Word: marketer
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Dates: during 1930-1939
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...deem herself unable to go on paying reparations; 2) That she shall not be liable to "sanctions" (military punishment) by the Allies for suspending payments in good faith because she cannot pay; 3) That the Fatherland is always free to attempt to float German bond issues in the world market...
Just as quotations of U. S. Steel are an index to the state of the stock market, so activity in U. S. Steel and other steel mills are a pressure gauge of general industry. Last week came reports of increases both in unfilled orders and in ingot production. U. S. Steel opened the year with unfilled orders totalling 4,417,193 tons, unfilled orders having increased 291,848 tons during December. Production opened last week at 60% of capacity, increased to 65%. Most active of the large steel companies was Bethlehem, which, operating at 45% of capacity at the time...
Illusions and manipulation had their part in creating the pre-October stock-market ascension. Behind them, however, was knowledge that earnings were increasing, hope that they might do so forever. Last week 1929 reports began to appear, indicated that in many cases the first part of this credo was correct...
...operating man (as distinct from a finance man), Mr. Cobb is a hardworking, quick-spoken executive. He is a fishing & hunting enthusiast and each year takes two four-to-six-week vacations with which nothing can interfere. Last fall he was on one of his hunting trips when the market crashed. Mr. Cobb let it crash and kept on hunting. His reading consists largely of outdoor magazines and of biographies. He also sees nearly every play of every season. He has three daughters; lives at No. 270 Park Avenue, Manhattan...
Prophecy is no new business for Professor Fisher, whose last previous prophetic utterance, however, proved false. Last fall Professor Fisher was prominent among the bull economists who saw no evil in the bull market. He scoffed at bearish forebodings, and even after the bull market had broken he compared its collapse to the failure of a fundamentally sound bank, wrecked only by a psychological "run" of frightened depositors. Professor Fisher's imperfections as clairvoyant were quickly recalled by a rival prophet, Roger Ward Babson of Babson Park, Mass., who said: "It should be recognized that he [Fisher] has changed...