STOCK MARKET WATCH: Thursday, 29 February 2024
STOCK MARKET WATCH: Thursday, 29 February 2024
Previous SMW:
SMW for 28 February 2024
AT THE CLOSING BELL ON 28 February 2024
Dow Jones 38,949.02 -23.39 (0.060%)
S&P 500 5,069.76 -8.42 (0.17%)
Nasdaq 15,947.74 -87.56 (0.55%)
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Currencies:
(Awaiting new links)
Gold & Silver:
(Awaiting new links)
Petroleum:
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Quote for the Day:
The Grocers' Association, at its first meeting, passed a resolution declaring that it was opposed to combinations for the purpose of extorting unreasonable profits from the public, and that all that was sought was to prevent the evil of handling certain staples below the cost of doing the business. But if we inquire why these staples have been handled at a loss, the answer is, because of the strong competition which has prevailed. The organization, then, is a combination to limit competition, to suppress it, in fact, and the difference between its purpose and work and that of the Sugar Trust is a difference of degree and not of kind. The reason for its moderate demands may be because grocers are more liberal-hearted than refiners, or because they understand that their power over the trade is more limited than those who control the original product, so that an attempt to exact too large profits would offer a tempting premium to competitors of the Association.
Charles Whiting Baker. Monopolies and the People. G. P. Putnam's Sons. © 1889.
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