Word: bond
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Burly Ben Reese, managing editor of the Post-Dispatch, promptly roared that the paper would put up Link's $11,000 bond "and will defend him to the last ditch." The Post-Dispatch rushed into print with a Sunday editorial (titled "The Green Machine Fights Back") that snarled: "Cowardly men in Illinois are watching the clock as the hour hand moves toward Election Day . . . They think they can muzzle the Post-Dispatch. They are wrong. The Post-Dispatch will not be intimidated. It will not be gagged." Staffers figured that the charge against Link would be quietly dropped after...
...Plunge. The insurance companies, which usually shy away from foreign oil investments, jumped in with both feet. Nine of the biggest U.S. companies and one Canadian snapped up the biggest industrial bond issue ever offered. Shell Caribbean Petroleum Co. of N.J. (a Royal Dutch-Shell subsidiary) announced that the insurance companies would buy $250 million worth of its 20-year, 4% bonds. As security for the loan, Shell Caribbean put up 8,800,000 shares (or two-thirds) of the stock of Shell Union Oil Corp., Shell's U.S. subsidiary (the stock's market value last week...
...Faiman's two-year sentence seemed to worry him only momentarily. Last week, out on $5,000 bond pending appeal, he had regained his old composure. With a persecuted air he complained: "There's some pressure coming from somewhere, but I don't know where it's from...
...thought so was the Equitable Life Assurance Society's Thomas I. Parkinson. Said Parkinson: "Neither banks nor life-insurance companies have any right to expect a guaranteed buyer." Parkinson thought that FRB should let the bonds find their own level in a free market. His argument was that lower bond prices meant higher yields, and higher yields on Treasuries would in turn push up the commercial interest rate. Making credit more expensive, thought Parkinson, would help nip inflation...
...expansion. They are hanging back. Of the $26.5 billion which U.S. industry spent on expansion in 1947, said Price, less than 4.7% (only $1.25 billion) came from stock sales, i.e., risk capital (and half of this was in preferred stock). The rest came from accumulated profits, loans, or new bond issues. The 1948 rate of investment in new stock issues is even lower. But industry cannot go on financing expansion out of past profits ("now almost completely committed") or borrowing ("an already visible limit...