Word: guesswork
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Dates: during 1930-1939
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...taken. Next morning the grain pits reopened and prices promptly dropped another level lower: dropped and bounced. They mounted rapidly and closed with substantial gains for the day. Thereafter they swung up and down, but neither sudden disaster nor abrupt boom followed. Cause of the arrested fall was guesswork. Some attributed it to talk of the formation of a $50,000,000 to $75,000,000 pool (President Peter B. Carey of the Board of Trade admitted a pool had been discussed) to buy up "distress grain" which threatened the market-the holdings of speculators caught in the July break...
...political effects of the Walker case on the presidential campaign remained a matter of public guesswork and individual speculation. The most widely held view was that developments had hurt Governor Roosevelt and helped President Hoover. The Mayor's resignation had deprived the Governor of a spectacular chance to remove him and thereby win support outside New York as the honest foe of Tammany Hall. Yet Tammany's bitterness toward the Governor was as intense as if he had actually ousted its favorite. The Democratic nominee had lost in New York City without a compensating gain elsewhere. A Walker...
...more before Congress sat, distribute them in advance to the Press in time for mailing to the Pacific coast. Receipt of the Message in confidence automatically estopped all news speculation as to its contents. But because President Hoover was slow finishing his, the public prints last week rioted in guesswork. Asked whether it would be long or short, Private Secretary Joslin gravely declared: "All I can say at this time is that the message will not be a long one-and also that it will not be a short one." For weeks President Hoover has been carrying around a little...
Northeastern Passage. There was small need for public guesswork when a red Bellanca seaplane popped up in Greenland one day last week. Although everyone was astonished that a plane could fly there from Detroit unnoticed, the news that Parker ("Shorty") Cramer was the pilot was a sure clue to the flight's objective. Since immediately after the War. Pilot Cramer, onetime flying partner of Sir George Hubert Wilkins, had been arguing for a subarctic air route to Europe via Canada, Greenland, Iceland, Norway, Denmark. Twice he attempted a trailblazer, twice failed: once with Pilot Bert Hassell...
That which bankers like least is guesswork. Yet every Tuesday and Friday all member banks of the Federal Reserve system have to make a hurried guess around 3 p.m. The guess is not what their condition is at the moment, for that is always ascertainable, but what it will be later in the day when they make their semiweekly reports to the Federal Reserve. Late transactions can turn proper reserves into surpluses or deficiencies. A surplus signifies a multiplied loss of profit owing to the fact that a dollar in reserve means many dollars in banking power; a deficit means...