Word: outflows
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...American Petroleum Institute's voluntary nationwide agreement to hold down oil production, only to have the Department of Justice rule that such a scheme was possibly an anti-trust violation (TIME, April 22). His third proposal was a series of state treaties under the Constitution to limit the outflow of oil. Nine oil-state governors met at Colorado Springs to cold-shoulder this plan. Last week in California, Secretary Wilbur put fresh momentum into this major Hoover policy by pleading for voluntary intrastate agreements among the oil producers...
...those by the eastern carriers, would move each bushel out of the glutted midwest to Atlantic seaports at about 9 cents per bushel cheaper than at present. The Shipping Board was approached to establish emergency freight rates on wheat to European ports as an additional means of increasing the outflow from...
...Reichsbank raised the discount rate from 6 1-2 to 7 1-2 per cent yesterday, according to reports from Berlin. This is declared to be an attempt, belated say the French, to check the outflow of gold from Germany which has been going on with increasing strength since the bank rate was lowered from 7 to 6 1-2 per cent, in January...
...this is of particular moment to the world because the recent crisis in the activities of the Experts' Committee now meeting in Paris has been reflected in Germany in accelerated outflow of gold, and the adverse movement of the foreign exchanges...
...splendid Treasury." he said, to remind people why the Budget Bureau was established, "is not a bottomless, automatically replenishing fountain of fiscal supply, and its outflow must be eternally watched and carefully and wisely directed into proper channels...