Word: bond
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...stock and bond quotations melted, railroad investors grew fearful that some headline calamity was imminent. One Southern Railway (mileage: 8,017) bond issue dropped eight points in a single session, and New York, New Haven & Hartford (mileage: 2,072) issues sank five points to new lows for the year, around 25? or 30? on the dollar. New Haven's new president Howard S. Palmer, who succeeded John Jeremiah Pelley last autumn, felt obliged to announce: "We are not contemplating any reorganization at this time...
...bigger profit in 1930 than 1929. But even for burly, forthright "Pat" Joyce there is a limit to the profits to be taken out of shiny pants. Last week Great Western marched into court, petitioning for a voluntary reorganization under the Bankruptcy Act. Reason: no funds to pay bond interest; no means of borrowing them...
...turn of the year Denver & Rio Grande Western (mileage: 2,571) defaulted on a $40,000,000 bond issue but under the terms of the indenture was allowed a 60-day period of grace to make good. Last week that grace period expired without action. Though the bondholders may now throw the road into receivership, the directors hastily announced that a reorganization plan would be ready within a month...
Salesman Morgenthau: The Treasury has decided that every citizen should have a chance to buy sound government securities and become a partner in his government. These bonds are issued in denominations as low as $25. . . . The $25 bond will cost you $18.75 today. It grows in value every year, and if you hold it for the full ten years you will increase your investment by one-third...
Prospect Roosevelt: But suppose I want to cash my bond before that? Suppose I need the money in a hurry...