Word: tradings
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Dates: during 1940-1949
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Thirdly, the 16 nations would cooperate more closely by reducing trade barriers, swapping manpower, planning for common sources of electric power, standardizing equipment, pooling freight cars. In other words, the Paris Plan contemplated an economically unified Europe...
...prospects for avoiding continued and increasing inflation and an eventual crash are not good. The present Congress has exhibited a shocking lack of knowledge of the basic needs of our own economy. Its actions in removing almost all economic controls, its drive to waken the trade unions, its failure to use the report of the President's Economic Advisory Council as a basis for constructive action are evidence of a philosophy that should have disappeared from Washington when Hoover left the White House in 1933. But that philosophy has returned, and so has Hoover...
...these jubilant words a Minnesota farmer greeted the news early last week that the price of September corn had reached $2.65½ a bu. on Chicago's Board of Trade, a new alltime high. Wheat at $2.80 was also close to a record price. But what he forgot was that prices bid up by speculators must come down-when the speculators get frightened...
...first "boo" came from J. M. Mehl, administrator of the Department of Agriculture's Commodity Exchange Authority. The Board of Trade's margin requirements, raised only the week before, were still too low, said Mehl. He asked that they be doubled in order to "lessen the danger of a boom-&-bust situation...
...Scare. The Chicago Mercantile Exchange was impressed. It raised margins on butter trading by 66%, on eggs 25%. Many a grain broker privately ordered his customers to post higher margins. But the grain-exchange officials took no heed of Mehl. Board of Trade President J. O. McClintock said firmly: "A margin fixed at an extreme limit is likely to throw . . . the market out of gear...