Money Market Rates Reported for Various Loans
Outside brokers quote 8 percent. Customers brokers loans 6 1 2 to 7 percent. Customers commercial loans 6 1 4 to 7 percent. Commercial paper 6 4 to 7 percent. Year money 6 3 4 to 7 percent.
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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Apr 07, 1920
Page
19
Outside brokers quote 8 percent. Customers brokers loans 6 1 2 to 7 percent. Customers commercial loans 6 1 4 to 7 percent. Commercial paper 6 4 to 7 percent. Year money 6 3 4 to 7 percent.
April 6 The Studebaker Corporation of America board declares a stock dividend of 31 3 percent on 45 million dollars of outstanding common stock. The dividend is payable May 5 to holders of record April 19. This additional stock carries the dividend payable June 1.
George Hale, a Vermont state representative, testified he shot in self defense when neighbor H Lester Morse charged at him with a pitchfork near the Sugar place on the Morse farm boundary. Hale said he carried a shotgun for protection after threats to his life.
Robert W. Emmons 24 managing owner of the sloop Resolute, defending America's Cup, announces the vessel will be launched from Herreshoff yards in Bristol on April 19 with first trial spin expected in early May.
The Dorchester baseball club plans to schedule more matches and calls for teams to contact Harry J. Elwood at 2 Moseley Street Dorchester to arrange games.
Allan A. Ryan chairman of Stutz Motor Car Co announces a settlement with the New York Stock Exchange over trading suspensions after Stutz stock leaped from 100 to 391 a share. He demands loaned stock be cleared, a balance check issued, and that no delisting or free trading denial follow settlement. He denies personal involvement in the price rise and says he acted to protect stockholders.
The cases of Everett C. Tarr and Daniel Samuels, stock brokers tied to the Gambles of the Age campaign, were halted yesterday due to the absence of key witness Cleveland Chandler. The delay extends to Friday as the state seeks to summon Chandler, who is reported resting away from Boston.
Washington April 6 A House judiciary sub committee opened an inquiry into Attorney General Palmer's move to fix 17 to 18 cent Louisiana cane sugar prices. Rep Tinkham said he would show the action cost the public about 9,000,000 in higher sugar prices and questioned the authority under the Lever Act or any other statute to fix prices.
The House Foreign Relations Committee forwards a majority report recommending end of the state of war with Germany. A nine hour debate is provided under a special rule and the measure will be taken up Thursday. The minority report by Rep Flood of Virginia will be introduced tomorrow.
In the House today Democrats largely opposed a peace resolution. Representative Venable challenged Congress’s treaty powers, while Mondrell argued Congress can end a war it created. The majority cited international law to show three ways to terminate combatant status and urged Congress to declare the war with Germany ended and to vacate war powers.
April 7 marks the 98th day of the year with spring progressing. Notable items mention lunar phases including new moon on April 18 and full moon on May 2, plus morning and evening sky highlights of Jupiter Saturn Venus and Mare.
The Hella Silva delivered 30 000 pounds haddock 25 000 cod and 200 halibut to the Fish pier by noon. Ocean and Surge offered about 50 000 pounds of fish while demand stayed brisk and prices climbed. Haddock 3 to 6 cents per pound large cod 7 market cod 5 pollock 4 to 5 cents. Whitecap reported 106 000 pounds haddock 8000 cod 400 pollock. Frances S Grueby 55 000 haddock 55 000 cod and halibut scantily noted. Captain Gilbert bought the schooner Thomas F Pollard. Joyce to command in Bermuda.
Shipping notices list steamers Ransom Fuller Strout and vessels from Gloucester and Portland towing barges to New York and Norfolk. Multiple ships and towages are noted with ports including Beverly Philadelphia Lynn and San Francisco under various owners and captains.
Michael Wallett confessed in Rutland City Court that he accosted nurse Josephine Avery early Thursday. He received a sentence of one to one and a half years at hard labor in the State prison. Officers pursued him for days as the Jack-the-Hugger case unfolded. Avery, newly trained in New Haven, Conn., arrived Rutland at 3:30 am to visit friends and, after walking due to no taxi, was grabbed and escaped, dropping on the Pennington porch.
In Brockton on April 6, 3 month old twins Martin J. and Richard A. Tarpey died within five minutes of each other. Their father is Martin Tarpey and the mother Nora Tarpey, who had died March 16. The loss leaves four children, with twins born less than a year apart.
A survivor narrates long sea service then a severe double rupture that left him bedridden for years. After failed doctors and trusses he refused dangerous surgery and cured himself instead using this remedy and his book sent free.
George McKenzie of 9 James Street Boston won first prize in Limerick No. 79 with a Prodigal Son reference in St Luke 15 11. He received a $150 check from a Post representative. Consolation prizes go to M H Stewart Newton Centre $50. Miss Mildred Malinsky Roxbury $25. Henry T Dodsworth Boston $25.
The Post will publish tomorrow the prize winning last line of a limerick with the writer identified. The note promises inclusion of the author’s name and related details.
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