Word: discount
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Dates: during 1930-1939
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...Late last week, following a rise of ¼ of 1% in the London open market discount rate, it was announced that gold withdrawals from the Bank of England had temporarily ceased...
...halt the flight of capital the German Reichsbank has had to put its discount rate up. This move has been successful. The flight has ceased. But with the rate 2% in Manhattan, 3% in London and 2% in Paris it was 5% last week in Berlin...
...exceptional rapidity, a fact which . . . was evidence of a movement of securities . . , from stronger to weaker hands. . . . The security market was further weakened by . . . a conspicuous failure in the British market and by withdrawals of foreign funds from this country. On Sept. 26 the Bank of England . . . increased its discount rate. . . . These developments, coming at a time when industry was reacting from an earlier overstimulation . . . culminated in October and November in violent declines in security prices...
...clock today for the following persons: All present members of the University, including Harvard graduate H. A. A. book holders who are members of the University for the academic year 1930-31. H. A. A. book coupons are not good after 6 o'clock today for ticket discount to West Point and Dartmouth games...
Worried Wall Street. Because one of Fascist Hitler's most popular platform points is complete repudiation of all reparations payments, German reparation's bonds sold off last week on all exchanges, declining in London to a figure representing an 11% discount. In Wall Street a recession of some five points in common stocks was charged off by fiscal writers to a whisper among the knowing that "there's revolution in Germany right now, but the censor's sitting on the lid." All the big Berlin banks parried long distance calls from U. S., British and French...