Word: effectively
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Dates: during 1920-1929
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...Crimson, dignified Harvard daily, printed an explanation to the effect that a mortgage on the Lampoon's building had been foreclosed by the University authorities, and that the building would become a dining hall in the Harkness project...
Coincident with the Reserve Board's statement came the announcement that the Bank of England had raised its rediscount rate from 4½% to 5½%. With the New York rate at 5% the effect of this change will be to decrease the flow of gold from England...
...combined bearish effect of the Federal Reserve statement and the English rediscount raise was immediately observable. Market quotations sprouted a universal crop of minus signs. In a day's trading General Electric was-off 12½ points, Westinghouse 10?, Case Threshing 10½, International Harvester 6?, U. S. Steel 6¼. An average of 100 representative stocks declined 3.26 points. The Exchange closed Saturday, allegedly as the result of an influenza epidemic whose peak had long since passed. Stocks reopened on Monday comparatively strong, however, showing a distinct recovery from their first disorderly retreat. Having had time for reflection, traders had apparently decided...
...discourage speculative borrowing and low enough to encourage industrial borrowing. The determination of such a rate is obviously a delicate matter involving many considerations other than bulls and bears alone. The New York rediscount rate has, however, been raised three times in the last year (though without any withering effect on the market), t was not raised following the Reserve Board's proclamation of last week...
...increase so far as to compel a radical revision of Federal Reserve policies and functions. Meanwhile, however, speculators were inclined to feel that the Reserve Board's big words were larger than any big stick it might produce, that it was perhaps talking chiefly for the not inconsiderable moral effect which its speech actually did have upon a nervous and inflated Exchange...