Word: nip
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Dates: during 1950-1959
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...highest level (3%) since 1933 only last fortnight. (Conversely, by lowering the discount rate, as Martin did in the 1954 recession, the FRB makes it less expensive to borrow money.) ¶ An even faster-acting weapon is the FRB's $23 billion portfolio of marketable Treasury securities. To nip expanding credit, the FRB sells securities through its Open Market Committee at competitive prices, thus sucks in funds from bank reserves. Since banks can lend up to $6 for every $1 in reserve, every dollar paid for these Treasury securities actually can mop up as much as $6 in potential...
...York City's popular Mayor Robert Wagner, who, at week's end, had no real opposition. On the Republican side, the leading contender is G.O.P. Attorney General Jacob Javits, 52, the only Republican to win a statewide office in 1954. New York's November outlook: nip, tuck, and rough...
...Take It With You. In Milwaukee, 54-year-old Walter Estes broke into a bar, leaving the rear window open for a getaway, took $864 from the storeroom, paused for a nip, was found next morning fast asleep on the barroom floor...
...valuable U.S. farm crop. Since the first of the year, Europe's freeze, which ruined the olive-oil crop, has sent the oily soy soaring nearly $1 a bushel to the season's high of $3.42 per bushel. While other farm commodities did poorly, the soy did nip-ups for happy speculators: exports from Oct. 1 to March 31 rose nearly 1,000%, compared with the same period a year ago, while domestic producers crushed the beans at a record rate for oils and livestock meal. A trader who put up $180 at Christmas...
...relay team turned in its best performance of the year to set a Harvard record of 3:25.4 and finish third behind Yale (3:23.1) and Ohio State (3:24.5). A 49.9 final leg by Ohio State's Al Wiggins just managed to nip the Crimson for second place...