Word: pound
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Dates: during 1930-1939
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Meanwhile the job of finding a common ground for U. S.-British currency discussions had been turned over to a staff of experts. The question: should the pound be stabilized around $3.50 as the British experts suggested or around $4 as the U. S. experts urged? Out of some such agreement might come a return to a reduced gold standard by both countries. The experts later discussed their findings with President & Premier, who then announced in a joint statement that they had "reviewed the substance of their discussions with deep satisfaction," that definite agreements must await the World Conference itself...
Answer3. Complete demoralization of currency, the spectre of post-War Germany, the nightmare of roast beef selling at $5,000,000 a pound, is still too far away for intelligent discussion...
Last week when he looked at the paper Mr. Davis' heart must have stopped in its beat, for the inflation boom had boosted rubber above 4? a pound - from 3½? a week before, from less than 3? a few weeks ago. U. S. Rubber has 100,000 acres of rubber plantations in the Dutch East Indies and Malaya. From millions of trees it collects the milk which it turns into 50,000,000 lb. of rubber a year. A cent-a-pound increase puts $500,000 a year in his company's pocket. What is more...
...Great Western made in 1924, but infinitely large compared to its $1,000,000 loss in 1931. Last year's profit was largely made by scaling down prices paid for beets. Last week boosted the price of raw sugar (duty paid) to 3 3/10? a pound compared to less than 2¾? in February. If his company can make an extra ½? a pound on its annual output of about one billion pounds it will make an extra $5,000,000 profit.* Rubber, sugar, silk, copper, silver, wheat, corn, coffee, meat, hides, wool, cotton, cocoa-each...
...gilded Parisian palace, envoy extraordinary and Minister Plenipotentiary of Bolivia to France, with a daughter married to a Spanish marquis and a son married to a Bourbon princess, master in his own right of 15% of the world's tin resources. A rise of 4? a pound in tin, a rise which took place last week, put some $2,000,000 a year into his pocket. The only person in the world who can vie with him is good Queen Wilhelmina of Holland who controls the Dutch tin industry, producer of 20% of the world...