Word: rates
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Dates: during 1930-1939
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...bonds were offered to the public, the rest having been bought by various Rockefeller interests including the Spelman Fund, the Rockefeller Foundation and the China Medical Board. But the most notable fact about this notable financing was that Standard borrowed the money at the lowest interest rate ever paid for long-term funds by any industrial corporation in the U.S. -little more than...
...rest an offering for cash, largely to pay the Bonus. Reflecting the new popularity of long-term Governments, the cash offer was divided into $400,000,000 of ⅜five-year notes, $600,000,000 in 15-to-18-year bonds with a 2¾|% coupon-both record low rates for those maturities. The Treasury's apparent edge on Standard's interest rate was accounted for by the fact that Government bonds are tax free. With income taxes what they are, the net yield on Standard's bonds to a big corporate investor is only about...
Economist Lionel Danforth Edie: "My guess is that the bottom of the low money rate cycle ... is right now-I mean in 1936, and the middle of 1936. . . . The high-grade bond market is inflated and inflated relatively more than the stock market was in 1929 and it is just as vulnerable to a very sharp move the other way for similar reasons...
...telephone service in 1927, few people except bankers and politicians could afford to use it. A three-minute Manhattan-to-London call cost $75. During the first year of the service only 2,500 calls were made. The following year A. T. & T. was able to make the first rate cut, London calls dropping to $45. In 1930 another cut was made, bringing London down to $30. Record day on this schedule was last Christmas when 360 overseas calls were handled in 24 hours. Last week A. T. & T. made still another bid for more radio-telephone business by filing...
...London the weekday rate will be $21 for three minutes, on Sunday as low as $15. A similar reduction will apply on calls from Manhattan to Paris, Buenos Aires, Rio de Janeiro and Lima, Peru. The present $33 charge to Berlin and Santiago, Chile, will be cut to $24 on weekdays, $18 on Sundays. Where it now costs $21 to call Panama City or Guatemala, the reduced rates will be $12 and $9. To London, Paris and Berlin, U. S. telephone subscribers may call at night for the same price as the Sunday charge...