Word: traders
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Dates: during 1950-1959
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Only a few weeks ago, many a harried merchant with sales lagging and customers hard to find got the troubled feeling that 1952 was beginning to look a lot like recession-ridden 1949. In Wall Street, many a professional trader warned that the big bull market was as good as dead...
...years the stocks of some of the biggest & soundest U.S. companies (Standard of Indiana, Socony, Texas Co., Shell, etc.) have more than doubled in value, while riskier Canadian "penny" oil stocks have made incredible climbs (one stock rose 4,700%, from 23? to $11.25). Many a wary trader thinks the speculation in stocks has gone too far. But, while almost every other industry is worried about its sales and profits, the oil industry (whose profits climbed 21% last year) finds its market growing...
Abilene, near the end of the line on the Kansas Pacific, was a particularly lively spot, for it was also the terminus of the long overland trail from Texas-the Chisholm Trail, named for the half-breed Cherokee trader who marked it out, Jesse Chisholm. It was in Abilene, moreover, that Wild Bill Hickok, the famed scout and gunfighter, roamed the main street as town marshal with a pair of pistols and a sawed-off shotgun...
...over Latin America. When RFC policy began to hurt Bolivia, every other one-crop country in the hemisphere felt vicarious pain. Chile worried about copper, Peru about tuna, Venezuela about oil, Uruguay about wool, Cuba about sugar. It was not hard to fan nationalist resentment against the hard Yankee trader. Last week Bolivians canvassed the possibility of charging the U.S. with "economic aggression" under the agreement signed at Bogot...
...years, put $2 billion into the Philippines. But the money flowed in without proper planning, or proper safeguards. Instead of going into the mouths or onto the backs of Filipinos, U.S. surplus and relief goods slid from one speculator and profiteer to another. It was a poor trader who could not triple or quadruple his investment in pencils, tractors or derricks...