L' Industrie cotonnière en Allemagne

Bibliographic data

Monograph

Identifikator:: 84539584X

URN:: urn:nbn:de:zbw-retromon-36509

Document type:: Monograph

Author:: Koechlin, Armand

Title:: L' Industrie cotonnière en Allemagne

Place of publication:: Paris

Publisher:: Pelletier

Year of publication:: 1906

Scope:: 1 Online-Ressource (387 S)

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Loi sur le travail du 26 Juillet 1900

Collection:: Economics Books

Changed Ratio of Prices to Earnings 93 Selective Character of Market The decreasing ratio of stock prices to earnings during 1929 emphasizes what has already been said about the selective character of the stock market. It suffices to answer perhaps careless talk uttered prior to the panic and during its progress, that the market as a whole had been forced up chiefly by reckless indiscriminate speculation. President Simmons of the New York Stock Exchange drew attention, in his address before the Indiana Bankers’ Association on September 11, 1929, to what he called the intelli- gently selective nature of current stock price move- ments. Mr. Simmons commented in terms on the “marked discrimination shown by investors in select. ing certain issues and disregarding others” as a salu. tary consequence of the participation by the public in investment trusts and in experienced financial investment services. As the market marched to its peak about half of the groups listed receded in price, while half went up. Tobacco and tobacco products stocks went down. So did the Standard Statistics Company groups of theaters, motion pictures and amusements; textiles; sugar producing and refining; silk and silk goods; chain stores; retail trade; rayon; meat packing; leather and fertilizers, tires and rubber goods, auto- mobile parts and accessories, automobiles and trucks, and apparel stocks. The rise, also, was selective. This was manifest in agricultural implements, airplanes, building equip- ment, chemicals, copper and brass, electrical equip-

Access restriction

Copyright

fullscreen: L' Industrie cotonnière en Allemagne

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation