Word: stockmarketeer
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Dates: during 1930-1939
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Eight months after the stockmarket crash of 1929, the first American Austin scooted out of a factory at Butler, Pa. Copied from the immensely popular British Austin, it was 28 inches shorter than the smallest standard car, came up to a man's chin, cost $445 f. o. b. Butler. It ran 40 mi. on a gallon of gasoline, achieved a speed of 50 m. p. h. Two strong men could lift it into any 10-ft. parking space...
...near New York's Bowery to become the most arresting figure in the bizarre night life of Broadway at the turn of the century. The picture, handsomely produced by Edmund Grainger, sketches his boyhood and then concentrates on his extraordinary career as gourmet, patron of the stage, stockmarket impresario and teetotaler that followed his overnight switch from New York Central "baggage smasher" to major-league railroad supply salesman. Since Brady's life is a legend, Playwright Preston Sturges, who did the screen play from Parker Morell's biography, wisely included apocryphal as well as factual details. Brady...
...automobile industry, surprised at a better month in June than May, reported total output for the first six months of 1935 at 2,348,000 cars & trucks, a half-year figure exceeded only twice in history - 1929 and 1926. And ignoring for once the confusion of Washington news, the stockmarket climbed last week to the highest level of the year. Since last March when the ma ket upswing began, the Dow-Jones average of industrial stocks has rallied with only one serious interruption (at the death of the Blue Eagle) from 96.7 to 122.6, a gain of more than...
Just before the Supreme Court killed off the Blue Eagle, the stockmarket pierced its long-established ceiling, shooting into new high ground for Recovery. With typical perversity, it shot downward even faster after the NRA decision. Some swift price-cutting developed but that merely served as a stiff shot in the arm for retail trade. Business as a whole kept a stable keel...
Reassured, the stockmarket regained all lost ground and last week pushed forward to the best levels since September 1931- just before Britain quit the gold standard. More inspiring was a sudden interest in slumbering railroad stocks, particularly those of the transcontinentals. Great Northern blossomed out as the week's second most active stock on the New York Stock Exchange, rising on reports of bumper Northwestern crops to $19.75, up $3.50. Northern Pacific jumped $2.50 to $19.75. Atchison at $47 and Union Pacific at $105.50 were both...