Word: logjammed
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...refunding operations, the Government had helped lower interest rates in general, boosted bond prices and dressed the money market for private financing. Citing the $112,000,000 of corporate refunding last March-nine times the figure for March 1934-he flatly stated: "It shows conclusively that the financial logjam has been broken...
Thus one of the most fabulous of all U. S. rugged individualists on the New Deal's "socialistic housing program," last December. Last week, without taking back one word, the same man announced that he was going to help "break the logjam that has for five years confronted the durable goods and heavy industries." And, what was more, the Roosevelt Administration was going to help him do it. For had he not just put over a project which,' with the exception of those partly financed by Federal funds, was five times bigger than the Federal Housing Administration ever...
Last week the following newsworthy corporations made the following news: Yankee Brass. The banking house of Kidder, Peabody & Co. tried to break the capital market logjam with an offering of $8,000,000 of industrial bonds-biggest since...