Word: fillips
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...little is known except that winter wheat is seldom damaged by it because the stalks grow tough before the blight appears. But tender spring wheat is particularly susceptible this year because of late seeding. Rust reports flowed into Chicago from all important spring wheat districts last fortnight, giving a fillip to the wheat futures market. Some estimated a loss of 20,000,000 bu., nearly 10% of the spring crop. Last week the Department of Agriculture declared reports were greatly exaggerated but admitted that rust damage was "difficult to measure...
...policy, van Zeeland took a position opposite to President Roosevelt's. He announced nothing resembling the NRA, and headlines about NEW DEAL FOR BELGIUM could be charged off as oversimplified tosh. Chief effect of the European currency misgivings produced by Belgium's devaluation was to give a fillip to the notion that "Sterling is the best money," and Sterling soared against other currencies, gold and paper. Smug British bankers plumed themselves once again on the Empire's supremacy in creating sheer confidence out of whatever sheer confidence is made of. Keen in their quiet way, His Majesty...
...Lastly and perhaps most important at the moment, Mr. Morgenthau apparently hoped to give a fillip to the Treasury's $2,378,000,000 refunding program, launched last fortnight. Public response to the exchange offers has been slow. If any headlines could harden a soft Government bond market, none would be better than REDUCTION OF PUBLIC DEBT. Day after the announcement Government bonds declined...
According to the Major, President Roosevelt's monetary attack is divided into three phases: 1) threat of inflation, which gave a mighty fillip to business last year; 2) credit inflation, which is just getting under way; 3) printing presses, which may never be used at all. Major Angas pins his faith on credit inflation. He argues that devaluation of the dollar broadened the gold base for credit 75%, which would theoretically permit a more towering credit structure than that...
Business for the nation's storekeepers was better last week. Warm-weather buying gave a little fillip to retail trade, which has just about held its own since April. Merchants in the drought districts, however, were demanding 50% cancellation clauses in their contracts. Carloadings were still nearly 13% above the same week of the year before but loadings of less than carload lots, almost wholly consumer merchandise, dropped 20,000 cars from the week before. Ore & coke for the steel industry, madly piling up inventories in anticipation of strikes, accounted for no small part of the carloading gain...