Archive for the 'Finance' Category

War Bread in Peace Time

BELGIUM and France might have been encouraged by the good news from the nutrition chemists at Williamstown about the prospect of food from the air and sun, and also by the black case they made out against white bread. For the Belgian and French people have gone back on the war basis of “black bread” [...]

Introduction of Personal Loans Part 3

The spread of the personal loan department idea, moreover, will enable borrowers to snap up bargains which otherwise they might have been forced to let pass. A young couple, for instance, has a chance to buy a set of dining-room furniture at a ridiculously low figure, but have not enough cash on hand. [...]

Introduction of Personal Loans Part 2

The advantages to the borrower are even clearer. Attorney-General Ottinger, of New York State, has made a long investigation of the loan shark industry, and he has found that an uncomfortably large proportion of his fellow-citizens have been paying interest ranging from 14 to 36 per cent for loans which they could not, in most [...]

Introduction of Personal Loans Part 1

A Bank Taps a New Stratum of Customers
THE National City Bank, the largest institution in the United States, has opened a new era in banking by the establishment of a Personal Loan Department which will make personal loans without collateral to salaried men and women in amounts rang-ing from $50 to $1, 000.
Interest will be [...]

The Recent Market – Bull or Bear Part 3

Those who would “talk down” the bull market when the more obvious part of the record is against them have eagerly seized upon the figures of stocks which have declined and of stocks which have gone up. They contend that in reality we have been having a bear market.
On the other hand, they neglect to [...]

The Recent Market – Bull or Bear Part 2

Last month did something to improve the record. The same list of stocks rose approximately 60 points from late May to early September, placing the average price level at a new high record. The average price appreciation was one and one-quarter points, or $1.25 a share a day for each trading day in June, July [...]

The Recent Market – Bull or Bear Part 1

WHETHER HE HAD ever bought or sold a share of stock in his life, Mr. Average Man was aware that the stock market conducted on the New York Stock Exchange slumped rather badly last spring. If he owned stocks he needed no other evidence than that which came to him in computing the [...]

Credit and the Federal Reserve Part 3

A LITTLE LATER, Governor Young of the Federal Reserve in his speech in Cincinnati, reviewed the expansion in speculative credit in such a way as to make it obvious that he expected deflation. The stock market, however, was not alarmed because he said that he favored raising rediscount rates only as a last resort. He [...]