Word: gold
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Dates: during 1930-1939
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Died. Edward W. ("Doc") Smithers, 69, chief White House telegrapher; of heart disease ; in Washington. Telegrapher Smithers started under McKinley in 1898. In 1909 President Taft gave Doc Smithers the gold telegraph key used ever since by Presidents to open bridges, dams, highways...
...greatest money-makers in the history of the theatre, the Gilbert & Sullivan operas today are finding new ways of striking gold. In Chicago an all-Negro Federal Theatre Mikado, set to swing, has the town by the ears. Last month Britain's G. & S. Films, Ltd. released The Mikado in Technicolor-the first full-length cinema version of a Gilbert & Sullivan opera in history...
...trouble but perhaps the real beginning, war-scare was doubtless primarily to blame for the break. Brokers reported heavy liquidation from abroad. Acute weakness in foreign dollar issues led bond prices down. The Dutch guilder was weak. And, as always when Europe has the jitters, the heavy flow of gold to the U. S. quickened. In one day last week London arranged to ship...
Despite this heavy drain, the price of sterling remained steady-which was not surprising since England has lately taken far-reaching steps to bolster her money. First such step came three weeks ago when the British Government transferred at one fell swoop ?350,000,000 in gold from the Bank of England to the British Exchange Equalisation Fund, whose purpose is to control the price of sterling in the world's markets. This left the Bank of England in the weakest position in seven years, with gold holdings of ?223,000,000. At the old parity price...
Fortnight ago the Bank of England asked London commercial banks to put the brakes on the flow of English gold to the U. S. by not facilitating speculations in U. S. securities. Last week this caused substantial British liquidation of U. S. stocks...