Word: market
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Dates: during 1930-1939
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...order of President Roosevelt the Treasury has been buying for the past two years all the silver freshly mined in the U. S. For this the Treasury paid a fictitiously high price-78? per oz. last week. If this same silver had been sold in the world market, it would have brought the current world price-45? per oz. last week. Under the stimulus of this 33? Government bounty, U. S. silver production rose from 16,742,000 oz. during the first half of 1935 to 29,852,000 oz. during the first half of 1936. To win the silverite...
This little pig went to market, At a price too fancy and high, This little pig went to heaven (Or where pigs go when they die); This little pig had taxes galore To drain and condition its sty, And this little pig dined in grandeur and state On eight different kinds...
From the German point of view, President Roosevelt, in trade matters, is a shady coin-clipper who cheapened the value of the U. S. dollar and thus "unfairly" reduced U. S. export prices on the World market. In Washington's eyes, the German Economics Minister and Reichsbank President Dr. Hjalmar Schacht is also shady because he does not similarly and frankly reduce the value of all German marks but, instead, has created an intentionally bewildering list of different kinds of marks. Each has a separate value and all are manipulated to Germany's trade advantage by Schacht...
Ultimately Atlas acquired not only Pusco but a face value total of $20,000,000 worth of Utilities Power & Light debentures-40% of the holding company's funded debt. In making these huge purchases the market price of the debentures nearly doubled. But the fact remained that the holding company could not continue to pay interest out of capital indefinitely. To avoid a 77B reorganization something had to be done...
...parent company would realize cash to buy up and retire some of the debentures which were plaguing it. While Greater London & Counties Trust supplied about one-half the holding company's total income, the proceeds of the sale would enable Utilities Power & Light to buy at open market prices considerably more than one-half its bonds and still leave something for needed working capital...