Word: borrowers
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Dates: during 1950-1959
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...warns him: "And if you lose that money, boy, don't you come back at all." He doesn't lose it; bigger boys of his own gang take it away from him. The rest of The Long Night tells how Steely tries to beg, borrow or steal $27. No one will let him work for it. The Harlem fancy man for whom he has done odd jobs offers a single dollar. In desperation Steely snatches a woman's purse only to wind up with $2. When he steals a bicycle, planning to sell...
What was worse than the high cost of the Treasury's latest borrowing was the fact that Secretary Anderson did not issue any bonds. He thought the market was too shaky to sell them at a reasonable price. By selling only short-term securities, he is bound to ease credit at a time when the Federal Reserve Board is trying to tighten it. Normally, most of the short-term securities sold by the Treasury are bought by commercial banks that, in turn, can use them as collateral to borrow from the Federal Reserve to make additional loans, thus increase...
...fuss about Brazil's so-called inflation? If they can sell only 260,000 bags of surplus coffee for an "unexpected $15 billion" [Aug. 15], perhaps the U.S. can borrow from Brazil...
...next ten months by which Anderson must raise new cash, and refinance some $46 billion in maturing securities. With private investors scared out of the bond market, the Treasury is counting heavily on commercial banks to buy its future issues. Since the banks can turn right around and borrow from the FRB on the bonds, this will also add to the credit supply, forcing the FRB to increase its efforts to check credit...
GOLD FUTURES TRADING is growing brisk for first time in U.S. as some speculators bet that gold price will be boosted from $35 per oz. U.S. traders buy 90-day gold futures from British and Swiss, pay 2% premium. British and Swiss sell short, i.e., borrow gold to sell to U.S. traders, because they figure chances of price rise are dim. Trading volume runs close to $1,000,000 a week...