Word: hoarded
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...right to issue $1.29 worth of silver coins for each ounce of foreign silver it buys (current price: 35? an ounce). The board argued that these three measures, adopted during Depression I to combat deflation, are no longer needed. What is needed, thanks to the huge U. S. gold hoard and the booming defense program, is protection against inflation. Repeal of these three powers would remove three dangerous inflationary threats...
Best talent: Jack Gilford, who does an imitation, at once funny and narcotic, of a man trying to stay awake at a pep meeting of the "Hoard Motor Co." Typical piece of ragtime sociology: a mass strip number exposing union labels...
...damped more than one price spurt by methods not always polite. Last fall the posted steel price threatened to rise; the Temporary National Economic Committee called steelmen to Washington, argued for low prices, hinted at an anti-steel publicity campaign; the steel price stayed put. When housewives started to hoard retail sugar (TIME, Sept. 23), the President untied import quotas; in came Cuban sugar, down went prices. Copper began to move upwards; the President said the price was being watched, and the move slackened. Few weeks ago domestic mercury sold as high as $200 a flask. So the Administration stopped...
Almost out of marbles, Herr Dr. Funk, with a wave of his hand, whisked away the U. S. Treasury's $20,400,000,000 gold hoard-about 75% of all the world's monetary gold. If dumped on an island which then disappeared, said he, its lack would not hurt the world economy. For in the new world economy the dominant currency would be the Reichsmark, whose value, as at present, would be "assigned to it by the State." And if the U. S. wishes to adjust itself to the Nazi system, it must lower the dollar price...
...soldiers ever have to fight in Central or South America, large quantities of yellow-fever vaccine will be needed. The U. S. hoard of that must start almost from scratch. Surgeon General Thomas Parran recently observed that there was hardly enough yellow-fever vaccine actually on hand to immunize a single regiment...