Word: equalized
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Dates: during 1930-1939
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...figure not far from the total national wealth. On this great turnover brokers' profits amounted to approximately three-tenths of 1%. Mr. Pecora also failed to mention the fact that State and Federal transfer taxes during the period yielded more than $360,000,000, an amount equal to about 40% of brokers' total profits. Boiling mad at Mr. Pecora's tactics, President Richard Whitney of the New York Stock Exchange roundly damned the report as misleading propaganda in favor of the Stock Exchange Bill. But in his haste to expose Mr. Pecora's errors, President Whitney...
...expected the biggest silver holders turned out to be banks and precious few bankers are silverites. Chase National of Manhattan nominally owned the largest amount (18,000,000 oz.). Since futures for silver are normally higher than spot prices, the banks had bought and stored spot silver while selling equal quantities for future delivery. Such transactions gave them a profit of 2½% on their investment, about five times as much as they could get on other short term investments...
...stockholders' approval he began buying 860,000 shares outright, took options on 298,000 more, all at a total cost of ?808,042. If he takes up his last option he will own some 33% and working control in ten major Malayan tin mines with an output probably equal to his Bolivian holdings...
...passed more quietly than usual in Paris. Communists tore up a few paving blocks in the workers' quarter on the left Bank, dug trenches, and built bonfires, but the gendarmerie were equal to the situation, and checked incipient parades. "For the first time in many years on a May Day," reports say, "there were taxicabs in plenty on the streets,"--perhaps a more real menace to the citizenry than parades themselves, if we remember our fiacres. So peaceful was the day that correspondents did not see fit even to mention the state of health of "Smiling Gaston's" Ministry...
...sensible treatment of a situation that has caused as much unrest and anxiety as the war itself. Germany must be given an opportunity to regain her self-respect and full nationhood. If another world catastrophe is to be avoided, she must be accepted among her fellow states as an equal. Proud and idealistic the Teuton race will not suffer much longer the injustice that has been inflicted upon it by arrogant nations. Everywhere they clamor for peace but nowhere are any adequate steps taken to assure that war will not be waged...