Word: bond
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Dates: during 1940-1949
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...failing to use their rights to buy new debentures, American Telephone & Telegraph stockholders frittered away $1,360,000. This was evident last week when the company announced that $10,839,700 of the $234,000,000 bond issue went unsubscribed. Since it took eight rights to buy each $100 bond, 867,176 rights expired unused. They were worth $1.57 each on the stockmarket...
First step in the beating was to seize the President, hold it in $10,000 bail. Shreve countered by demanding a $10,000 bond for any damages to his ship while Livingston held it. Frightened for the first time, Livingston released the boat. Triumphantly Shreve steamed back to Louisville...
...Only $1,200,000,000 of Mr. Morgenthau's bond issue was for sale to the public. Bearing 2½% interest, maturing in 25 to 31 years, it was designed to appeal to individuals rather than to banks, and thus to discourage an inflationary increase in bank credit. The issue was snapped up by hungry investors in a few hours. Another $204,425,400 will be exchanged for old bonds, bearing 1¼%, which mature in December. The remaining $100,000,000 will be reinvested in Government trust accounts...
...shipping company last week was pulled out of a bad financial mess. In its 39-year history, International Mercantile Marine Co. has carried more passengers than any other U.S. line, operated crack ocean greyhounds like the Leviathan, Washington, Manhattan, America. But last week, with a $11,469,000 bond issue due Oct. 1, I.M.M. did not have nearly enough cash to meet it. Suddenly RFC jumped in, lent I.M.M. enough to pay off the entire issue...
...telling an aide that he wanted a contractor and two C.I.O organizers murdered, that he wanted people to "shiver in their boots when Nick Stirone was mentioned." Last month Stirone was hauled into court by the business agent of a laborer's local, who wanted Nick put under bond to keep the peace because "he said he would cave my head in." But last week Nick was still doing business as the president of his A.F. of L. local...