Word: suspendable
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Completion of the London Naval Treaty last week terminated President Hoover's ''gentleman's agreement" with Prime Minister MacDonald that Britain and the U. S. should suspend all naval building while the London Conference was in session...
Eight days after entering the White House, President Hoover announced a sweeping new policy for oil conservation on the public domain. Aware of petroleum overproduction, he ordered his Secretary of the Interior, Dr. Ray Lyman Wilbur, virtually to suspend the U. S. Leasing Act of 1920. Secretary Wilbur promptly executed the new policy by: 1) refusing to make new government oil leases; 2) rejecting most of the 20,000 applications for Federal permits to prospect for oil on the public domain; 3) revoking inactive permits already issued; 4) declining to receive any new permit applications...
Should either the London or New York stock exchanges suspend trading, every country in the world would be affected. In Japan it is different. The Tokyo Exchange has closed several times in periods of depression. It is customary for Japanese boards to suspend trading on any day when more than 200,000 shares are sold, because of lack of facilities. The stock exchange in Osaka kept open without incident last week, and since no U. S. stocks are traded on the Tokyo exchange, the chief U. S. reaction to Tokyo's closing was a drop of .6¢ in the value...
Because of "the uncertain status of American newspapers under present conditions in the Philippines," the Manila Times (U. S. daily founded in 1898), announced that it would soon suspend publication...
Shortly before the attempt on his life last week, President Irigoyen utterly nonplussed Argentine bankers and financiers generally by closing and locking Caja de Conversion (the Treasury exchange office where gold and silver may be had for Argentine paper money). Technically this order did not "suspend" gold payments, merely made them impossible. Ordinarily such a step would mean, at the very least, that Argentina was about to abandon the gold standard. Yet the gold coverage of Argentine currency issued by the Nacional Bank stood at 82% last week. Canny bankers discounted the President's amazing order as the latest greatest...