Word: basic
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Empire stewardship has now been in Conservative Party hands for nearly five years. One year ago the No. 1 steward, Chancellor of the Exchequer Neville Chamberlain, closed his annual budget with a triumphant surplus of ?31,148,000 (then $159.477,760), and reduced the basic British income tax rate from five shillings on the pound (25%) to four shillings sixpence (20%). Said hawk-nosed Mr. Chamberlain dryly, "I think the nation has finished the story of Bleak House and can begin that of Great Expectations...
...Crisis declared that it was "a great mistake to dismiss the riot as a demonstration of a few Communists and agitators." Dr. Robert W. Searle, general secretary of the Greater New York Federation of Churches, echoed this view: "We cannot make the Communists the scapegoats for a basic condition which made possible such a hysteric outburst." Most sociologists agreed with Dr. Searle that the "basic condition" was economic discrimination against New York's Negroes, which had in turn set up a tragic train of unemployment, undernourishment, bad housing, disease, vice, unrest and, last week, resentful disorder. In three centuries...
...worse in every important economic area of the earth (see p. 20). After the meeting a New York Times correspondent wrote: "There is no feeling of despair and no fear of an immediate catastrophe anywhere, however. Pessimism comes from the continued lack of any indication of improvement in the basic factors . . . and discouragement from the fact that every one, despite all efforts made, feels he is forever fighting in retreat...
...crude were sold. But trading was precarious when crude prices, notoriously unstable, often jumped from $2.75 a bbl. one year to $20 the next. When the Oil City Exchange, last of the big markets, closed in 1892, oil became the third of U. S. industry's most basic commodities not traded on any exchange...
Last week oil returned to market when the New York Commodity Exchange inaugurated trading in crude oil and gasoline futures, giving oil traders a chance to protect themselves against price changes by hedging. Selected as the basic oil for exchange contracts was mid-continent crude of 36 gravity which has been quoted at $1 per bbl. since September 1933. Sales for the first day were 14,000 bbl. at from $1.18 for July delivery to $1.25 for June delivery. Gasoline sold at from 5.78? to 5.98? per gal. Trading in oil and gasoline brought the number of commodities bought & sold...