed the financial writers, sensationally: "Boot leg Loans! Outlaw Banking!" Depressed, discouraged, the bond market fell to 98.29, the year's new low. But the stockmarket, still optimistic, held its own, advanced a little...
...today we hear murmurs because "H" men exploit their position in order to sell insurance, real estate, bonds, and athletic supplies, but what are they to do? It may be reasonable to exclude them from the society of educated men, because listening to a monologue on the stockmarket is pretty painful punishment: but to criticise them for turning an honest dollar in the green goods business is just plain jealousy...
...economic skies still are cloudless. Nevertheless, not all second and third mortgages are going to be worth their weight in gold presently. Neither is the stockmarket an El Dorado all the time...