Word: loans
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Dates: during 1930-1939
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Although supplementary estimates for Britain's great rearmament scramble were issued only a few weeks ago, sensational further supplementary estimates were issued last week. These rocketed the 1936 rearmament bill to $940,000,000 with a further "rearmament loan" in prospect. To questions by nervous M. P.'s as to how quickly the Navy can act, Sir Samuel replied that very shortly the Admiralty will be able to announce that more than half its capital ships are being kept ready for immediate action...
...York. Nor was any explanation given last week when he left two other traditional Baker seats, U. S. Steel and Pullman. Reports were that Mr. Baker was in poor health. On his shoulders still rest directorships in General Motors Corp., Mutual Life Insurance Co. of New York, Provident Loan Society, American Museum of Natural History, New York Public Library. Like his father before him, Banker Baker would probably let only Death sever his connection with American Telephone & Telegraph...
...Manhattan, bankrupt Travel Institute of Bible Research, in part settlement of a $26,142 loan, assigned to Bernard Schaefer a plot of 830 square metres on Jerusalem's Mount of Olives, a motorboat on the Sea of Galilee...
...figure when he announced the terms of the Government's June financing a few days later. Upping the national debt to a new high ($32,750,000,000), Secretary Morgenthau offered $2,050,754,400 in new securities-largest Treasury operation since the 1919 Victory Liberty Loan. One-half represented exchange offers for obligations maturing in the next few months, the rest an offering for cash, largely to pay the Bonus. Reflecting the new popularity of long-term Governments, the cash offer was divided into $400,000,000 of ⅜five-year notes...
...interest rates have been a boon to financing companies, which borrow, chiefly from banks, a large part of the funds used to carry installment purchases of automobiles, radios, refrigerators, etc., etc. For this borrowed money the financing companies are now paying 1% or less. When they loan it to a time buyer, they get from 12% to 25%. That spread is by no means all clear profit, for installment paper means high overhead. Nevertheless, favored still further by a tremendous pickup in the volume of installment buying, financing companies are reporting record high earnings. Last month Commercial Investment Trust Corp...