Word: discounts
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Dates: during 1920-1929
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...change in the discount rate of the Bank of England has always attracted world-wide attention because of its far-reaching effect on international trade through the international financial center at London. Upon July 5 the Bank's rate was moved up to 4% from the 3% rate which had been maintained since June 15, 1922. The change has brought the Bank of England's rate to within ½ of 1% of the 4½% rate now maintained by the New York Federal Reserve Bank...
...pronounced downward movement on the Stock Exchange has given rise to conjectures by the business world as to whether the peak in business activity has not already been reached. The well known ability of the stock market to " discount" future conditions has led some business leaders to anticipate the Autumn situation this year with less complacency. Industrial news, containing as it did reports of price cuts in oil and weakness in cotton and sugar, tended in general to confirm such less optimistic opinion, although April pig production set another high record. The strong banking position, however, indicates that should present...
...year the Russian State Bank has built up a gold reserve of $10,000,000. This sum has accrued largely from the 5% discount charged on all foreign exchange. Foreigners can cash cheques in their national currency, but minus 5%. Even this is more desirable than receiving a cartload of Russian rubles. ¶The Council of Labor and Defence, according to the Economic Life of Moscow, has resolved, in the interest of protecting domestic electrical industry, to prohibit the importation of all kinds of electrical materials. ¶The American Express Company announced that, in view of the improved Soviet banking...
...those manufacturers and jobbers who have feared legal complications as a result of some customary selling or distributing method. The decision was upon an appeal of the Mennen Company against an order of the Federal Trade Commission. This order forbade the Mennen Company to adopt any system of discount upon the basis of a classification of its customers as jobbers, wholesalers, retailers, " or any similar classification which relates to the customers' form of organization, business policy, business methods." The Mennen Company argued that it was entitled to allow wholesalers a discount based on their greater distributing faculties, and that...
...York, 1,500 traveling salesmen cheered for railroad mileage books at a 20% discount and agreed to fight in court any opposition by the roads...