New England Business Review

New England Business Review

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ...August, 1924. Prices: --Wholesale prices showed a further slight advance in August. and were near the high level reached in the spring of this year. Prices of agricultural commodities, which in recent months have been above the average for all commodities, increased further, while prices of other commodities declined slightly. Between the end of August and the latter part of September prices of bituminous coal, pig iron, rubber and cotton advanced, and prices of spring wheat, corn, raw sugar and wool declined. Bank Credit: ---At member banks in leading cities, loans, chiefly for commercial and agricultural purposes, showed further seasonal increases during the first half of September, and at the middle of the month were about $275,000,000 higher than at the end of July. Investment holdings remained in about the same volume as during previous months, but loans on securities increased, and on September 16 were near the highest level of the year. A further growth in the total of Reserve bank credit in use occurred during the five-week period ending September 23. Member bank borrowings increased in the early part of September and, after a temporary decline during the period of Treasury financing. increased to a larger total than at any time since the beginning of 1924. The seasonal growth in the demand for currency during August was reflected in an increase of $65,000,000 in total money in circulation. Money rates showed a firmer tendency during the last week of August and the first three weeks of September. The prevailing rate on prime commercial paper remained at 4% per cent, but there was an increased proportion of sales at 4% per cent. MONTHLY REVIEW Of Industrial and Financial Condilions in tlze New England District By Frederic H. Curtiss,
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Product details

  • Paperback | 630 pages
  • 189 x 246 x 32mm | 1,107g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236923855
  • 9781236923851