NEW YORK’S FINANCES
- BANKS PROVIDE FUNDS
SIX PER CENT. INTEREST
Press Association—By Telegraph—Copyright.
NEW YORK, January 21. New York City’s financial difficulties for 1932 at last appear to be over. The banks will purchase 100,000,000c10l worth of special five-year corporation stock notes of the city, and will provide an additional 150,000,000d0l re volving fund for the purchase of city tax anticipation bills, The city will pay 6 per cent, interest, compared'with 3 per cent, in recent years.
lOWA’S PREDICAMENT. , NEW YORK. January 21. Two banks in Chicago and two in lowa city closed to-day. All of the latter’s five banks are now shut, leaving the city without banking facilities.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ESD19320122.2.70
Bibliographic details
Evening Star, Issue 21007, 22 January 1932, Page 9
Word Count
109NEW YORK’S FINANCES Evening Star, Issue 21007, 22 January 1932, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.