Word: bond
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Dates: during 1930-1939
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...Lastly and perhaps most important at the moment, Mr. Morgenthau apparently hoped to give a fillip to the Treasury's $2,378,000,000 refunding program, launched last fortnight. Public response to the exchange offers has been slow. If any headlines could harden a soft Government bond market, none would be better than REDUCTION OF PUBLIC DEBT. Day after the announcement Government bonds declined...
...first touch of spring. Plain-dressed, plain-thinking folk, they were faced with a vexing question before they could begin to cultivate their fields. Amishmen, unlike members of other Mennonite sects, do not sign contracts. An Amishman's word is as good as another's bond. Yet contracts were waiting for them to sign as part of AAA's crop-reduction program...
...traders were mightily whipsawed. And after trading relapsed into the usual doldrums and stock prices shuffled off to new lows for the year, Wall Street remained unconvinced that the President's remarks were entirely without purpose. A new case of business jitters was clearly registered in the Government bond market, which during the rest of the week not only failed to recover but extended its flutter losses...
...until last week, however, did any corporation take advantage of the new form. Then Swift & Co. registered $43,000,000 of bonds to refund outstanding securities at lower interest rates. The new Swift bonds will carry a 3¼% coupon, probably the lowest rate for an industrial bond issue since before the War when General Electric sold an issue of 3½s. When Swift officials reported that the 50-page registration was no more troublesome than an oldtime prospectus, Chairman Kennedy, happy as only a Boston Irishman can be, exulted: "This issue is very good evidence that at least...
Salesman Morgenthau: In case of emergency, the Government will redeem your bond at any time after 60 days from the date of issue...