Word: mite
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Dates: during 1930-1939
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Last week total bank reserves were at an all-time high of $8,727,000,000, excess reserves only a mite below the 1935 peak of $3,300,000,000. For the first time in history banks are holding more cash than their total outstanding loans. In 1933 cash holdings were 48% of total loans; today they are 114%. This money, sitting idle, earning no return, has caused a drop in bank income from $556,514,000 for Federal Reserve members...
...Airman William E. Boeing's Porter's Mite: the $70,000 Belmont Futurity, world's richest race for two-year-old thoroughbreds; defeating George Widener's Eight Thirty by a nose; at Belmont Park...
...dictator trying to run things on a strictly authoritarian basis, the devastating technique of Popeye the Sailor-man in dealing with bulldozers is bound to be disturbing. Last week in Berlin Nazi censors decided Popeye's spinachy vigor was getting a mite too rich for Aryan blood, banned one of his latest cinema cartoons, Popeye's Parrot...
...business indices last week there was evidence of little but stagnation. Steel production rose from 33% to 35% of capacity, highest point since November. Car loadings rose a mite in expectation of the new rates. But lumber output was off 6% for the week, power production 2%, oil production 0.8%, soft coal 8%. Bank clearings were at a new low since 1934 but gold was pouring into the country at a rate which showed that the rest of the world still thinks the U. S. the safest place to cache its valuables. The stock market proceeded to slip from...
...when that captious fellow club-member implied that it was Gibbon who had ruined Rome. Ingenious as well as admiring, Biographer Low makes no attempt to turn ugly-duckling Gibbon into a swan: the greatness of The Decline and Fall is dramatized more effectively by contrast with the fussy mite of a man who wrote...