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...Government, like any other business concern, bows to the money market. But the Government, more than any other moneyed concern - especially since the Federal Reserve System began affecting the stock market - helps make the money market. Hence the interest of economists and the perturbation of speculators when Secretary Mellon last week made the Government's usual June bond offering to carry the highest interest rates since 1924. The offering was $400,000,000 worth of certificates at 4% for six months, 3⅞% for nine months...

Author: /time Magazine | Title: THE CABINET: Dear Money | 6/18/1928 | See Source »

...shek issued at Nanking an astounding communique: "The military phase of the Nationalist movement has been completed, rendering unnecessary further warfare. The office of Generalissimo is automatically terminated. The military council of the Nationalist government hereafter will administer all military affairs." In conclusion Chiang said that he will now concern himself exclusively with "the problems of reconstruction...

Author: /time Magazine | Title: CHINA: Who's Got Peking? | 6/18/1928 | See Source »

Died. Alfred G. Smith, 53, president of the American Shipbuilding Co., pioneer shipbuilder who-began work at 15, made his family concern the biggest ship business on the Great Lakes, and directed the construction of 200 ships during the War; after a four months' illness; in Cleveland...

Author: /time Magazine | Title: Milestones: Jun. 18, 1928 | 6/18/1928 | See Source »

...about to complete their undergraduate work. The feeling of unmixed relief that characterizes the divisional-freed Senior, the desire to be up and away as soon as possible, is metamorphosed by the turning of a year or two into an active regret for the cloister's pale, an immediate concern with the functions of the College, its activities, its winning football teams...

Author: NO WRITER ATTRIBUTED | Title: THE JOURNEY'S END | 6/18/1928 | See Source »

...concern was in good condition for refinancing, for letting the investing public share in it. Lehman Bros, of Manhattan took the initiative; Field Glore & Co. of Manhattan and J. H. Holmes of Pittsburgh joined them in the underwriting. Joseph Horne Co. was incorporated for $7,500,000 preferred stock and 240,000 shares of no par common stock. But, although Home's department store was thus a quasi-public institution, no preferred stock was sold, and only 40,000 of the common. That common already is listed on the Pittsburgh stock exchange, but is closely held. Homes, Sheas...

Author: /time Magazine | Title: Business & Finance: Publicized Business | 6/11/1928 | See Source »

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