Word: stockmarketeer
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Dates: during 1930-1939
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...keeping with Colonel Ayres' optimism, the stockmarket last week stirred out of its doldrums and staged a strong, though brief, rally. Other indices, like public spending shown by weekly bank debits, were less cheery. On the other hand, building-most bullish factor in the industrial equation-continued onward & upward. F. W. Dodge Corp. announced that November building contracts awarded in the familiar "37 States east of the Rockies" were up 52% over November 1937, bringing the eleven-month total to $2,807,489,000, highest since...
Last week, after a few months of recovery, U. S. business had regained 55% of its Depression II losses. And for the first time since recovery began there appeared visible doubt as to its continuance. Most visible sign was the stockmarket's third successive week of reaction. Although no slump appeared in production indices- power, building, autos continued up- there was distress in two prime measures of public demand for goods; a rise was seasonally normal and money supply was at a peak, but nationwide bank debits and bank clearings tumbled. If such an unbalance-production rising, demand falling...
Meanwhile the Chicago Opera, No. 2 in the U. S., chalked up the fourth week of its finest season since the plush & ermine days of Samuel Insull. Impresario Paul Longone, who was almost thrown out three years ago, had also taken a cue from the stockmarket and climbed slowly & steadily back into favor...
Last week as the No. 1 opera house of the U. S., Manhattan's Metropolitan, launched its 54th season, General Manager Edward Johnson and his associates found opera's financial and artistic graphs like those of the stockmarket. After a Depression, they appeared to be starting a slow, but not uniform long term rise. The statistics...
...Deal, particularly through Jesse Jones, keeps egging banks to lend more. They cannot, say bankers, because industry just does not want to borrow, despite interest rates at record lows. Practically every other avenue to bank profits is similarly closed. Underwriting is forbidden, pinched volume on the stockmarket has reduced security and brokerage loans, the huge flow of gold, which has to be invested in short-term loans for liquidity, produces virtually no income (interest on 91-day Treasury bills, for example, is only .027%). The few big banks doing well today are those like Chicago's Continental Illinois National...