Word: profitable
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...modest inaugural" began to take form. The inaugural ball Mr. Coolidge had already vetoed. Last week a curtailed parade was agreed upon. It is probable that if the President had consulted his own wishes alone, there would have been no parade. But Washington merchants, who find great profit in the inauguration ceremonies, pressed very earnestly for more display. A compromise resulted...
Well-defined lulls of profit-taking came, but still the booming reawoke...
...contracts. In October, the latter amounted to $410,000,000, which is 19% over the preceding September, and 14% over October, 1923. Rentals here in general held up fairly well. The landlord must, however, learn one important economic truism. He may hold up high prices for a while, without profit or at a loss to himself. But high prices encourage production, which sooner or later produces an unusable surplus, which in turn reduces prices again. The longer artificially high prices are sustained, the harder will be the eventual smash...
...subscription their allotments had been reduced so that they would not have enough to deliver to their customers, were compelled to buy those which they needed on the Exchange. On the other hand, a few speculators bought bonds, not intending to keep them, but to sell out at a profit as soon as possible. As a result of the dealers' demand, prices for bonds on the Exchange at once went to a premium over the subscription price of 92; indeed, at one time they sold over 95. Such a premium on bonds just floated is rare, and indicates better...
...matter of cash contributions to the temple, the priests also derived a large profit, Professor Lake declared. Both Roman and Jewish money was in circulation in Jerusalem at the time. The Jewish money was very scarce, but the priests decreed that all contributions to the church should be made in that medium. As a result, the worshippers came to the temple with their Roman money, exchanged it at money lenders' tables for Jewish money on payment of a regular...