Word: marketings
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Dates: during 1950-1950
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Federal Reserve did not stop there. Last week its Open Market Committee lowered the price at which it would support certain classes of Government securities-thus, in effect, raising the interest rate on them. As investors hustled to sell Government securities and switch over to the better-paying issues, the market was rocked by a record wave of selling. Investors dumped $1.4 billion of maturing bonds and certificates, bought up $1.2 billion of Federal Reserve-held securities offering higher returns...
...purchases. Furthermore, CCC cannot unload the surpluses on its biggest potential customer, the armed services. Reason: CCC by law adds a carrying charge to its selling price, and in some cases the total exceeds current wholesale prices. Result: the services are buying such items as butter in the open market, although CCC has 190 million Ibs. in its deep freeze...
...help sell the Street, Schram stumped the U.S. His plain, corn-fed manner convinced many a U.S. citizen that the stock market was a good place to invest money. Schram campaigned to cut the tax on odd-lot transactions (mainly for the benefit of small investors), helped persuade Congress to write a more liberal capital-gains...
...stiff bidding was that this year's crop is expected to be 37% smaller than last year's, and the smallest on record. On top of that, the armed services, which bought up some 30% of the brooms manufactured in World War II, were back in the market again. For housewives this meant about 40% fewer corn brooms next year and 10-to-30% higher prices...
...when he first saw Wilson, and was soon as fervent a disciple as any other liberal of his years. To make a living, Mark had to sacrifice progressive principles for profiteer practice. He suffered liberally, but lived royally by his ability to second-guess the stock market. He also discovered that helping people didn't pay. For trying to save a ship which went down, he got only abuse...