Word: depressions
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Soviet did not try to depress prices by wheat short-selling in Chicago...
...Commerce, defended true short selling, said: "It is impossible for any individual or group of individuals to buy or sell securities in sufficient volume to affect the whole list." Brokers saw that the Exchange's attitude was against the bear who uses unethical means (such as rumormongering) to depress prices, was perhaps essentially a move to forestall investigation by Congress. Agitation of this sort was commencing last week. Congressman William I. Sirovich of New York notified the Exchange that if conditions were not remedied he would ask President Hoover to act. Quite to the contrary, shrewd observers noted...
...free, frank and friendly" conference broke up, they were still miles apart on interpreting the influence of the Red short sales upon wheat prices. Counsel Strawn voiced the opinion of practically all experienced grain traders when he said: "Short selling of 7,500,000 bu. of wheat would not depress its price." Secretary Hyde stoutly repeated that the Board must "clean house." added: "if it doesn't, that, as Kipling would say, is another story...
Other governments are merely political monopolies. The Soviet State is monopoly incarnate: political, economic, social. If some imp should pop the idea of trying to depress world automobile prices into President Herbert Hoover's head he could not order Fords and Chevrolets sold at $100 apiece. But Soviet Dictator Josef Stalin can do things remarkably like that. To understand this, to gauge the potential power of Red statesmen to work mischief in world markets, was more vital last week than to be scared by lurid rumors of Red grain dumping in Liverpool and Amsterdam, Red speculating for the decline...
...piece of lumber one foot square, one inch thick), a terrific cut under the London basic price of $65.25. Charging that a deal at this Red cut price had already been made by London's Central Softwood Buying Corp. Ltd. the Daily Mail moaned: "This will depress the value of our present British timber stocks on hand...