Word: rate
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...your June 25 issue an article on page 20 deals with the wreck of an express train near Nuremberg, Germany, in connection with the application of the German National Railway Company for an increase of rates. . . . Your article implies that the Nuremberg accident was due to poor condition of the railroad caused by lack of money and that a rate increase would remedy this situation. . . . I have before me the 1927 annual report of the German National Railway Company and find that the number of accidents in 1927, measured by traffic volume, was lower than under the excellent...
...sidled back to the corner of Broad and Wall streets, Manhattan, to see if the absorbing Stock Exchange was once more safe for speculation. They watched, guessed, dabbled. The market was quiet, neither bullish nor bearish. Puzzled, the traders waited for more convincing results of the new 5% rediscount rate, wondered if the battle of the bulls and bankers were in progress, already ended, or just beginning...
...compelling was the prestige of cosmopolitan Gov. Strong that it seemed almost presumptuous when Chicago bankers ventured, last fall, to' challenge the wisdom of his international money-juggling. If wise Gov. Strong, fresh from a meeting of master minds, thought Chicago should reduce its rediscount rate from 4 to 3½% to aid his European comrades in finance, only bad manners or sheer contrariness could explain Chicago's dissent. Gov. Strong was cast for the hero's role in the drama of U. S. money. Obviously, all that remained for Chicago was to be the juvenile...
...Manhattan supporters noted with alarm that Chicago was showing distinct signs of insubordination, was even pretending to take the lead in the intricate business of money-juggling. Boldly, the Chicago Reserve Bank recalled its warnings of last fall, pointed to diminishing credit reserves and wild speculation, jumped its rediscount rate to 5% (TIME, July 23). Manhattan, accustomed to lead, was forced to follow. Chicago's press openly flayed the absent Gov. Strong; screechingly demanded his resignation...
...scribe pictured, in the Wall Street Journal, the delicious prosperity which would accrue to the Illinois Central should all its air rights on the riverfront be leased upon the same valuation, not yet announced but estimated as approximately $8,000,000 or $45 for a square foot. At this rate, all the 2,800,000 square feet on which the Illinois Central controls the air rights would produce an annual 5% rental of $6,300,000 or a revenue sufficient to pay more than $4.75 on each share of its common stock...