Word: bankes
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Dates: during 1920-1929
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Despite rumors of a further advance in the Reserve rediscount rate, money continued relatively easy. Call money fell below 5 per cent, while open market rates for paper and acceptances were unchanged. The ratio of the New York Reserve Bank rose from 80.6 per cent to 83.2 per cent, which fact, along with other related evidence, reveals a considerable flow to New York of funds from other American centers. Undoubtedly the recent activity on the speculative exchanges for cotton and securities in New York are largely responsible for this drawing of funds to the financial center. As a matter...
...verst below there I was sickened beyond endurance by the discovery of a grove of willows along the bank which had raked from the polluted stream and held in their finger-like drooping branches human bodies in all shapes and attitudes with a semblance of naturalness . . ." Perhaps the reason why the author makes no very numerous comments upon Bolshevism is that such scenes speak for themselves...
...Roberts, vice-president of the National City Bank, New York...
Money rates remain unchanged, even the variable call rate fluctuating closely around 5½%. The advance of the New York Federal Reserve rediscount rate last week to 4½% was reflected in the rise in the ratio of that bank from 79% to 80.6%. Bonds remained unsettled, and, though stable, seem to have reached a high level for their present movement. Public interest is plainly going over to stocks, and to appreciation in price rather than rate of interest return...
...recent Reserve report contained data which gives an excellent perspective upon present business conditions. According to statistics covering the Second Reserve District contained therein, since the " trough " of the recent depression to the pres-ent time production has gained 54%, employment 23%, wholesale trade 31%, retail trade 13% and bank loans 32%. Marked price advances have been seen in pig iron, copper, tin, lead, cotton, print cloth, raw sugar and even corn...