Word: rated
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Dates: during 1920-1929
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...state (on page 47, Feb. 18 issue) "As for rediscount rates, here again it is the province of the twelve Reserve banks (not of the board) to initiate rate changes." About ten years ago an Assistant Attorney General rendered an opinion to the effect that the power of the Federal Reserve Banks to establish discount rates "subject to review and determination of the Federal Reserve Board" gave the Federal Reserve Board authority not only to review but also to determine, and therefore to initiate, a rate change when and if they so desired. J. F. EBERSOLE Office of the Secretary...
Holland Profit. The Holland Tunnel, vehicular toll tunnel beneath the Hudson River, is making money at a rate which indicates a $5,000,000 profit for 1929. Last year's profit was about $3,600,000, and 1929 traffic has shown a 25 per cent increase. Tunnel profits are shared jointly by New York and New Jersey to repay State construction costs...
...important thing about Van Ryn is that he is well-to-do. He will scarcely be tempted to flirt with trouble by writing for the newspapers. His family likes having a first-rate sportsman in the family and he is afforded ample time and allowance to play and practice. He arrived at the Brooklyn tournament fresh from four months of serious tennis training in California. "The only thing," said an oldtime linesman watching the Van Ryn-Tilden match, "that can stop that lad is some blame girl. I hope he's a constitutional bachelor...
...Reserve Rate. Meanwhile Wall Street itself stirred uneasily. The early week market recovery proved to be largely whistling in the graveyard. As the week wore on and the tombstones stood out more clearly in the gathering darkness, the speculators stopped whistling and started to run. Directors of the New York Federal Reserve Bank held a lengthy and private meeting, after which, however, no change was announced in the rediscount rate...
...Market. None of these measures was by themselves particularly drastic (was offset, for example, by failure to raise the rediscount rate), but taken altogether they gave nervous speculators chills & fever. On Friday call money went from 6½% to 10% and the whole market went off in a sharp decline that continued through Saturday's closing. There was nothing resembling a panic but the orderly retreat was rapid, sustained, unchecked by short covering...