Word: basic
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Dates: during 1930-1939
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After many weeks of cogitation and cautious explanation, the New York Stock Exchange last week raised a phrase of Wall Street's vocabulary from obscurity to national import and significance. The phrase: Secondary Distribution. Basic in the Exchange's structure has been the principle that members receive commissions, but pay no commissions to their employes, for business in Big Board stocks and bonds. Also basic has been the general rule that no member has a listed security ''for sale." A member might advise a stock, might buy it in the open market for a customer...
...soon as the multitudinous details are completed the long-hoped for Constitution will become an actuality. Despite the liberality shown by the Conference England still maintains the power of intervention in case of trouble. But the basic idea of the new Constitution is to give the Indians as much freedom as possible. Whether they sink or swim depends entirely on them...
Recitation sections in most basic courses at Cornell bear out the need for better pedagogy, and freshmen are by no means the only one to suffer. In Chemistry 105, Physics 6, Economics 1, and some of the elementary language courses the student has no more than a fifty per cent chance of striking a well-taught section. In freshman English, where more of the men seem eager to stimulate intellectual activity, he may fare somewhat better...
Cotton Dogs. Bitterest last week were the plaints of Lancashire cotton weavers. Five thousand had already struck against the employers' new system of assigning one weaver to tend eight looms instead of four, while raising the basic wage from $9.36 weekly to only...
...failure of these forecasts eventually reduced the White House to glum silence, muffled the Cabinet. Last week, however, Secretary of Commerce Robert Patterson Lament uttered one more Administration prophecy. Prophet Lament was very cautious, very vague. Said he: "The apparent retardation in the rate of downward movement in several basic indexes of business, supports the belief that the elements of recession have now spent most of their force. . . . While it is impossible to forecast at what time unmistakable evidence of improvement in business will occur, it is clear that we have reached a point where cessation of further declines...