Word: zeros
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Dates: during 1930-1939
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Grand Result: a vast accumulation of investable resources in banks and in the hands of the public. Months ago they began to put their funds heavily into short-term government securities until interest rates fell to virtual zero. Last week investors wishing to buy one-year Treasury notes could not get a yield over 3/100 of 1%. For better profits banks and other customary short-term investors turned to long-term Government bonds. Prices of U. S. bonds had climbed gradually for months. Last week saw the movement go to a new high mark...
...first expedition, which had as its goal the Forbidden City of Lhasa, started in 1896. Over 16,000-ft. mountain passes, in bitter sub-zero weather, he led his dwindling caravan where no white men had ever been before; for 55 days they saw no other human being. Not since 1846, when French Missionaries Hue and Gabet had gone there in disguise, had a European entered Lhasa. On the last stretch Hedin cut down his party to three men. But word of their coming had reached the Tibetan Governor, Kamba Bombo, who politely but firmly about-faced them. Explorer Hedin...
...full faith and credit." Though they dropped to new lows for the year last week, Dawes & Young bonds were far from going to zero. Dawes 75, once worth 109? on the gold dollar, closed the week at 53? on the paper dollar. Young 5½s which have brought 91 were bringing 37 paper. Dawes bonds are worth more than Young bonds because they are backed by German customs and liquor revenues, tobacco, beer and sugar taxes. Meanwhile the Reichsbank, despite fresh batches of predictions from Berlin, Paris and London that the mark must now go off gold, maintained...
...zero hour 150,000 words of controversy were dumped upon the public. Vitriolic bomb shells of recrimination burst in the camps of Johnson and Darrow while Sinclair's trench mortar added to the loud discord. By and large the U. S. took the bombardment without flinching...
Last week, after nearly three months of zero-zero political weather, the fog lifted and U. S. airlines got back the mail. Satisfied that the major companies had reorganized "in good faith," Postmaster General Farley awarded temporary contracts to low bidders on 15 of the 21 routes recently advertised by his Post Office Department...