Bond Market Reaches New Peak Amid Easier Credit
New York reports last week saw U S government bonds hit fresh high levels as credit conditions eased and investors funnelled funds into government issues. The $50 million Belgian loan led offerings, while foreign financings included Berlin and Austrian bonds. Oil and gas shares rose with tightened production supporting a market upturn.
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Newcomb Sees Prosperity For Charleston With Morris Harvey
Charleston expects a boom with Morris Harvey College opening as Ralph O Newcomb predicts a thriving business and residential district. He envisions hotels shops and culture boosting property values and urges community backing for the college as a catalyst for growth.
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Steel Market Outlook Signals Steady to Softer Prices
In New York on June 14 buyers maintained a cautious stance across steel domains. Demand stayed on hand to mouth with unchanged to slightly easier values as pig iron sales rose while prices fell. refined copper steadied on decreasing stocks. tin and tin plate stay active. lead softened with ample June supplies. antimony prices held firm amid a unsettled China market and modest consuming demand.
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Yale economist compares postwar prices and dollar power
Proferacy Arving Fisher, a Yale economist, weekly analyzes basic commodity prices and the dollar’s purchasing power against prewar levels. His latest note shows prices at 150 and purchasing power at 6 37, implying the dollar is worth 200 cents before the war.
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