Word: discount
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Dates: during 1930-1939
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...that Canadian banks may freely discharge their U. S. obligations, the Canadian Government last week prohibited the exportation of gold save under license. Restriction of gold exports will stabilize Canada's exchange, which has lately been at a discount...
Italians fear II Malocchio, the evil eye. Last week in Providence, R. I., Domenico Di Luglio, 65, seemed to cast an evil eye on Woonsocket Loan & Discount Co. as he strode up and down in front of it for the better part of an hour. Banker Di Luglio, a powerful man who eats more than his doctor advises, likes the red wine too, had just that morning resigned as president of $500,000-in-resources Dante State Bank, giving the position...
...Belgian government bonds are selling above par. Savings bank deposits are increasing yearly. The Belgian bank discount rate is 2¼% as compared with 8% for Germany, 4¼% for Britain. Exports almost equal imports. There are only 62,000 unemployed. Antwerp shipping increases yearly, and the city's skyline, almost unchanged since the days of Pieter Breughel and Jan van Eyck, is now stabbed by an up-to-date portentous 20-story skyscraper. The gold coverage of Belgian banknotes is at the proud level...
Within three weeks $160,000,000 in gold had been drawn from the vaults of the Old Lady of Threadneedle Street, chiefly for France. This drain on the Old Lady slowed down but did not stop entirely fortnight ago when the bank raised its discount rate to 4½%. British bankers well knew that France still had credits of over $630,000,000 in Great Britain. If she wanted to, France could draw out every bar of gold in the bank. The Daily Herald, organ of the Labor Government, minced no words: "We are in the presence of a deliberate...
...dealer sold goods at 25, 16 and 5% off. and the discount amounted to $722.20. Find the cost...