Word: raws
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...will let banks have six-month money at 3%, provided they pass it on at 5% to NRA-ers. The 2% bank profit was expected to supply the necessary incentive. For collateral, R. F. C. will accept merchants' and manufacturers' notes on products, raw materials, plant equipment, any odds & ends not already mortgaged. The loans are to be used chiefly to finance higher payrolls until buying orders catch up with NRA wages. Such lendings will put R. F. C. into direct competition with the Federal Reserve system as a discount agency. Declared R. F. C. Chairman Jesse Jones...
...Geologists are now certain that Asia does not possess sufficient raw materials (iron & coal) to make possible a Western type of industrialization. Textiles and light industries will grow-but great steel plants can never grow up in Asia as in the U. S. ¶Population of Japan is now over 60,000,000, will be 90,000,000 in 30 years and then will probably stabilize. What to do? Birth control is not encouraged by the Government but neither is it discouraged. Contraceptives are widely advertised. But Japan bases her policy on the proposition that the world must make room...
...bales in 1900 to 500,000 bales in 1929, of which the U. S. took 73%. This was wealth to the Kata-kura brothers. In 1920 they recapitalized their company at 52,000,000 yen, gave it a more resounding name: Katakura Seishi Boseki Kabushiki Kaisha (Katakura Raw-Silk, Spun Silk Manufacturing Co. Ltd.). Today it is one of the largest and oldest silk reeling firms in the world. It is a huge producer of pedigreed silkworm eggs, has 28 silkworm moths each lay her eggs neatly in one of 28 squares on a card, sells 2,000,000 such...
...processing taxes and higher NRA wages they cannot continue manufacturing unless sales keep up-which they have not. Said the American Wool & Cotton Reporter last week: "Business is better. The mills are running well. But there hasn't been anything sold now for three weeks. The mills bought raw material to get in ahead of inflation, the garment manufacturers bought piece goods for the same reason, but neither are mills buying raw material now nor garment manufacturers piece goods...
With visions of fame and gold medals on his expanding chest one student took to shells and determined to be the hero of the regatta. Of course, there was a woman in it. With patience that would have given early Christians martyrs nervous breakdowns he retired at 10, ate raw beefsteak with much champing of teeth and eschewed cigarettes. Yes, he picked the most popular race and came in last in his qualifying heat...