Word: boosting
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Dates: during 1930-1939
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...price of bonds, whose rate of retirement is fixed, work in an inflexible inverse ratio. The current downward trend in bonds set in just about the time the Federal Reserve Board was getting set to cut excess bank reserves for the second time, a move which was sure to boost short-term if not long-term interest rates...
Toward week's end the pace of metal speculation in both London and the U. S. slowed appreciably. Ominous reports that the British Government would step in, if speculators continued to boost the costs of rearmament, dampened London's ardor. But metals did not calm down until zinc had zoomed to the highest price in eleven years (7½ per lb.) and lead, in the heaviest trading in that heavy metal in the history of the New York Commodity Exchange, was whooped to 7¼? per lb., highest since...
Twice last week the price of U. S. copper had to be hiked to keep it in line with soaring foreign quotations. The last was the seventh boost in two months and left the metal at 15? per lb., more than triple its Depression low. Yet every quota, restriction or curtailment program had been removed from production, and long-closed, high-cost mines were preparing to cash in on the boom. Where was the copper going...
...John Hay ("Jock") Whitney, was apparently expressing no more than a pious hope. Only a few days before he released his report the people of Texas in the persons of the committee on revenue & taxation in the lower house of the Texas Legislature voted 11-to-6 to boost the sulphur tax from $1.03 to $2. To the dismay of Freeport and Texas Gulf witnesses and pleaders on the scene, the committee came within one vote of amending the bill to make...
...while other commodities were booming upward the average price of crude oil remained steady around $1.05 per bbl. Late in the year Dan Moran's Continental Oil and Edwin B. Reeser's Barnsdall Oil announced that they would open the play in 1937 with a 17? boost. This they did, but their fellow oilmen stayed out of the game, creating a dual price level in mid-continent territory. Then last week the rest of the industry decided to jack their prices not 17? but 12?, and Messrs. Moran & Reeser had to come down. Uniform posted prices prevailed once...