Word: rated
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Dates: during 1920-1929
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...Treasury Department announced its quarterly financing for March 15. It offered 475 millions worth of Treasury certificates to run for nine months at an interest rate of 4¾%. To Mr. Mellon it must have seemed very much as if the people were exacting usurious interest from their Government. In the last five years he has sold Treasury certificates bearing as low .as 2¾%. True, last October he was also obliged to pay 4¾%, but in December, coincident with a break in the stock market he was able to market an issue at 4¼%, although there...
Specifically, Mr. Warburg urged a raising of the Federal Reserve 5% rediscount rate. "When commercial paper commands 3¾% and when bankers acceptances sell at 3?%, rediscount rates of 4½% and 5% seem grotesquely impotent and out of line. . . . Conditions such as these call to mind the painful events of the years...
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...
...motion picture, "Geraldine" is an attempt to render a comedy of Booth Tarkington's. Whether it is successful or not depends largely upon the individual spectator; there were certainly some present who liked it. At any rate Eddie Quillan does some comedy stunts which are almost sure to amuse...
Dean Wright, furthermore, stated that all Harvard College Seniors who are desirous of entering the Business School in the class of 1931 should hand in their applications for admission as soon as possible because, owing to the large numbers of applications which are coming in at a rapid rate, the limit will be reached early...