Word: tradings
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Dates: during 1920-1929
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...Trade of the Spanish Empire," Professor Haring, Harvard...
...Trade of the Spanish Empire," Professor Haring, Harvard...
...bank with documents showing that he has shipped the goods and that he will be paid a certain sum on a certain date. If his commercial credit is good and if the credit of the buyer is good, the bank will discount his "paper." Such "paper" is a "trade acceptance." U. S. banks at present have between $800,000,000 and $900,000,000 worth of trade acceptances representing domestic commercial transactions. They have even more-$975,000,000-representing international business, i. e., U.S. imports & exports. If the bank needs ready cash and if it is a member...
...involving the same goods should be in effect merely an extension of an already existing credit. Thus, if one acceptance is issued to finance the shipment of goods to a foreign country and a second acceptance is issued to finance the distribution of such goods into the channels of trade, the proceeds of the second acceptance should be used to retire the first acceptance...
...Members of the Chicago Board of Trade (grain marketing) last week voted to erect a $10,000,000 building of 40 stories. One member sold his seat last week for $10,000, highest sale price since 1919. That year seats were worth $11,100. ¶Again, a buyer for a New York Curb Exchange seat paid a new record price, $65,000. Trader William A. Scott bought it last week. A fortnight ago the record was $45,000 (TIME...