Word: marketer
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Hyde insisted that private speculators were largely responsible for last week's wheat break, other economic reasons were obviously responsible: 1) an extraordinary world wheat surplus, with a consequent lack of foreign demand; 2) a "holding policy" promoted by the Farm Board which could not withstand a falling market; 3) falling due of farm taxes and mortgage payments requiring cash...
...dramatic stock market events last fall, two have remained outstanding. One, perhaps the most spectacular, was John Davison Rockefeller's bid for 1,000,000 shares of Standard Oil of New Jersey. The other was the formation of the powerful Bankers' Consortium. Last week the Consortium issued its first official statement, making it through Morgan-partner George Whitney. Worded in ultra-conservative fashion, it was: "In behalf of the so-called banking group, consisting of ourselves, First National Bank, National City Bank, Guaranty Trust Co., Chase National Bank, Bankers Trust Co., Guggenheim Bros., which, on Oct. 24 last...
Guggenheim Bros. Although many rumors flew wild during the "then disturbed stock market situation," announcement that the Guggenheims had participated in the Consortium came as a surprise to Wall Street. The chief Guggenheim companies, and the ones to whose aid they probably came, are American Smelting & Refining, and Kennecott Copper...
...Consortium's story. Upon the first day (Oct. 24), it bought all stocks where no bids were present to meet large blocks for sale. Such a case was duPont, which after selling above $100, was suddenly faced with an offer of 20,000 shares at the market. These were bought by the Consortium at $80. The next sale was above $100 again. But after the first day, it became apparent to the Consortium that such a policy gave them a lot of stock in issues not important, and not underpriced. Also, they saw that it was impossible to halt...
...most phenomenal growths ever recorded in the world's story of wealth. In 1922, $1,000 would have bought 100 shares of American Founders. Today this would have been swelled by stock dividends alone (exclusive of rights) to over 38,000 shares with a market value of about $29, or over a million dollars. Between Nov. 30, 1928, and Nov. 30, 1929, its assets rose from...