War Borrowing a Study of Treasury Certificates of Indebtedness of the United St

Cover War Borrowing a Study of Treasury Certificates of Indebtedness of the United St
War Borrowing a Study of Treasury Certificates of Indebtedness of the United St
Hollander, Jacob Harry, 1871-1940
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97 2. 57 3. 52 3. 22 3. 43 1. 92 2. 59 2. 40 5. 29 8 The figures for 1908-1915 are Professor W. C. Mitchell's ("Business Cycles, " 1913, p. 155; Journal of Political Econ- omy, June, 1913, p. 512; ibid. , February, 1916, p. 146. ) For 1916-18 the data have been computed by the writer according to Professor Mitchell's method.
THE MONEY MARKET 117 Jan.
Feb.
Mar.
Apr.
May June July Aug.
Sept.
Oct.
Nov.
Dec.
Average Commercial Paper '08 '09 '10 '11 '12 . . 6. 59 3. 68 4. 75 3. 98 3. 90 . . 5. 06 3.
... 54 4. 44 4. 09 3. 75 . . 5. 63 3. 50 4. 50 3. 88 4. 19 • •4. 38 3. 50 4-75 3-66 4. 15 . . 3. 94 3. 44 4. 75 3. 63 4-19 . . 3. 69 3. 25 4. 81 3. 69 4. 00 • -375 3-38 5-38 378 4. 53 . . 3. 01 4. 04 5. 43 4. 19 5. 00 . . 3. 89 4-25 5-53 4-54 5-56 . . 4. 10 5. 03 5-56 4. 35 5-93 . . 4. 04 5. 09 5. 50 3. 91 5. 72 ■ •3-85 5-09 4-66 4. 63 6. 00 . . 4. 42 3. 86 5. 01 4. 02 4. 74 60-90 days '13 '14 '15 4-93 4-53 3. 84 4. 91 3. 84 3. 75 575 3-88 3. 38 5. 53 373 3-66 5-36 3. 88 3. 72 5. 88 3. 84 3.

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