Word: bullion
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Dates: during 1930-1939
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These conflicts probably will be in due time ironed out but they constitute deflationary influences which are preventing a demand for goods and products from achieving natural growth--something that would bring the price level up faster than any tinkering with gold prices by buying and selling bullion...
...administration would prefer to have observers consider the whole picture rather than any single factor such as the buying of gold bullion. The' experiment being tried in 'endeavoring to regulate gold prices is not for a few weeks but for a relatively long period certainly until well after Congress ha reconvened, and perhaps the President will wish even then not to interrupt who will have begun to be an exchange stabilization fund for the American govern ment analogous to that established by Great Britain...
...elderly Manhattan attorney named Frederick Barber Campbell marched into Chase National Bank followed by an armed guard trundling 13 bars of gold. Mr. Campbell had just drawn this bullion from the Federal Reserve Bank in return for gold certificates. Each bar, worth approximately $5,000, had been cast by the U. S. Treasury and bore its stamp and number. Lawyer Campbell arranged for the Chase Bank to act as hired custodian for his bullion...
...Court in Chicago issued a temporary injunction against withdrawals from the Harris Trust & Savings Bank account of a Greek named Constantine S. Eftax. One Gus Lowry of Sullivan, Ind. charged that Eftax is really Samuel Insull, fugitive utilities magnate; that he deposited $1,000,000 in securities and gold bullion before he fled to Greece, draws $150 to $400 weekly interest on it. Lowry declared that "Eftax" recently tried to get $50,000 in gold out of the U. S., that the account should be appropriated for Insull stockholders. Harris Trust replied that the account amounts to only...
...white metal on the world market for the next four years. Sales of surplus silver by the holding nations would be reduced to about the same extent that the producers agree to withhold silver from the world market by purchasing it for their treasury reserves of coin or bullion...