Word: margining
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...double reserve requirements which would nearly wipe out the current reserve surplus of $2,800,000,000 -base for ten times that amount of credit. Present excess reserves could also be sterilized if the Federal Reserve banks sold all their Government bonds. And the Federal Reserve may boost stockmarket margin requirements to 100%-cash trading...
Prior to last year, the number of hopeful medicos among the yearlings always exceeded embryonic barristers by a considerable margin but among the members of the Class of '38 law gained many disciples and displaced the former title holder by 11 votes. Education and business maintained their positions of third and fourth place respectively...
More mysterious has been the abrupt decline of the Giants, who did exactly the same thing last year. Betting Commissioner Jack Doyle supplied a shrewd diagnosis: the Giants with brilliant pitchers, good fielding but no remarkable batting power, rarely win or lose by a large margin and four months of close games wear them out before the season is over. The Cubs, almost ignored in pre-season pennant predictions, were last week still scorned by the Cardinals and the Giants. Meanwhile a Cub pitcher named Bill Lee took first place in the League pitching averages with 15 victories, 5 defeats...
...bill designed to enlarge, improve and advance the powers of Tennessee Valley Authority. The Senate passed the measure last May. The House Military Affairs Committee, having heard many grievous charges against TVA by Comptroller General McCarl (TIME, June 3), first tabled the bill, then by a slim margin reported it out in a revised version. As they came before the House, these TVAmendments, instead of enlarging, considerably restricted TVAuthority...
...half games ahead of the Detroit Tigers, who, similarly placed a year ago, won the 1934 pennant comfortably. Said Detroit's aggressive Manager Mickey Cochrane, after his team had just won ten games in a row: "I believe we will win the pennant by a wider margin than we did last year. ..." Far less confident was Manager Walter Johnson of the Cleveland Indians who, picked by most experts to win the pennant, were floundering in fourth place. Said he: "Trosky has been a terrible disappointment. So has Hale. But I think my greatest agony is Pearson. . . ." The Chicago White...