Word: depressive
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Legislative hobby: Laws against cotton speculation, the boll weevil and Federal crop reports which depress cotton prices. His friends consider him the Senate's "cotton expert." He publicly complained that President Hoover put no "real cotton man" on the Farm Board...
...week began with an interview at the fountainhead of executive intervention, the White House, where President Green & colleagues set forth the three great grievances of striking bituminous coal-miners-police brutality, suppression by injunction and "gigantic conspiracies" by the Interests (railroads, power companies, banks) to depress coal prices and crush union labor (TIME, Nov. 28). They asked President Coolidge to call a conference of miners and operators; and to suggest that Congress investigate police strikebreaking, injunctions, conspiracies...
...Steel reports have long been business barometers. But "as Steel goes, so goes the market," is no longer a Wall Street axiom. The decline in Steel earnings failed to depress the market last midweek when the report flashed over financial tickers. On the contrary, stocks moved higher probably because of the more glamorous General Motors figures. The automotive industry is now the dominating factor in U.S. industry...
...Jenkins' invention did not, however, enable a plane to depress its wings, bird fashion. It was an adaptation of the reversible propeller blade already used on water ships but hitherto considered too dangerous for planes because of the havoc a pilot would cause by pulling his reversing lever at the wrong moment. The Jenkins device included a safety catch released only by the contact of the plane with its landing surface. When this catch releases, the pilot can "shift gears," reversing the pitch of his propeller blades so that the pressure they beat up pushes the plane backward instead...
...House of Rothschild is so rich that it cannot do bad business." It has done hundreds of times such "business" as to take over securities at 100, send them to 130 by the sheer weight of the Rothschild name, sell out next day at a profit of 30, then depress the securities to 70 by announcing the securities had been abandoned by the Rothschilds, and finally buy them back with a total profit of 60% on the whole manipulation...