Word: stockmarketeer
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Since then, in the face of continual talk of a steel strike, the stock has climbed steadily, crossing par last month. By the start of last week Big Steel had assumed its pristine place as the stockmarket's undisputed leader. Evident it was by now that some people either knew or suspected that a long and costly showdown between the Steel Corporation and the CIO was not inevitable. Sure enough, the announcement soon came that President Benjamin F. Fairless of U. S. Steel's biggest operating subsidiary, Carnegie-Illinois Steel, was conferring with the Steel Workers Organizing Committee...
Under Steel's leadership the whole stockmarket advanced to new Recovery highs, ending the week at levels abreast of 1931. In its unyielding attitude toward Labor, U. S. Steel has always been an inspiration to anti-union executives, not only in the rest of the steel industry but in all industry, and its capitulation would give pause to many another management. Wall Street did not relish unionism any more than it had before but it realized that there might be more profits in industrial peace than in industrial war-at least until the next election...
...acre ranch. There a fortnight ago he wound up his annual winter business conference, which is a small edition of the conference he holds at Babson Park, Mass. in the autumn. It was at the 1929 autumn conference that he uttered his last warning about the impending stockmarket crash. Even Mr. Babson admits that he started calling the tragic turn several years before anything happened...
Since the stockmarket has been rising without a single major setback for more than two years, short-sellers have had a pretty sorry time. The last real inning for Bears was the great crash in whiskey stocks in 1933. Last week the New York Stock Exchange reported that its monthly tabulations showed that the short interest at the end of January was the heaviest since June 1933, just before that summer's big break. Relatively, the present short interest appeared more important than in 1933, because the volume of trading at that time was twice as large. Since then...
Trusts have hitherto objected strenuously to comparisons with stockmarket averages. This year Tri-Continental was only too glad to point out that in comparison with an average gain of 32% for general management trusts, Standard Statistics' 90-stock average rose only 27.9% the New York Times' 50-stock average only 21.1%, the 782 common stocks listed on the New York Stock Exchange about 25%. The Dow-Jones averages showed a 24.5% rise in industrials, 32.5% in rails, 17.9% in utilities. Actually the comparison was even more favorable to the trusts because part of their assets were in cash...