Word: bond
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Dates: during 1930-1939
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...stocky little tycoon who smiles and smiles (from habit rather than chronic mirth) is great Baron Melchett, No. 1 British industrialist, board chairman of Imperial Chemical Industries Ltd. Last week in Manhattan he smiled at the Bond Club, addressed to its spruce and serious members a sardonic prophecy. Within two years, he declared, the British Empire will have scrapped her historic free trade policy, girt herself with a tariff wall against U. S. and even European competition...
...market began steadying last fortnight, crept higher last week. Brokers, as usual, issued bullish letters, said further reactions will be small. Few traders could find a sound reason for the advance, but many held that it would be the impetus which Business awaits. Especially encouraging was the strong bond market. From Massachusetts, where about a year ago was sounded the dismal warning which none heeded, last week came a bullish statement. Statistician Roger Ward Babson, 1929-5 most famed "Prophet of Doom," made his first modification of his very bearish stand of last year, his first general recommendation...
...President Hoover last week named Herman Murray Jacoby, wealthy German-born Manhattan bond broker, to represent him as a special ambassador next November when Ras Taffari. Regent of Ethiopia, becomes H. I. M. Haile Selassie, Emperor of Ethiopia. To Addis Ababa, remote Abyssinian capital, for the African coronation Mr. Jacoby will take a full diplomatic staff, including Brig. General William Wright Harts and Charles Lee Cooke, the State Department's ceremonial officer. One reason why the U. S. should participate so elaborately in an Abyssinian ceremony: J. G. White Engineering Corp. of New York has a large contract with...
...Eugene McGregor, vice president of Harris, Forbes & Co. Inc. of Boston since 1916, became its president. Golfing, horse-riding Mr. McGregor began as a bond salesman, became associated with N. W. Harris & Co. in 1904, stayed with the organization. Recently he has been on the buying rather than selling end, also serves as a director of Boston's National Shawmut Bank, Chase Securities Corp., Associated Gas & Electric. He is Treasurer of Tufts College, President of Brookline Savings Bank...
...pride of an investment bank is expressed in the size and number of bond syndicates in which it participates. Last week the Wall Street Journal tabulated the relative positions of houses whose names appeared in new offerings totaling more than $50,000,000 during the first half of the year. Of 122 houses in this classification, the 20 leaders were...