Word: firming
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Dates: during 1930-1939
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Specifically he cited a case that had come to President Roosevelt's attention: A firm with a $150,000 order from U. S. Steel Corp., and no credit available to fill it. "Such a circumstance is a travesty on banking. ... I could cite hundreds of cases . . . cases where a way could be found if a real interest is taken by the banker...
...right to his money. This law makes the theory a fact. It will banish fear in every banker's mind of runs upon his bank. ... Is there any depositor who would not accept one-half of 1% less interest and know his deposit was insured? ... It is my firm opinion that the insurance feature of the law will save millions to our people...
...pours its banked energy into the place where the flower-stalk ought to be, produces a basin of sweet sap from which Mexicans make their national drink, syrupy pulque. By distilling fermented pulque they make mescal, a potent liquor. By letting the flower stalk grow, drying and slicing the firm pith, they get natural razor strops, insulating material...
Last week a notable meeting of stock-holders was held in a gymnasium. The gymnasium (no longer used on account of Depression) is on the second floor of Armour & Co.'s main building in the Chicago stockyards, faces on one side the packing firm's general offices, on the other a cowpen. The meeters were Armour & Co.'s stockholders. President of Armour & Co. is T. G. Lee. Thirty-eight years ago as Thomas G. Lee he became a stenographer in Armour & Co.'s beef department under the late F. Edson White. Through the ranks he rose...
...wines and whiskeys American Liquor Exchange, Inc. quietly opened for business in Manhattan last week. Founded by Sidney Reich, a 40-year-old importer whose family has never been more than a stone's throw from a vineyard, brewery or distillery, it is not an exchange but a firm dealing in warehouse receipts. Stocks cannot be removed from bonded warehouses (except with a federal permit for medicinal sales) but receipts representing ownership can be traded. Quotations: bourbons ten years in the wood-$-34 to $35 a case; ryes-$35 to $51 a case...