Zur Frage der Naturalteilung

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Monograph

Identifikator:: 882698974

URN:: urn:nbn:de:zbw-retromon-4771

Document type:: Monograph

Author:: Steinert, Valentin http://d-nb.info/gnd/1054405190

Title:: Zur Frage der Naturalteilung

Place of publication:: Leipzig

Publisher:: A. Deichert'sche Verlagsbuchhandlung Nachf. (Georg Böhme)

Year of publication:: 1906

Scope:: 1 Online-Ressource (66 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: I. Abschnitt. Die Geschichte der Naturalteilung im Grabfeld

Collection:: Economics Books

12 The Stock Market Crash—And After vent the stock market panic from developing into industrial crisis and depression. From them all, from the President; from Thomas W. Lamont, of J. P. Morgan & Company, leader of the group of bankers meeting at the offices of the House of Morgan, whose powerful support was given to the rallying of the market; from Dr. Julius Klein, Assistant Secretary of Commerce, who an- nounced that the “stock market is not a major barometer of business”; from every outstanding leader competent to speak there came the reassuring note that the commercial structure of the nation con- tinued sound. By the banking group and other finan- cial leaders, including John D. Rockefeller and John D. Rockefeller, Jr., the level of stock prices was re- garded as having swung too low during the panic, and these rushed to the rescue of the market not only with words but with huge buying orders. But these orders arrived rather late to check the steep declines. The Record of November The sixty-day decline up to November 1 3th, when “bottom” was touched, was without parallel in the annals of Wall Street. There was the slaughter of prices of November 7th, when United States Steel opened off $7, General Electric off $6, Westinghouse off $9, American Telephone off $5.25, American and Foreign Power off $6, followed by a recovery and turnover of 7,878,000 shares, at the rate of more than 13,000,000 for a normal full-time session and

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