Word: million
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Dates: during 1920-1929
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Last week the 150 state banks of Naples wired to Rome, asking that fifty million lira ($2,500,000) be rushed south at once. Throngs of Neapolitans danced and cavorted through the streets, shrieking, delirious with joy. When the cash began to arrive in vanloads, each of the 150 banks became a scene of pandemonium. Once again...
...visit to the new Papal State, but beloved Louis Ernest Cardinal Dubois. When correspondents hastened to call upon the amiable and popular Archbishop of Paris, they found him in the best possible humor. He had just carried to Pope Pius XI, he said, a check for a half-million francs ($19,500). At first the Holy Father would not take it, but Cardinal Dubois gently proffered the sum a second time, and finally Pope Pius turned the check over to the Papal treasury, with instructions that it be used to relieve Catholic priests in Mexico, many of whom are homeless...
...Italian State. Today, however, the State has promised, in the newly signed Italo-Papal treaty & concordat (TIME, Feb. 18), to indemnify the Holy See for its losses of 1870 by a cash payment of $92,000,000. Therefore the act of Pope Pius, last week, in despatching a half-million francs worth of "Peter's Pence" to Mexico, seemed to augur that a new underlying theory of "Peter's Pence" is being evolved by the prelates of the Papal State...
...Manhattan's Cocoa Exchange-drab, brick, Water St. trading centre that fixes the price of the world's cocoa. No small amount is 600 lots, however, as one lot equals 30,000 pounds and 600 lots have a value of close to two million dollars. Last week, Cocoa Exchange transactions reached a day's high of 627 lots, breaking a record of three years' standing. A seat on the Cocoa Exchange was sold for $6,000, a rapid advance over the $300 at which charter memberships were priced in 1925. Thus had cocoa a large...
...points in two days and reached a quotation of $7,300 a share. As George F. Baker, board chairman of First National, is said to hold 20,000 shares (there are only 100,000 outstanding) the 1,200-point rise gave him a paper profit of 24 million dollars. Meanwhile shares in Chase, Equitable, and many another Manhattan bank also enjoyed sensational rises. The bull movement in bank stocks was based on the official ratification of the Guaranty Trust Co.-National Bank of Commerce merger (TIME, March 4) and the resultant activity of rumor-spreaders who busily reasserted and consolidated...