Word: prices
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Dates: during 1930-1939
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...bales in loan stocks the Government had lent farmers an average 8.3? a pound. Since cotton was last week selling at about the current loan rate of 8.3?, it was obvious that the loan was pegging the price. It was also clear the farmers could not get their cotton out of hock. Let the Government make them a nominal payment of $1.25 a bale (about ¼? a pound) and take clear title...
...Government would then own outright loan stocks which cost it about 8.5? a pound. At that price, the world market would not absorb it. In order to sell it, let the Government offer its cotton to exporters at about 8.5?, pay them a bounty of from 2? to 3? a pound for as much as they can sell abroad. Result: exporters could sell cotton abroad at about 6½? and turn a profit...
...unduly disturbed was the President when the Senate suddenly took its own head and passed the Bankhead plan, upping the price the farmers would have to pay from 3? to 5? a pound and limiting sales to 2,000,000 bales. For with the help of House Agricultural Chairman Marvin Jones, and with time working against the Bankhead plan because planting had already started, he counted on it dying an early death in the House. Meantime, the Department of Agriculture already had $5,000,000 available to put the Roosevelt plan into operation...
...German news photography has made him one of his country's richest men. He sells more than a million Hitler portraits a year. His Hitler pictures range from miniatures to 8-by-12-foot posters which sell for 1,050 marks ($420). For ordinary newspictures his standard price to German publications is 20 to 25 marks, but U. S. rights to a particularly fetching photograph of der schöne Adolf sometimes bring as much as $250. Bildberichterstatter Hoffmann is not the only gainer by his deal with his great & good friend: Adolf Hitler well knows that the least...
Under the 1934 Silver-Purchase Law. designed ostensibly to broaden the monetary base, the U. S. Treasury has spent nearly $1,000,000,000 buying silver at the pegged prices (now 64? an ounce for domestic silver, 43? for foreign silver), a substantial subsidy which has stimulated silver production the world around, driven China off the silver standard. Author Leavens speculates on what would have happened if this law had never passed, concludes that silver miners would have had a hard time, that the price would have fallen sharply, but that eventually a new and satisfactory equilibrium would have been...