Word: dumps
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...lower than usual and the stock was quoted at $1.87, he decided to sell. In order to escape paying the $5 commission on an odd-lot transaction he wrote to Pumper Whitney, asked him to handle the sale. He explained that the public spirited Guild was reluctant to dump its holdings upon the open market. Gravely Mr. Whitney replied that a ¼point advantage would be gained by selling on the London Exchange. Shafer agreed, pointed out that since Pumper Whitney was soon going abroad he could easily act as the Guild's agent. Mr. Whitney was sorry...
...Government lives on borrowed money. This method of national finance cannot go on. If the Treasury tried to push its borrowings too far, without retrenchments, the world at large might become apprehensive of its financial condition. There would arise the spectre of default, even though remote. Foreign investors would dump their dollar securities. Gold would flow out of the country. Even to its own citizens the Government would be financially suspect. This would become evident in a fall in the market value of all Government bonds. Other bonds, already at low prices, would fall even further. Then would come...
...Thirty years." Observed Shaw: "Then you soon will drive as well as I." Last week Driver Shaw drove a rented automobile into a ditch, jolting himself severely and injuring his wife's wrist. Meanwhile he heard from London that his ten-year-old fight to have a garbage dump removed from the vicinity of his Hertfordshire home had finally succeeded...
...rediscount privilege.? Not one nickel will the Reserve lend on the best industrial bonds, on prime stocks or on A-1 real estate mortgages. In its effort to keep liquid to meet depositors' demands, a bank which has exhausted all its assets eligible for Reserve borrowing must dump its other securities on the market to raise more cash. This dumping deflates values all the more, scares the public, increases the popular demand for ready cash. Bank after bank has failed only for examiners to discover that while it was short of cash and rediscountable paper it had plenty...
...before," said gloomy J. de Fesche of the Société Céramique last week. "in the history of the Dutch ceramic industry was the situation as catastrophic as now." Other Dutch potters sadly nodded their heads. The fall of the pound has enabled British potmakers to dump their receptacles in Holland...