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...cost of making the loan, plus the risk, that fixes the rate. Evidence of this is seen in a comparison of Beneficial Industrial Loan Corp. and Household Finance Corp. Beneficial handles mostly small loans (down to $10), charges 3??% a month. Household handles no loan smaller than $100, charges 2½% a month. Household openly advertises: ". . . Any licensee who makes loans of less than $100 and a certain class of loans in larger amounts is, in our opinion, entitled to and is justified in charging the maximum rate of 3??%. a month. We could not afford to make loans of less...
...3???Philadelphia Orchestra...
...postal business to find ways & means of increasing postal revenue (TIME, Dec. 9). Last week "General" Brown concluded that only by upping the first class postage rate from 2¢ per oz. to 2½¢ could his department be put on a paying basis. Not since 1919 when the 3?? war rate was abolished have U. S. citizens paid more than 2¢ per letter. The Postmaster General prepared to recommend to Congress legislation for this rate increase...
...Ridders opened with a circulation war, cut the Press-Guardian from 3?? to 2¢, announced a home delivery for 12¢ a week instead of 20¢. Newsdealers protested. The Evening News fought, was supported by its morning neighbor, the Call. The News printed a story stating that Newsdealers Protective Association had met to protest against the Ridders' business methods. The Ridders sued Publisher Haines for libel, asked...
Depending so much upon Market psychology, both Shenandoah and Blue Ridge were among the most conspicuous sufferers when the impression that all was well was succeeded by the conviction that everything was terrible. Blue Ridge went from a high of 29? to 3??; Shenandoah from 39?; to 6?. In December the two companies were benefited by artificial respiration: Blue Ridge was permitted to buy a large block of Central States Electric at a price considerably below the market and Shenandoah was permitted to purchase, for retirement, 765,200 shares of its own preferred at a similar bargain figure. The Central...