Word: streeters
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...again, exports are off 10% from 1947's record high. At home the first flush of the postwar demand for cotton goods has worn off; New York bargain basements, for instance, are selling shirts for $2.95 which last year brought nearly twice as much. To many a Worth Streeter it looks as if the war-swollen cotton trade is going to be trimmed back to peacetime size...
This has caused speculators to believe that the "breakout," when it finally comes, whether up or down, will be a big one. After last week's rise, many a Wall Streeter was betting that the break will...
Said a Wall Streeter: "Investors have had a bad psychological shock." The shock was a sudden drop in the price of long-term Government bonds. Last week's drop, over two points in some issues, was the biggest in more than a decade, and it touched off a wave of selling which quickly spread to corporate and municipal bonds. The New York stockmarket, which had been showing signs of a year-end rally, was stopped in its tracks. Cause of all this: a surprise move by the Federal Reserve System which curbed credit...
Florid, flustered Laborite Allighan, an ex-Fleet Streeter, had made an abject apology. But to Deputy Prime Minister Herbert Morrison's proposal that Allighan be suspended for six months, Winston Churchill snapped: "How can you stigmatize a Member as dishonorable . . . and then after an interval . . . resume calling him an Honorable Member?" The House agreed. Shortly after his expulsion Allighan resigned from the Labor Party...
Despite this glowing report, many a Wall Streeter still had doubts about how the company would do as the auto market became more competitive. So far, K-F has made 113,694 cars and sold them all. But some K-F dealers are running into difficulties because of K-F's prices. The Wall Street Journal reported last week that K-F dealers offer the highest trade-in allowances on used cars, and thus, in effect, cut their K-F prices to stimulate sales. But neither Henry Kaiser nor his smart son Edgar was worried. They hope to turn...