Word: tighter
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Dates: during 1950-1959
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...that time the big seasonal demand will have ended too. Even more important, the Treasury is planning a sharp reduction in its issues in the first half of 1960, may thus help to ease credit or at least prevent it from becoming tighter. The Federal Reserve would like to keep its present discount rate of 4% in effect even after a settlement, looks for interest rates to stay steady. Bankers do not expect a hike in the prime rate of 5% for some time, think that if it comes at all, it will be small...
Hunting for some other way out, the surplus-surfeited corn belt shifted its sentiment toward tighter controls. The Illinois Farm Bureau, biggest in the nation, voted for an unprecedented plan of compulsory acreage retirement, a sort of unsubsidized soil bank, plus a subsidy-in-kind scheme that would hand out Government-owned surplus grain to farmers who grow even less than their allowances. Iowa farmers leaned in the same general direction, set the stage for a rough-and-tumble battle at the American Farm Bureau convention in Chicago next week. Though none of the farm organizations brought forth really promising...
Master Taylor said his local situation was "tighter than in several years" with Kirkland House absolutely full and every expected student back. He said he had taken over three spare spaces, but still had seven additional students without proper accommodation...
...boom is triggering a burst in spending for heavy construction. The F. W. Dodge Corp. reported that construction-contract awards in 1959's first seven months jumped 11% to $22.5 billion. The new lift in heavy construction comes at an opportune time, just as builders are warning that tighter mortgage money may slow the pace of home starts, now a near record 1.300,000 a year. Overall construction is moving 12% ahead of last year, at an annual rate of $55 billion; builders expect it to rise to at least $57 billion in 1960. Says Chairman Melvin H. Baker...
...many a businessman who embarks on plant expansion or modernization is discovering that it is harder to get the money he needs to do it-and the money costs him more. As the economy boomed, the supply of money over the past few months has got steadily tighter. For how and why this happened, and what it means to the economy, see BUSINESS ESSAY, Tighter Money...