Word: demanding
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Dates: during 1930-1939
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...prices: "Prices are no longer determined by the law of supply & demand in many basic industries. There is no way on earth to regulate the economic oligarchy of autocratic, self-constituted and self- perpetuating groups...
President of the American Economic Association is famed Professor Oliver Mitchell Wentworth Sprague of Harvard, onetime adviser to the Secretary of the U. S. Treasury and the Bank of England. Declaring that a general reduction in prices and wages is needed to expand demand for capital goods, he remarked: "Certainly nothing in this direction can reasonably be expected so long as the policy of the various industries is precisely that of the less intelligent labor leaders-that of making adjustments to demand almost exclusively through reduced output...
...Terry Morrison, effected enough artful Auburn deals to raise the price from $38 on Dec. 24, to $54.25 on March 5, 1936. SEC claims that this was done by such oldtime pool methods as buying heavily at the close, issuing extravagant statements, using discretionary accounts to create an artificial demand. Reason for raising the price, implied SEC, was that Cord Corp. had underwritten some $2,800,000 in Auburn debentures convertible into common stock at $50 a share. SEC made it clear that E. F. Hutton & Co. as a company was not involved...
Indignant editorials in the Columbia Spectator have criticized Norris' action, staunchly suported students and faculty members who demand collective bargaining instead of ineffective, disorganized conferences with individual protestors...
...production, rival nations expanded theirs. Cuba then sponsored the plan of Manhattan Lawyer Thomas L. Chadbourne whereby all sugar-producing nations adopted export quotas. Put into effect in 1931, the Chadbourne plan failed to raise prices because its quotas were too high in the face of declining world sugar demand. In 1932 the average world price of sugar fell to .9? a lb., well below the cost of production. Since then it has never recovered...