Abstract

The Week

The article focuses on several issues related to finance in the United States. Early in the week the applications of holders of registered 5 percent, bonds to have them extended at 3 and half percent exceeded $250,000,000, which was the limit fixed by the U.S. Department of the Treasury for extension. The Secretary, however, decided to include in the extensions bonds, which were mailed on the day that the $250,000,000 limit was reached, and it is understood that these will amount to perhaps $5,000,000. This would leave $70,000,000 to be paid in cash by the Treasury. Of the $120,000,000 coupon 5's it is said that about $20,000,000 has been extended, the exact figures not having been published. The seasonable dullness in the book trade has been singularly relieved by the enormous demand for the revised version of the New Testament, which, like the Tischendorf version published by Tauchnitz, has at last found a place in a popular library of biography and fiction.