Word: moneys
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Dates: during 1920-1929
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...Money Market. There is no argument but that a Federal Reserve rediscount rate of 5½% would be more in keeping with present credit conditions than the 5% rate now obtaining. Last week call money was at 8% to 12%, time loans at 7¾%, commercial paper at 5¾%, bankers' acceptances (60 days) at 3 3/8%. The Federal Reserve rediscount rate was at the very bottom of the money market, was lagging far behind the general trend toward higher and higher interest rates. Theoretically an index to prevailing conditions, the 5% rediscount rate was actually an exception to them. That...
...total of $5,647,000,000, not so far below the six billion total that prompted the Federal Reserve Board's February warning. The increase in loans was mostly from corporations, not from banks, and as long as corporations can lend out their surpluses at up to 12% call money rates, the banks generally maintain that there is no way of keeping money out of Wall St. Mr. Warburg's statement did not much annoy the speculators, who were inclined to take it as an admission that they controlled the situation, however deplorable such control might be from Mr. Warburg...
...later growth of the Buick Motor Car Co. and in the development of General Motors, he took no part. He left the company with a block of stock which would soon have made him an exceedingly rich man. But David Buick seemed to have no affinity for money. He could not make it himself and he was not content to let abler business men make...
...Buick went back to Detroit. He had no money. He was 69. Nobody had a job for him. Finally he became instructor in the Detroit School of Trades. As he grew more feeble...
...going to the hospital he said: "I'm not feeling sorry for myself or worrying about the past. I'm not accusing anyone of cheating me. It was the breaks of the game that I lost out in the company I founded. I'm looking forward to the future. Money means nothing?except to insure comforts for the future...