Word: backed
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Dates: during 1930-1939
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...bankers are British. Spain, an independent producer, thoroughly undercut the trust's prices in 1933 and 1934. But in the spring of 1935 the Syndicate, thanks to German control of Spain's oldest potash company, made a tentative deal with Spain. Immediately the world price snapped back from its trade...
...against Cartel discipline, German and French potash magnates sniffed the rise of a rival Socialist combine. So did their London bankers and sales agents-J. Henry Schroder & Co.-a firm which is an economic booster of the Rome-Berlin Axis. Franco's victory ended their fears, brought Spain back into the potash axis...
...Back in January 1937, few shrewd investors would have wasted a second look at bonds of the tiny Philippine Railway Co., sick sugar-hauling road on the islands of Panay and Cebu. Selling around $11, the $8,549,000 issue was about to mature, apparently a total loss to U. S. bondholders. Then came rumors that Washington might act, that the Philippine Commonwealth would redeem the issue at $65. Bonds shot up to $31 in January and February as speculators bought for the rise, crashed when President Manuel Quezon denied his Government was buying them. Smelling a rigger, SEC investigated...
British Labor's newspaper, the London Daily Herald, reported Rumania's smooth-cheeked Foreign Minister Grigore Gafencu forgot his umbrella while calling on the Greek Patriarch at Istanbul, hastily sent a man back to fetch it, exclaimed in consternation: "What is a diplomat without his umbrella...
...rostrum, his choicest passages were drowned by shouts of "Mike! Mike!" Finally he grabbed the microphone with both hands as if it were a python that he was about to strangle and bellowed the rest of his message at it. Afterward he groused: "These damned microphones! They talk back to you-just like a Democrat...