Word: lowerings
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Dates: during 1920-1929
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...contest was not wholly academic. The seat in Congress which each hoped to win is held at present by one William Cohen, shrewd Tammanyite, but formerly it belonged to Ogden Livingston Mills, now Under-Secretary of the Treasury. Mrs. Pratt vaunts no ambitions beyond representing the People in the Lower House-and living in official Washington. Mr. Phelps hopes, after serving in the House, to be Manhattan's, and perhaps New York State's, great and potent Republican Boss...
...Office Department at Washington came bids for supplying the U. S. with 12,800;000,000 stamped envelopes, enough to last four years. (TIME, Aug. 20.) Lowest of three estimates was the figure of International Envelope Co., an International Paper subsidiary. Post Office officials noted this bid was 22% lower than the present contract price (with Middle West Supply Co., Dayton, Ohio). But last week, the U. S. rejected all estimates, called for new bids...
These are the gaming tables of lower Manhattan. The gamblers are U. S. traders. The stakes are the world's rich supplies of cotton and rubber, of cocoa and spices and coffee. Near Hanover Square are clustered Manhattan's famed commodity exchanges...
...fixed for delivery of silk in each of the next eight months, the men seated at the "ring" will begin to buy and sell. At the close of the day, the last quotations will be chalked up on a blackboard. On the following day, traders may not advance or lower these quotations (per pound) by more than 50?. Thus the exchange authorities hope to avert sudden panics. If every bank in Japan failed overnight, the price of silk could not vary by more than 50?* on the next...
...Roerich Museum to hold his swift paintings. That museum now has about 750 of his 3,000 works. Other productions are in the Louvre, Luxembourg, Victoria & Albert museums. Finally moneyed friends started to build him a 24-story skyscraper on Riverside Drive. It will be completed next July. On lower floors are picture galleries, an auditorium, two libraries of U. S. and Asian art and philosophy, studios, classrooms, conference rooms. The 20 upper floors are to be rented for studios and apartments. Topping all is a flamelike pinnacle. Enveloping all is a heavy mortgage...