Word: pegged
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...with orders last week running 20% less than for the same week last year. And commodity prices were down-winter wheat from a 1937 high of $1.29 to $1.02 a bu.; corn from $1.16 to 97? a bu.; cotton from nearly 14? to just above 9? a Ib.-the peg set by the Government's new cotton loan policy...
...Congress for crop control legislation and had failed to get it. Now, with a bumper crop threatening to depress cotton prices, Southern Congressmen wanted him to use Commodity Credit Corporation's $135,000,000 kitty to grant farmers loans of 10? a lb. on their cotton and to peg the price at 12? a lb. Only assurance that such loans would be repaid lay, according to the President, in legislation to limit next year's crop. Before granting them he wanted as assurance the equivalent of a "banker's acceptance," presumably a guarantee that Congress will pass...
Owners of those ears had already discovered that the only man who could very well do something was Franklin Roosevelt. In his Commodity Credit Corporation's purse he had $135,000,000 with which he could peg the price of cotton at 10? or 9?. Long ago Congress had turned over control of that purse to the Executive Department. Cotton-conscious Congressmen squirmed and realized that they were the very ones who had stood or tried to stand in the way of Franklin Roosevelt's pet Wages & Hours and Housing Bills...
Worrier. No other actor in Hollywood worries so much about his work as Paul Muni. He believes that in order to give a fine performance he must hypnotize himself into the mood of the role. On the set he does not laugh or tell stories or play mumblety-peg, as other actors do to while away the intervals of their work. He sits apart brooding. Before taking a role he studies all the research which the writers used in preparing the script. Once he went to a Warner Brothers producer and complained: "I don't understand this role...
...dropping its gold buying price. Having about $11,700,000,000 worth of gold, one-half the world's supply, the U. S. cannot use the metal it already possesses. Yet the U. S. is virtually supporting the gold market singlehanded. Only recently, realizing that a lone peg for the world's gold price was not precisely an inspiration for international confidence, have Britain and The Netherlands resumed buying the metal...