Word: trader
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...eyes, see whether Europe really was in the mess the ticker showed. On that day 3,770,000 shares were traded, tops for the week. Net result: a rise of 0.81 in the averages, which stopped new margin calls, but sucked back into the market many a small margin trader...
...Wall Street they tell of a trader who bought Chrysler near its depression low of 5, sold it near its 1937 high of 135¼, traded thousands of shares and yet lost a few hundred dollars on the stock. Reason: instead of sitting tight and letting the bull market work for him, he was in and out of Chrysler several times a day, buying on meaningless rises, selling on fractional declines...
...that the market always anticipates the production trend; that the '39 Wall Street doldrums had called the turn on the new business recession; that last week's sprint meant more capacity operations around the corner. But bears (to whom most news is bad news) remembered the Chrysler trader who failed to outguess the tape. They reasoned that the market's way of rising is to go down 1, up 2; that its way of falling is to go down 2, up 1; that last week's rally will soon be just another pointless zigzag...
...less to say and has consistently said less at his press conferences than any Cabinet member; yet with the sole exception of the White House, they are the best-attended in town. A backwoods Congressman, he is the No. 1 U. S. Internationalist. An old-fashioned Jeffersonian free-trader, he has lived and worked at the heart of the centralized, streamlined nationalism of the New Deal for almost seven years-and has changed the New Deal more than it has changed...
...protection laws); by letting them use "rent free" the Government warehouses in which German clogged exports are now piling up; and by directly providing "necessary capital to keep them afloat." If all this is done, "then we need not fear for our foreign trade," concluded Economist Helfferich. "The German trader may, with his inherent acumen, find new business possibilities, perhaps new pathways to his old territories overseas...