Word: bankes
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Dates: during 1930-1939
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...through a "profit" which the Government last week arranged to obtain by revaluing its gold. Introduced by Sir John Simon in the House of Commons was a bill to allow the Government to revalue each week, at the current market price, the gold holdings of the Bank of England. Since Britain went off the gold standard in 1931 this gold has been carried at the old parity of 855. per ounce. Gold was last week selling at 148½. per ounce in the open market. At the old figure the Bank's gold holdings amounted to only...
...stunts or in her barter deals with fascist countries, Colonel Batista lost no time in seeing U. S. press correspondents, reassuring them that Cuba is "not going Communist, nor Fascist, nor Nazi. We are progressives." The Colonel recently had his bread buttered with a $50,000,000 U. S. bank loan to Cuba and he showed he had not forgotten it. Because the Colonel believes that "social aspirations are similar" in the three countries, he proposed a "United States-Cuba-Mexico axis," declared that "there is no room in the Western Hemisphere for any political ideology of Europe...
Fifty-four years ago, during the free-spending administration of handsome U. S. President Chester Alan Arthur, the Cincinnati Graphic proposed for Cincinnati a subway for speedy transportation of the city's workers from the "Basin" business district on the north bank of the Ohio River to the uplands east, north and west where they lived...
...most important facts revealed by year-end statements is inventory position. Last week, reviewing statements from 100 leading corporations (all having inventories of $1,000,000 or more), Manhattan's National City Bank found cause for optimism: their inventories were off an average of 10% from a year ago, 15% from the peak of the Depression II inventory glut in September 1937. Both in its evidence and its opinion. National City thus reflected the virtual consensus among businessmen that the inventory problem, so severe year ago, is now well in hand...
...These bank figures are commonly thought of as showing merely the condition of the banks. But they also show the business condition of the banks' customers. What is a deposit to a bank is a cash asset to some customer. Bank loans, in turn, are a large part of customers' short term liabilities. "Bank debits," checks drawn to all accounts, represent "gross sales" and thus reflect public spending. The trend of inventories bought with borrowed money may also be followed in the rise or fall of bank loans...