Word: tradings
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Dates: during 1920-1929
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Governor Morrow, in his recent announcement, pointed out that the great increase in Canal traffic was largely traceable to the oil trade which has sprung up between California and the Atlantic states since the decline of production in the Mexican oil region around Tampico. In addition to this there was a 10% increase in the amount of other cargoes which passed through the Canal. The month of May set a new high record for tolls collected, $1,972,216. Sixty per cent, of the vessels using the Canal were United States ships...
...capacity of Germany to pay reparations, and may have the backing of the U. S. Government. The main purpose of the conference will be to seek a solution of the Ruhr and reparations problems on a plane that will be acceptable to France and not injurious to European trade. It will also take into consideration the French demand for territorial security and will suggest Anglo-French participation in German industry; the whole, of course, being based on a speedy evacuation of the Ruhr by France-Belgium forces...
...Philip Snowden proposed a motion to suppress the capitalist system. It was defeated by 368 to 121 votes. The most important speech was that of Mr. Lloyd George, ex-Premier, who said that Britain, entirely dependent on foreign trade, would be the " worst country in the world to experiment with socialism." He informed the Government, however, that unless they removed existing evils due to the capitalist system they would force the laboring classes to undertake dangerous experiments such as the Labor Party advocated...
Robert S. Alter, of the American Tool Works, Cincinnati, was careful to add that every dollar's worth of trade would be backed by Russian gold...
...change in the discount rate of the Bank of England has always attracted world-wide attention because of its far-reaching effect on international trade through the international financial center at London. Upon July 5 the Bank's rate was moved up to 4% from the 3% rate which had been maintained since June 15, 1922. The change has brought the Bank of England's rate to within ½ of 1% of the 4½% rate now maintained by the New York Federal Reserve Bank...