Word: ten-point
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When Gene Talmadge announced for the Senate last July 4 he put forward a ten-point platform which included abolition of tax-exempt Government bonds, a Federal budget of less than $1,000,000,000 per year, 2^ postage and abolition of the Federal income tax. But beyond any such fantastic reforms, beyond his abuse of Richard B. Russell Jr. and the New Deal, Candidate Talmadge stressed in his speeches, his broadsides and his weekly sheet The Statesman ("Editor: The People; Associate Editor: Eugene Talmadge") the impressive and incontrovertible fact of his Governorship: TALMADGE KEPT HIS PROMISES...
Last week after a ten-point decline and subsequent rise the industrial averages were again at 147. And again Governor Eccles spoke, this time not in person but through the Federal Reserve Board, not by word but by action. Without warning, the Reserve Board boosted margin requirements from a maximum of 45% to 55%. Applying only to new purchases, not to securities already in an account, the new rule is effective...
...gave the bears temporary possession of the ball. We do not believe that the downward movement has spent is force and would defer purchases until prices approach the 90 to 91 level, despite the probability of a moderate raliy. From the technical aspect the market is preparing for a ten-point movement from a mean level at 94, with its direction at the moment somewhat obscure the rails hold distinct possibilities if picked up on further reactions as do Johns Manville and American Radiator among the industrials...
Vice President John Nance Garner returned to Uvalde, Tex. from a hunting trip with a ten-point buck...
...Plans-&-Suggestions men offered a ten-point program containing such sick old phrases as: "Resumption of Work," "WhiteCollar Relief," "Public Works," "Community Surveys," "Further Credit Relief." They urged citizens to take a "sporting chance" and begin again "our normal purchase of the necessities and comforts of life." Chairman of the committee is Board Chairman Harry A. Wheeler of Chicago's First National Bank. Members who signed the report included President Daniel Willard of Baltimore & Ohio Railroad, President William Green of the American Federation of Labor, President Matthew Scott Sloan of New York Edison Co., President Alexander Legge of International...