Word: effective
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...considers no longer valid that part of the Treaty of Versailles which, as not many non-Europeans still remember, vests control of all the principal German rivers in the hands of International Commissions. By tearing up this page of the tattered Treaty, Herr Hitler did nothing of immediate practical effect but Central European countries like Czechoslovakia, much of whose goods passes over German rivers, took Der Führer's move as an act of derisive menace corresponding exactly to cocking a snook...
...given a hearing before the charges were broadcast to the Press, James M. Hutton Sr., head of the 50-year-old Cincinnati firm, cracked back in a flat denial: "It [the stock] went up purely because of the ancient law of supply and demand that has been in effect much longer than the law under which the Securities Commission operates...
While the deflationary effects of sudden liquidation of the $7,000,000,000 worth of U. S. investments now owned abroad would be terrific, the inflationary effects of incoming capital is the Government's immediate problem. The money not only goes into the stockmarket in the form of cash but also goes as gold into the credit base, where it has ten times as much effect, a dollar of gold supporting at least $10 worth of credit. U. S. gold stocks are already at the incredible figure of $11,100,000,000, over one-half the world...
...brokers at home and abroad gave it the darkest interpretation. In London, where "hot money" is called "funk money" and any interference with international trading is deplored, a thoughtful broker declared: "It appears that Mr. Roosevelt once more is striving to achieve a reputable objective without regard to its effect on the world situation." In Wall Street a feeble attempt was made to brush the problem aside on the ground that part of what appeared to be foreign investment was in fact buying by U. S. citizens through foreign banking houses, whose margins are lower than those demanded...
...stiff are the new taxes on undistributed corporate earnings (up to 27%) that managements are trying to get substantially all 1936 profits into the hands of stockholders before the year-end, when the tax-year for most corporations also ends. Whatever the ultimate effect of this policy may be on corporate finance, the effect on the spendable national income is plain. Total distributions to stockholders in the last three months of this year directly traceable to the tax law, the New York Journal of Commerce estimated last week, will...