Word: marketeers
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Dates: during 1930-1939
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Three months ago five U. S. cotton textile men, headed by Dr. Claudius T. Murchison. went to Japan and accomplished something remarkable. The Japanese had begun to make alarming inroads on the U. S. market for cotton goods. In recent years the almost standard method of competition in foreign trade has been horse stealing-for exporters to steal as much of a foreign market as they could by underselling, for the victims to steal it back by imposing political quotas, tariffs and restrictions, fair or unfair. Dr. Murchison and friends in a mere ten days got the powerful Japan Cotton...
...endless line of steel cable an inch and a half wide moving at 8 m.p.h. When the gripman grips, the cable car moves steadily up the steepest hill, protected by three sets of brakes. Busiest cable car is the Powell Street line, starting on a turntable where Powell joins Market Street, San Francisco's "main stem." Passengers scurry for seats while the gripman and conductor swing the tiny car on the turntable until it faces uphill. Then with a great clanking (gripmen traditionally play tunes on their gongs) the car rolls up the sharp grade, past the swank Fairmont...
...Bankers' acceptances were hiked not once but twice, bringing the rate to its highest point in three years and slightly above the figure offered by the Federal Reserve Banks ( ½of 1%). However, the Federal Reserve not only refused to up its acceptance buying rate to the open market level but actually bought some bankers' ½ bills, for the first time in more than two years, thus flashing its clear distaste for the strength of the money market. When it increased bank reserve requirements last January, the Federal Reserve expected short-term interest rates to firm a little...
...third in gold alone. The total of dividend payments by Dominion mines more than tripled. Mining now ranks ahead of lumber and newsprint as the most important Dominion industry outside of agriculture. And the Toronto Stock Exchange, now merged with its old mining rival, not only outstrips the Montreal market in dollar-volume of trading but also exceeds every exchange in North America except New York's "Big Board" and the Curb Exchange. In number of shares traded it even tops the Curb...
...were 35,940 copies of Gone With The Wind, returned by R. H. Macy & Co. under terms also stated in the fair trade law. To mammoth, price-cutting Macy's, which has fought the law from the start and is out to publicize its opposition, there was little market left for Gone at $3. Macy's had sold the book...