Word: pooling
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...been in the thick of cinematic mergers, deals and syndicates. Only a few months before his appointment, his fellow Commissioner. Ferdinand Pecora. had spread his name upon the record of the Senate Banking & Currency Committee as a member of a big and profitable pool that operated in alcohol stocks in the booming summer of 1933. But the President knew his man better than did anyone else in Washington...
When the august managers of the Canadian wheat pool take snuff, the whole world sneezes. Last week in seven major markets on three continents grain traders were confounded by the most extraordinary piece of news about the Dominion pool since it was started in 1924. The moment the news was known a dark storm of selling broke over the Chicago, Minneapolis and Kansas City markets, tumbling prices the limit of 5¢ in one day. In Liverpool, Rotterdam, Buenos Aires and Winnipeg, wheat also went down in confusion. Other commodities, notably corn and rye, slid off sharply. The news: After weathering...
...Pool Unplugged, Like Herbert Hoover's hapless Federal Farm Board, the Dominion Pool was created to solve a problem that looked simple, on paper. Since Canada produces about 400,000,000 bu. of wheat annually and consumes only 110,000,000 bu., all the pool had to do was to buy surplus wheat from Dominion farmers and, after a little good-humored waiting, sell it abroad at its own price. Trouble was that Canada does not control the wheat export market single handed. While the pool sat on its wheat waiting for the right price, European bread-eaters bought their...
Last week, therefore, the Dominion was prepared to tackle its wheat problem from a different angle. Passed by both houses of Parliament and approved by Governor-General the Earl of Bessborough was a bill whose provisions represented a complete policy somersault. The measure abolishes the present pool, substituting for it a three-man wheat board appointed by the Prime Minister. The Board is not to continue the present wheat price-peg (80¢) but has the power to fix a minimum price at which it will buy wheat from Dominion farmers. Since the minimum price may often be less than...
...Clement, Curtis & Co., Chicago brokers. Slender, scholarly, pipe-sucking, he inherited his eye for crops from his father who was editor & publisher of the Cincinnati Price Current. Forecaster Murray started with the Department of Agriculture, whose crop reporting section he headed from 1920 to 1923. The Canadian wheat pool is said to have considered Nat Murray's crop estimates better than the U. S. Government's. His record for accuracy is best illustrated by the fact that the average of. his final crop predictions over an eight year period matched the Government's final estimates almost to a bushel...