Word: marketed
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Dates: during 1930-1930
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Finally this potent, prophetic Briton indulged in a bit of pure irony which made some of the Bond Clubbers squirm: "You have always protected your home market. The infant industries of America have remained in swaddling clothes ever since I can remember. You have put up a tariff wall which has enabled them to grow up to manhood and protects them today. In fact, the longer you go on, the higher it gets. Of course, you never have varied, and I don't think ever will vary it or should vary...
...wanted 1,000 Dix Butte he did none of these things. He simply went to the New York Mining Exchange of which he is a member, bought the 1,000 shares from Benjamin M. Berger, fellow member, for 40? a share. And in so doing he completed the new market's first transaction, for another exchange was last week added to Manhattan's already long list...
...addition to mining shares (oil as well as metal), the new market will list stocks of companies in allied industries. Rigid listing requirements (a staff of technical experts will inspect all properties of companies seeking to be listed), rule against wash sales and other malpractices, promise that the Mining Exchange will not tolerate conditions usually associated with trading in cheap stocks. The best guaranty of this, however, is the reputation of the Exchange's President, Heber Charles Hicks...
...Director of Utah Securities Commission, state of many mining promotions. He wrote the Utah Securities Act, a classic. In 1925-26 he was president of the National Association of Securities Commission. Through various committees he is familiar with U. S. stock exchanges and financial practices, knows conditions the new market must face. Since the Curb moved indoors mining shares as a group have not received much attention in the East. President Hicks feels sure that with an open market ready they will now regain favor...
When mining speculation was flourishing in San Francisco, New York, too, had a mining exchange. In 1879 it averaged some 55,000 shares a day (against the new market's 8,000 on opening day). Some old New Yorkers can still recall the high hopes they had when they bought Bertha & Edith at 8?, the higher hopes when six months later it was 39?, the chagrin when it was stricken from the list as valueless...