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...minutes later the news was on the wires. Ten minutes later in every stock and commodities exchange throughout the land prices were soaring upward. If the Justices believed that their upholding the Government would calm the economic world, they were mistaken. In every market there was turmoil-orders to buy, buy, buy and few or none to sell. Within 15 minutes the Chicago Board of Trade, the grain markets of St. Louis and Kansas City were closed to prevent a buying panic. The New Orleans' Cotton Exchange stayed open and the price of cotton jumped $1 a bale...

Author: /time Magazine | Title: SUPREME COURT: Great Moment | 2/25/1935 | See Source »

...Supreme Court's decision will not affect directly the value of the dollar. But prominent among the columns & columns of press speculation on an adverse decision was an opinion of some "departmental experts'' in Washington to the effect that the dollar might be revalued upward to its old gold content. That would mean a drop in the price of gold from...

Author: /time Magazine | Title: Business & Finance: Scare | 1/28/1935 | See Source »

Behind the blare of retail trade marched the solid indices of industry. Electric power output last week was 8% above the same week of 1933 and last fortnight touched a 200-week high. Steel production inched upward for the eighth consecutive week to 32.7% of capacity. That still meant losses for the industry but the price of scrap steel, a good key to steel's future, jumped to $13 per ton, up $3 from the autumn low. Building supply companies, aided by the Government's remodeling drive, reported sales up as much as 150%. American Telephone & Telegraph added...

Author: /time Magazine | Title: Business: State of Trade | 12/17/1934 | See Source »

...much of the current upward surge is due to the Government's truce with Business no man can say. Nevertheless, Dun & Bradstreet last week found the state of trade and sentiment so strong that they thought it foreshadowed a business revival "without parallel in modern commercial history for the abruptness of its rise and the intensity of its pursuance...

Author: /time Magazine | Title: Business: State of Trade | 12/17/1934 | See Source »

...sand, an entirely different substance, supports weight quite well when undisturbed, but when piles are driven into it the whole mass suddenly liquefies and the piles sink. Quicksand is thus merely the upward flow of water through sand. Dry sand acts even more strangely; when all the air is pumped out, it becomes as hard as rock. This fact explains why foundations set on deep piles are usually safe...

Author: NO WRITER ATTRIBUTED | Title: CASAGRANDE WORKING ON PROBLEM OF SOIL MECHANICS, REACTION | 11/30/1934 | See Source »

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