Word: borrower
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Dates: during 1930-1939
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...workmen with currency, is customarily preceded by drawing a check to obtain the cash. Bank loans are not, of course, a direct measure of inventories [because they are also used for plant expansion, payrolls, etc.], but they are an excellent gauge of the trend of inventories, for businessmen customarily borrow when they lay in larger supplies of raw materials, customarily pay off their loans when they let inventory run off. In order to keep purely financial transactions from unduly influencing the Index-which aims to reflect general business, not merely financial conditions-the turnover component for financial centres like...
...Associated directly, but its good operating company, NY PA NJ Utilities Co. (Nypan), is trying to borrow money so that Associated can pay off an $8,589,-980 (8%) bond issue which is due March 15, 1940. Also overdue is $5,780,000 owed the U. S. Treasury by Associated as the balance of an $8,700,000 settlement of a $50,000,000 tax claim. Mange wants RFC to lend NY PA NJ enough to pay off the bonds, pay the taxes; he is also asking for another lump for construction, $26,500,000 in all. The catch...
...course, our musicians are by no means setting out on a new path when they borrow ideas from the music of the people. Art-music in all periods has taken many of its strong and lasting elements of form, rhythm, and melody from popular dances and songs. From the Paris motets of the thirteenth century to the music of our own generation we are indebted to the freshness and vitality of the dances of the people which have imparted new life to the works of serious musicians...
Foreign Orders. By week's end, war commodities were booming. The basis for this boom, as for better stock prices, was the calculation of the funds which foreign Governments have for purchases in the U. S. Belligerents who have defaulted on U. S. loans cannot borrow in the U. S. in ordinary ways, but the Export-Import Bank has funds that it can lend to exporters of U. S. products. Last week RFC announced it would be glad to help...
...before they need to borrow in the U. S. foreign purchasers can spend their existing U. S. credits. Last week Government estimates revealed that foreign investments (roughly 50% British, Canadian and French) amount to some $8,300,000,000. This includes $2,600,000,000 in bank deposits and short term credits; $4,000,000,000 in marketable securities; $1,700,000,000 in direct investments. By taking over the holdings of their nations, belligerent Governments will thus have over $4,000,000,000 for war purchases. In addition Britain is believed to have a gold reserve of approximately...