Word: bond
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Dates: during 1940-1949
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...Treasury's gigantic $4 billion bond issue consisting of 1½% notes of 1946 and 2% bonds of 1952 had just been subscribed for a total of $4,100,000,000-a squeak-through compared to the 50% (and greater) over-subscriptions of recent years. But to save even this much face the Treasury had to beg banks to increase their purchases, for the unsolicited subscriptions fell considerably short of the necessary total (about $1,000,000,000 short, according to many bankers' beliefs...
...course sheer eyewash since the Treasury, if it chose to put out short enough maturities, could finance the war at a fraction of 1%, or for nothing if it issued greenbacks. Moreover, a 2¼% longer term issue would not have been out of line with current Government bond yields. But the Treasury feared that if it put out such an issue just now investors in the future might demand this higher rate on shorter maturities. This would jack up the price of money all around and might-so the argument runs-unsettle the market for existing Government obligations...
With these fears in mind the Treasury forgot about the dangers of the failure of its issue, ignored the fact that it was antagonizing its customers, the bond buyers, blandly pooh-poohed the consequences of its decision...
Door-to-door canvassing of all students not enrolled in the University War Bond and Stamp purchasing campaign began yesterday in an all-out attempt to boost the total from the summer low of 35 per cent of the student body participating...
Herbert Marshall's Bond Street voice and general air of bemused gentility make a perfect foil for George Sanders' playing of the brutal genius. One of the few cinemactors with any real presence, Sanders has for years been using it to put starch into supporting parts and B pictures. The Moon & Sixpence gives him his first big chance. It also puts his fine performance in a vacuum...