Word: grosse
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Dates: during 1930-1939
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...bluffing it was plain that the tax schemes cooked up by bumbling Mayor O'Brien and his adviser, Samuel Untermyer, threatened Manhattan with a major economic calamity. To escape the Mayor's new 4?-a-share stock transfer tax and 5% levy on brokers' gross income, not only the Stock Exchange but the Curb and Produce Exchanges, the over-the-counter dealers and all appendages of Manhattan's vast securities business were ready to join the Jersey hegira. For Mayor O'Brien had inadvertently brought home a great truth to the men who buy & sell...
...jobless still exceeded 7,000,000, most of whom would have to go through another bleak winter before getting work. From Feb. 15 to Aug. 15 the index of all farm prices rose from 49 to 72, with 100 (the 1914 level) as the ultimate goal. In 1932 gross farm income was $5,143,000,000. This year it will be about $6,360,000,000. The 1914 level was over $9,000,000,000. Since the President took office, mass purchasing power has increased...
...gross income drawn by utility companies from sources within the city (estimated yield...
...gross income of all stock brokers whose head offices were situated in the city (estimated yield...
Well might the brokers clap for their defender. Many a small brokerage house which has a gross business of $500,000 a year is lucky in these days to net 15% of gross for division among half a dozen or more partners. A tax of 5% of gross would take one-third of its profits. Worse off would be larger houses which do a large "wire" business (execute orders transmitted by out-of-town members, receiving only one-half of the normal commission for their services). Worse off too would be oddlot houses, who specialize in furnishing lots of less...