Word: basic
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Dates: during 1920-1929
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...last cut of the New York Reserve rates to 3½%, however, as well as the basic tendencies in the U. S. money market of which this cut is only an expression, have produced a novel result. New York, instead of being one of the dearest money markets in the world, is now cheapest...
...last issue of the Business Bulletin of the Cleveland Trust Co., of which he is Vice President, he reiterates his belief as to the basic character of the steel and iron industry and its tendency to increase or decrease in the general business conditions. Yet Col. Ayres does not look for any sudden recovery in the industry. As he points out, there are four great buyers of steel who absorb about two-thirds of its entire output: 1) the railroads, which buy about 25%; 2) the building industry, which takes about 15%; 3) the pipe and tank industry, using another...
Railroads. The lowest rates consistent with good service. A scientific readjustment of rail rates to encourage agriculture and basic industries. Amendment of present railway laws and of the Railway Labor Board Law when experience shows the necessity. Consolidation of roads. Collective bargaining, mediation and voluntary arbitration. No involuntary settlements of labor disputes. An impartial tribunal to investigate and publish facts of disputes...
Trade news continued to reveal a sizeable recession in both production and trade. The basic steel industry in particular has slowed down to a marked degree, and is now operating on about a 60% capacity. In some specialty lines, such as carpets, a real breakdown has occurred...
...goose flesh, has regained its habitual British sangfroid. Financial writers point out London's superior experience in foreign trade and its physical nearness to the world's ports compared with New York's. It has no intention of seeing the dollar usurp further the central and basic position in international trade occupied so long by the pound sterling. On the other hand, America's impregnable strength in gold reserves, and the absence of the gold standard just at present in British international financing, are clearly recognized. In Germany, the question as to whether their new credit...