Word: marketed
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Dates: during 1930-1930
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Yesterday the newspapers spread themselves with good news. Prosperity, like the elections, is just around the cornor, and Mr. Hoover's commission has a job up its sleeve for every one of the 3,500,000 men now out of work. After a year of repeated stock market raids, wheat milles and bread lines, the specte of a Democratic Congress stalks through the land hand in glove with that greater bugaboo, Prohibition reform...
...stone, head of the Fire stone Rubber Co., has leased a million acres of land for ninety-nine years to be used for the production of rubber. Fire stone hopes not only to furnish America with a source for this valuable material but eventually to develop Liberia into a market for American goods. As means of transportation in the country are few, the company is building roads between its various posts. The industry in general is of greatest economic value as it provides employment for many of the inhabitants at a wage which, although small, is greater than they could...
...stockmarket prices had declined steadily. When the week opened, commentators were already comparing prices with the panic lows of Nov. 13, 1929. Steel drew near to $150 (its 1929 high was $261¾). On Thursday, Stock Exchange President Richard I. Whitney, who on Oct. 24, 1929 had temporarily reversed the market by bidding $205 for Steel when it was at $190, this time was willing to bid the market-price $150. At this figure 25,000 shares were sold in a single $3,000,000 transaction, but even indirect evidence that J. P. Morgan & Co. was buying failed to halt...
...Corp. dropped from $7.50 to $.50 before rallying. Brokers pointed to the fact that J. A. Sisto & Co. which failed fortnight ago (TIME. Oct. 13) had had an investment trust, that both Sisto financial and Prince & Whitely trading had been formed near the peak of last year's bull market...
...only the U. S. markets felt the repercussions of the failure of this 52-year-old firm with membership on the Exchange, Curb, Chicago Exchange and Curb, and the Cleveland Exchange, with seven branch offices, with about 9,000 customers and collateral loans estimated at $35,000,000. News of the failure shocked London, where Prince & Whitely did a large arbitrage business, was said to be interested in International Nickel and Brazilian Traction. This, added to the failure of two small London houses, sent prices reeling in that market. It was likewise a blow to Paris. Said La Liberté: "This...