Word: million
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Dates: during 1930-1939
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Gold Hoarders. Nervous Poles, who have hoarded U. S. banknotes, recently exchanged them by the million in unreasoning panic for Polish banknotes. Not exactly pleased with themselves, the Poles next took a tip from Frenchmen, began buying U. S. gold pieces. Last week this trend made Polish bankers simply wild...
...money to fair employers, withholding it from concerns which favored the open shop. If Capital had to be fought, it would be fought with Capitalistic weapons. First labor organization to founder in this foreign field was the Brotherhood of Locomotive Engineers which sank $20,000,000 of its hundred-million resources in Florida's swamps in 1926. Total resources of the 22 Labor banks showed a decrease even in the boom years...
...meeting that night (see p. 9). The President needed assurance of political as well as banking co-operation before he told the country his plan. When he secured this shortly after midnight Tuesday, the National Credit Corp. had assumed definite form and the public was appraised of a 500-million-dollar fund (later enlarged to a billion) to function as a stepping stone between the slough of the ordinary bank and the lofty security of the Federal Reserve. National Credit Corp. was quickly formed under the laws of Delaware with a capital structure of twelve shares of $100 par value...
...against 742,628 the week prior. A seasonal rise would have been usual, so adjusted indices of carloadings last week fell again, reached new lows. Complete August operating figures for 171 Class I roads last week showed net operating income (before bond interest) for the eight months of 350 million dollars against 556 millions in the same period last year. This was a 2.14% rate of return on book value. The decline in gross operating revenues was 19% and in operating expenses 17.1%. August alone showed a book value return of only 1.90% against 3.33% in August...
National was unquoted although its average price is $17,000 a share. San Francisco Bank carried bank buildings & lots, other real estate and pension funds at $1 each although their actual values are one million times $3. Mellon National Bank pays an annual dividend of $200 plus a "Christmas bonus" of $6 a share...