Word: marketeers
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Dates: during 1930-1939
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...paper currency to be backed by the Treasury's idle gold. Idaho's Borah and Nevada's Pittman joined them in demanding, further, that the price now paid for silver by the Treasury (64.64? per oz.) be raised much higher above the market price (40¾?). For four long days last week they tied up other legislation while they "explained" their aims to the Senate and nation. Senator Pittman, an Administration man in most things, gave Secretary Morgenthau a ferocious wigging for not telling the President about the plight of 318,000 Westerners who (Pittman said), dependent...
Ambassador Joe Kennedy, for the U. S., President Oliver Frederick George Stanley of the Board of Trade, for Great Britain, last week signed in London a swap of raw materials which both parties insisted was totally different from the Dictators' market-ruining barter deals in that the U. S. British materials would be stored off the market for seven years, used by the Governments during that time only in case of war. The U. S. got 85,000 tons of rubber, about one-fifth of a peace year's consumption. Britain got 600,000 bales of cotton, almost...
...Haifa, Palestine, 18 Arabs were killed, 24 wounded, by a time bomb exploding in a vegetable market. British authorities believed Jews, probably of the Revisionist organization, the culprits. Arabs planned a general strike, while members of Haifa's Christian community asked the British High Commissioner to protect the Arab population. Jewish communal leaders hastened to condemn the "dastardly murder of innocent Arabs, women and children." and Chairman David Ben Gurion, of the Palestine Jewish Agency, again warned his people that "we must not sully our struggle with despicable acts of madness...
Stocks: Stocks turned weak without a new high for the rails which would have "confirmed" the industrials' last peak (TIME, June 5). The market, unresponsive to Hopkins' optimism and the steel rate, last week lost nearly a third of its gain from 1939's April...
...Salop and two brothers, Morris and Abraham, were in the retail shoe business. Then Max went into second-hand books, started the Harlem Book Co. as a retail bookstore on Manhattan's 125th Street. When Depression hit, he waved ready cash under publishers' long faces, cornered the market in publishing's distress merchandise. Today he owns several bargain bookshops, a reprint house which publishes under half-a-dozen aliases. Not even Salop himself knows how many books he sells a year...