Word: loan
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Dates: during 1920-1929
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Church bond issues are fairly common. Wall Street knows well the 1st mortgage issue of the Holy Sisters of the Precious Blood. The New York market has recently distributed a Roman Catholic Church in Bavaria loan ($5,000,000), a Roman Catholic Welfare Institution in Germany issue ($3,000,000), and a Protestant Church in Germany Welfare Institutions issue ($2,500,000). The two last named bond issues were offered to the public within a few days of each other, both by Protestant bankers. The house selling the Catholic bonds published in its formal advertisement that 36% of the inhabitants...
...made so that this increase in tuition may not bear too heavily on needy and able students. All scholarships and fellowships under the control of the University, when assigned to men subject to the new fee, will be increased by $100; and substantial additions will be made to the loan funds of Harvard College and the Graduate School of Arts and Sciences...
...largest piece of foreign financing in immediate prospect is another Australian Government loan, for a sum not yet announced by J. P. Morgan & Co., Australia's bankers, but reported to be between $50,000,000 and $75,000,000. The bonds, which will be the eleventh Australian issue brought out in the U. S. market, will bear 5% interest and will be sold in the neighborhood...
Third, for the Australian Government: Australia has the advantage of competition for her issues between the two great money markets of the world, which mean better terms of loan and the goodwill of two great nations of investors...
...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...