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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Dec 07, 1934

Page

9

Treasury bonds and inflation fears in wartime finance

The World At A Glance notes Henry Morgenthau is showing skill as treasury secretary. It describes a one day 960 million dollar bond issue and analyzes the drive for longer term notes with lower rates, the HOLC call delay, and the potential swap offer. Also touched are dollar strength, inflation fears, and a Detroit Christmas windfall. A Montana contest yields a 39 1 4 inch pheasant tail prize.

Leslie Richie New York Henry Morgenthau Treasury Financial New York Morgenthau Wall Street Home Owners’ Loan Corporation HOLC

Two Fronts Point in Cleveland to Upturn

Cleveland reports improve business outlook with two fronts signaling gains. Babson Reports Inc. notes better conditions, rising stock market and higher living costs in 1935. Department stores plan 10,000 more seasonal sales staff. Rumors swirl over the 1917 Virgin Islands purchase from Denmark for 25 million dollars amid German bid chatter.

Cleveland Babson Reports, Inc United States Virgin Islands Denmark Germany

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