Business Barometers Used in the Accumulation of Money; A

Business Barometers Used in the Accumulation of Money; A Text Book on Applied Economics for Merchants, Bankers and Investors 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 illustratededition Excerpt any day and on which the rates change from day to day Sometimes this figure is and sometimes less than the figure for time rates Time rates apply to loans maturing at a fixed date, such as six months or a year When the bankers loaning money think that all rates are to strengthen in the near future, then the call rate is less than the time rate, and when the bankers having money to loan think that all rates are to decrease in the immediate future, then call rates are higher than the time rates Some of the shrewdest borrowers take time money when the bankers are encouraging the people to take call money, and vice versa, on the principle that the bankers know about the situation than their customers However, this question of money rates is too complicated to present here in detail, but, as has been stated, the price of money can be easily ascertained at any moment by referring to the daily papers The supply of money is the most vital question as unlike the price it is not so subject to manipulation This supply as above stated is best indicated by the weekly bank statement This is simply a statement of the New York banks and does not include statements from any of the other twenty thousand banks in the United States, nor the great banking institutions of foreign countries The need of a complete weekly bank statement is already felt The New York bank statement is already being made to include certain outside banks, and without doubt the time is coming when all of the large banks in this country will report their condition by telegraph every Saturday morning, so as to give a combined statement This probably will later be followed by the banks of every country reporting their conditions by cable to London This will

About the Author: Roger W. Babson

Roger Ward Babson July 6, 1875 March 5, 1967 , remembered today largely for founding Babson College in Massachusetts, was an entrepreneur and business theorist in the first half of the 20th century He also founded Webber College, now Webber International University, in Babson Park, Florida, and the defunct Utopia College, in Eureka, Kansas.He was born to Nathaniel Babson and his wife Ellen Stearns as part of the tenth generation of Babsons to live in Gloucester, Massachusetts Roger attended Massachusetts Institute of Technology and worked for investment firms before founding, in 1904, Babson s Statistical Organization, which analyzed stocks and business reports It continues today as Babson United, Inc..On March 29, 1900, Babson married his first wife, Grace Margaret Knight, who died in 1956 In 1957 he remarried to Nona M Dougherty, who died in 1963 Babson died in 1967.

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