Word: borrowers
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...many men stubbornly believe that stock prices are too high for the underlying business of the companies which they represent and that just as many, but slightly more stubborn, men believe that stock prices are not unreasonably high. For both types of traders there has been ample money to borrow at reasonable rates of interest for backing up their market beliefs. Business has not been asking much money from bankers; bankers (required to make profits) have been lending money to stock traders...
...reason why the Bancitaly Corp., with earnings of $30,000,000 last year, has just now declared a quarterly dividend of only 56¢ on its stock. The dividend might have been many times that sum. But paternal Mr. Giannini wants to make it "difficult for speculators to borrow money on his stocks...
...General Motors spurt, the market's opening was one without parallel in the memory of the oldest ticker-tape scanner in the field district. It had been rumored that there was a corner-in Radio Corporation of America, that desperate shorts who sold 350,000 shares could not borrow any stocks with which to make delivery to the purchasers at 2:15 P.M. Every craning neck in customers' rooms, every visitor in the packed galleries of the Stock Exchange, knew that General Electric Co., Westinghouse Electric Co., National Bank of Pittsburgh and the famed Fisher Brothers of Detroit...
...raised their re-discount rates from 3½% to 4%. The Chicago and Richmond banks had done the same the previous week. One effect of the rate changes forecast by financial commentators was that stock market quotations would fall sharply because market operators would find money too expensive to borrow. That did not happen appreciably last week. Another prognostication was that banks would make greater efforts than in the past few months to loan money to commercial and industrial organizations. Nor did that develop noticeably last week...
Retiring-Commodore Hartley did not go into the cotton business after all, instead he accepted a post as "chief operating officer" of the Transoceanic Corp., an organization which hopes to borrow money from the Shipping Board to build six fast liners and inaugurate a four-day trans-atlantic service to Europe. Said Chief Operating Officer Hartley: "I thank God for this opportunity ... to put our country back on the high seas...