Word: dollars
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Dates: during 1930-1939
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...exchange for 90 days upon proclamation by the President of an emergency. The Commodity Exchange Administration has control over grain futures markets, can set permissible limits beyond which no future can rise in a single day. And the President, in addition to his power to cut he dollar to 50% of its old gold-standard ralue (it is now 59%) has the power to regulate or prohibit all dealings in foreign exchange...
...Production has become definitely the smaller end of U. S. business. Of the average consumer's dollar, 41? goes for goods, 59? for advertising, transportation, an involved system of middlemen, dealers, retailers...
...inefficiency the industries of distribution as a whole are no gold mine for those engaged in them. ". . . The elimination of the net profits of distribution all along the line from primary producer to consumer would result in an average saving of no more than three cents out of every dollar paid by consumers for finished goods." The research done, ten economic bigwigs were asked to confer, formulate a "program of action." They nibbled like scared mice at the big cheese of distribution, recommended: strict accuracy in labeling and advertising, consumer education, commodity research, careful cost analysis of distribution industries...
...looked timely to most of Oriental Consolidated's 829 stockholders (350 English, 224 American, 149 French, 106 scattered). On the London Stock Exchange news of the negotiations jumped the price of shares from 12½ shillings ($2.87) to 35 shillings ($8.05) in three weeks. Accustomed to an average dollar annual dividend on their 429,300 shares, stockholders will now have to trust that Yokohama Specie Bank will repay their capital in the next four years. But with Japan intent on squeezing all Occidental enterprises out of Asia, and particularly keen to get gold for her nearly empty war chest...
...price of the pound sterling (it hit $4.12 early this week) makes British goods some 10% cheaper in world markets than they were August 1. If the crisis passes without the war the pound is not likely soon to return to $4.86 or even $4.68. So unless the dollar is competitively devalued U. S. manufacturers will face new British underselling. If Argentina, Australia and other crop exporters (in the sterling area) also mark down their currencies, as is likely, their cotton, grains and meats will grow cheaper, intensifying the U. S. crop crisis (which only a war could ease...