Word: stockmarket
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...against 95.6%; cotton domestic consumption for March was 508,600 bales of lint against 631,700. Building contracts for the first quarter were down to $1,100,200,000, $155,700,000 off from the first quarter last year and the poorest since 1926. Bank clearings, helped by larger stockmarket activity, were nevertheless down 17.8%. Insolvencies for the first quarter numbered 7,368, involved $169,000,000 as contrasted to 6,487 and $124,000,000 last year. Employment continues vague, with the American Federation of Labor probably overstating the case. Labor statistics give employment in manufacturing industries...
...Labor Department arbitrarily sets up 1926 employment as 100% against which to reckon the rise and fall of employment. Last September before the stockmarket crash U. S. employment had reached 99.3%. Two months later it was down to 94.8%. In December it dropped to 91.9%, in January, to 90.2%. In February a gain of 1/10 of 1% was hailed as a "turning-of-the-corner." But for March, as revealed last week, employment had dropped down to 89.3%, lowest index since the Labor Department began to compile reports...
...this litigation had centred about an agreement signed on Dec. 3, 1929. At this time Mr. Fox, who during 1929 had spent some $90,000,000 in purchasing control of Loew's, Inc., and of the Gaumont chain of British cinema houses, and whom the collapse of the stockmarket had left in debt to the extent of about $65,000,000, had consented to the formation of a Trusteeship consisting of Mr. Stuart, Mr. Otterson and Mr. Fox. Mr. Fox quickly fell out with his fellow trustees, but as he had already deposited his 150,101 shares...
Friends no less than enemies can make trouble for a President. Last week President Hoover found Claudius Hart Huston, his Chairman of the Republican National Committee, in a situation which threatened to hurt the G. O. P. It appeared Mr. Huston had been playing the stockmarket with funds collected for lobbying. The President heard Senators demand that he discharge his friend, waited to see what would happen, hoped for the best...
...come back tenfold. Last week call money hit a low of 2% and an average of 3%, compared to a low of 7% and an average of 9% for the corresponding week of 1929. Easy money contributed to an increased activity in both the bond market and the stockmarket, bond sales on the Stock Exchange going to $115,372,500 against $77,834,600 for the previous week and only $50,589,000 for the week a year ago. It was the best bond week since June 14, 1924. The stockmarket had four days in which more than...