Word: tradings
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Dates: during 1930-1939
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...their loans when they let inventory run off. In order to keep purely financial transactions from unduly influencing the Index-which aims to reflect general business, not merely financial conditions-the turnover component for financial centres like New York and Chicago is kept separate from the turnover component for trade centres, and the two are later combined giving the turnover in trade centres, and much more weight than that for financial centres. In the chart they are shown separately.) In early 1939 the trend of turnover in trade centres followed a course roughly parallel to that of industrial production...
...Trade centre turnover and the Federal Reserve Board production index again moved roughly parallel during the next period in which business began to take hope of autumn improvement. But in August the two parted company for the rest of the year, for in that month the production index practically ceased rising; then the sudden impact of war sent it zooming skyward to a November peak (preliminary estimate: 125, well above its recovery high, just equaling its all-time 1929 peak...
...Trade centre turnover did virtually the reverse; prewar, in mid August it climbed to a peak slightly higher than in January. Threat of war sent it skidding. Then during the "war boom" in production, it fluctuated vigorously without making headway and did not equal its prewar peak till mid November-an indication that during this period the volume of transactions in these centres just about kept pace with proportional increase in inventories...
...such classics, the Sun's credo was set to music. The composer, NBC Conductor Rosario Bourdon, made a cantata out of it, with chords of booming brass, a soprano soloist and a male chorus, broadcast it (1932) with Soprano Jessica Dragonette. This year, for the Christmas trade, Jessica Dragonette made Is There a Santa Claus? immortal on a Victor phonograph record...
...Josephus Daniels speaks his long piece honestly and guilelessly in the scrawny indigenous jargon of his trade in his time, and his naivete serves to reveal truths subtler than he suspects. A man who can pay tribute to his wife as "the best helpmeet with which man was ever blessed," who can affectionately reprint his own editorials and funny stories, who can, in the Southern journalist's equivalent of Arthur Kober, refer to a "floundered" submarine, speaks from the photographic heart of what his time and environment have made him, and is incapable of going wrong. Even such...