Word: stockmarket
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Dates: during 1923-1923
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Ever since the turn in the stockmarket, investment bankers have been rapidly putting out new security issues, rather with the air of making hay. The principal issues recently "floated" include the $100,000,000 American Telephone and Telegraph Co. debentures; $6,000,000 State of California gold bonds; $20,000,000 Southern Railway 6's; $5,000,000 City of Los Angeles 4¾'s; $2,156,000 City of Akron 5's and 5¼'s: $1,200,000 Mississippi Power and Light 6y2's; $5,400,000 Chicago and Alton Equipment Trust...
Those who, by following the original advice, find themselves several hundreds, or perhaps thousands, of dollars the poorer thereby, have at least the satisfaction of knowing that Science itself erred with them. The action of the stockmarket has thus been shown highly irrational and indefensible. One has only to inspect the Charts to become convinced...
...stockmarket easily proved the center of interest to the business world during the past week, which saw a remarkable succession of " million share days," and the most active trading since June, 1922. All the week the industrials climbed, and at length even the long lifeless rails likewise began to move upward. It is not improbable that the advent of March 4 and the termination of Congress played its part in the more optimistic view taken of the railroad industry; not until December next can the legislative threats of the Brookharts and Cappers be heard in official session. But apart from...
Meanwhile American business has again entered a rising cycle, as is plainly attested by such reliable barometers as the stockmarket and the iron and cotton industries. Lately the money market has responded to this new revival of business. Call loans, the barometer of the money market, have recently risen even to 6%, while market rates for acceptances and commercial paper were perceptibly stronger...