Word: rates
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Dates: during 1920-1929
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Held by bankers & investors in the U. S. are |70,000,000 of a French bond issue, paying a high interest rate of 8%. Premier Raymond Poincaré and his Government mulled over the problem of retiring them in favor of a new loan at a lower rate to be sought in the U. S. market. Governments who have not yet agreed upon a plan to pay their debts to this country are forbidden to raise funds...
...BUILDERS OF AMERICA-Ellsworth Huntington & Leon F. Whitney -Morrow ($3.50). Unlike some advocates of birth control who whine for an indiscriminate decrease in the world-birth rate, Authors Huntington, able Yale environist, and Whitney, able Secretary of the American Eugenics Society, with many a diagram and graph, powerfully defend their contention that the intelligent minority should be more prolific. Most novel, indisputable, disastrous, are the statistics which they produce upon those who achieve irritating and ephemeral success during their collegiate careers, and who, when they graduate, are reluctant to duplicate their superiorities in offspring. Even chorus girls and stage ladies...
...chance of winning the next elections, which many think will be held in 1929. At all events, he appears to think that Mr. Baldwin will not be able to win a comfortable working majority. Hence he has decided to back Mr. Lloyd George. That, at any rate, is the way it is summed up in British political circles...
Foreign Exchange. The Dutch Central Bank of Amsterdam recently raised its discount rate one point to 4½%. This is an indication of good business in Holland. Their industry is borrowing to finance an expanding trade. Guilders, Dutch money, last week closed at a record price, 40.30 cents each. This is 10 cents above par, a quotation that featured foreign exchange trading last week...
...price of cotton advanced. The rise was not sustained. Excellent October weather extended picking and increased receipts, and the influence of a depressing stock market and uncertain trade promoted a decline. Cotton closed the week at 20.05 cents a pound for Demember delivery, at the 480 pound rate, $96.24 per bale...