Word: bond
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Dates: during 1930-1939
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...nearly twelve months since T. Jefferson Coolidge resigned because he disliked the New Deal's mounting debts, the job of Under Secretary of the Treasury had been vacant. Last week, giving up futile efforts to find for the job an expert in the technique of floating Government bonds who had no connection with Wall Street, the President sent to the Senate the name Roswell Foster Magill. Not a bond expert but a tax expert...
last year originated or participated in bond or stock flotations footing up to nearly $4,000,000,000. Its share of these underwritings was $318,532,000. Last week, like any corporation president, First Boston's Colonel Allan Melvill Pope, who learned to dispense with an office desk during his 17 years in the Army, mailed out his annual report...
...earned on total capital & surplus of less than $13,000,000. Like all banking houses, like many a good merchant. First Boston operates to a large extent on borrowed money, loans payable amounting to some $55,000,000 at the year end. As one of the biggest government bond dealers in the U. S., First Boston had $30.000,000 worth of Treasury issues on its shelves. Other securities, including those in joint trading accounts, footed up to $15,400,000. It had sold short about $2,000.000 worth of securities, carried under the liability item, "Securities Sold Not Yet Purchased...
...land the stockholders nodded approval to 1936 reports, listened respectfully to what the bankers had to say. Operating profits were up a little, security profits up a lot. Recoveries from bad assets continued to mount. Demand for business loans was increasing but interest rates were still discouragingly low. Government bonds were still by far the largest asset item. Commercial banks at the year end held no less than 60% of the total national debt. Over bulging bond portfolios, over record bond prices, the bankers were a little jittery, fearing the inevitable upward turn in interest rates which will...
...James Bolivar Manson, and the former Lord Mayor of London, Sir William Waterlow, whose firm had printed the catalog. The Tate Gallery's smart lawyers quickly ap peared before the Master in Chambers and obtained an Order for Security Costs, which means that Plaintiff Utrillo must deposit a bond showing that he is able to pay the costs of the trial before his case can be heard. Even so, lawyers knowing the history of most British libel suits wagered that he had an excellent chance of collecting...