Word: surpluses
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...current fiscal year (July 1924 to June 1925), receipts have exceeded budgetary estimates by 679,000,000 lire, but a deficit was shown of 183,000,000 lire against 700,000,000 lire for the corresponding period of 1923. The budget for 1925-26 is expected to produce a surplus of 198,000,000 lire...
...finding a permanent solution for the problems of overproduction may well become ridiculous within the course of a decade or two, for the reason that there will be no problems of overproduction. Even a bumper wheat crop, such as that of the present year, will no longer supply a surplus for export in 25 to 35 years at the present rate of population increase in this country Already per capita crop production is 5% less than in the five years before the War. Meantime, the need of Europe for imported grain will increase, unless her population growth comes...
...money, it is true, has hardened up somewhat; but the disparity between long term investments and short term loans in yield is still too great for the "creeping bull market" on the Stock Exchange to halt sharply as yet. Moreover, industrial recovery, while genuine, is nevertheless slow because of surplus productive facilities. In 1922-23 and again in 1923-24, the business cycle was an annual affair, and quickly completed. But the cycle dating from last August in its secondary phase is very evidently an affair of larger proportions...
Thus far, only an infinitesimal part of America's huge gold hoard has been drawn abroad. It is by no means certain that the movement will long continue ; even if it should, it would take a long time to drain away the huge gold surplus now in the country...
...pitch myself out of it. ... I have done nothing for the last six months but worry over the stockmarket action of our securities. I had an eye glued to the tape most of the time and missed many a good night's sleep. I am through with this forever. . . . Surplus earnings from now on are go- ing to be ploughed back into the company...