Word: market
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Dates: during 1930-1939
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...Roosevelt dollar, and then within fixed limits (50% to 60% of the Hoover dollar). Its present value is about 59#162; , so that its theoretical value could be revised in only one direction-down, which would indicate higher gold prices, not lower. Yet the sole U. S. market for gold is the Treasury, and the Treasury may pay any price it pleases. Thus if the Treasury one fine day decided to offer $20.67 per oz. for gold instead of $35, the dollar, for all practical purposes, which means in foreign exchange, would be right back where it started...
...that a change was imminent. The Treasury's story was that some Manhattan bank concluded the same thing after a similar inquiry about future prices. Best guess was that it started abroad after some Manhattan bank notified its foreign correspondent that it was temporarily out of the gold market. Profits on gold transactions have been getting as slim as $250 on $1,000,000 worth of the metal, and with money rates rising the banks can now use their funds to better purpose elsewhere...
...morning last week riders on this and every other San Francisco cable car folded back their morning newspapers to be jolted by a full-page advertisement j headed: A FAIR FARE TO PAY FAIR WAGES. In a long appeal to the public, the Market Street Railway Co. was explaining why it had just asked the State Railway Commission for permission to jack its fare from 5? to 7?. By noon all San Francisco was jabbering, for cable cars are not the city's only unique transit pride. San Francisco is also one of the last stands...
...York Produce Exchange began trading in frozen eggs two years ago, but in this product as in shell eggs New York remains primarily a spot market. *Not burying but drying or sealing in alkaline paste. The latter method, by which old eggs attain a rare delicacy (for the Chinese) comparable to that of old brandy (for Westerners), has never found favor...
...first novel. Gone With The Wind. Last week Virginia Woolf of London, England published her seventh. The Years* Margaret Mitchell's book has sold more copies (1,300,000) than all Virginia Woolf's put together. But literary brokers who take a long view of the market are stocking up with Woolfs, unloading Mitchells (TIME, April 5). Their opinion is that Margaret Mitchell was a grand wildcat stock but Virginia Woolf a sound investment...