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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Indiana Evening Gazette
Location
Indiana, Pennsylvania, United States of America
Date
Jun 02, 1920
Page
7
New York bankers finalize terms for a major credit facility totaling 50 million dollars. Proceeds will fund an acceptance credit arrangement and support liquidity for the borrower.
A garbled OCR record describes government bond issues and interest details. It cites a 20 year 2 percent fund bond dated June 1, 1901, payable at a specified old date, with annual payments and redemption provisions. It mentions a separate US loan of 82,300,000 and annual redemptions beginning in 1905, with trustees and a sinking fund plan.
The notice details Belgian perpetual bonds offered in Brussels with yields slipping from 24.80 percent on certain issues to about 4.90 percent currently. Interest is paid June 11 and December 1, with principal premiums and interest redeemable in United States currency at J P Morgan and Co or Gillantyough Co of New York offices. Denominations are 4000 and 5000 dollars.
Pasadena news reports advocate consolidating electric power firms into a single nationwide system. Aylesworth argues electrification of railroads would cut coal use, reduce spoilage, lower costs, and boost freight efficiency, with a committee studying national electrical resources to plan expansion.
A committee including John A. Britton as chairman and W. W. Freeman as vice chairman reviews necessary financing for extensions. Members span Cincinnati Los Angeles Philadelphia Chicago Baltimore and New York.
A recent death in Aurora ends the sixty year labor of Blandford, inventor of a famed clock. The timepiece dispenses astronomical calculations, calendars and leap-year rules, and displays global time synchronized to minute with a moon frame. The clock, winding only every sixty eight years, was left to the City of Aurora.
The Chicago era article describes a nine foot tall carved clock by Blandford, with moon phase dials, planetarium figures, and a two pound weight powered mechanism. It includes a thermometric and micrometric attachment, weathering inner dials, and a four foot main dial. Blandford, son of an English clockmaker, came to Aurora in 1879 and built this clock near his home. He wished it remain in the city, but offers from other cities and universities have been declined.
In St Louis on May 31 Stanley A Sweet of New York, president of Garment Manufacturers Association, urged hopes for cost reductions in wearing apparel. He said manufacturers fear price declines if demand wanes and expect raw material costs to lower after market adjustments.
scattered phrases mention clothing costs and labor, a French national figure, 722000 books on elution, Japan, champagne, a cliff wine claim, an Australian sheep with one eye, and names including Steve Pachan Annie Pure James Wheeler Nora M. Reardo Harry A. Allison Helen K. Bare.
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