Word: bond
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Dates: during 1950-1959
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AFRICA'S BUILDUP is starting to draw big money from private U.S. investors. To finance housing, roads, utilities, Belgian Congo will float $15 million bond issue in U.S. through Dillon, Read & Co., first such Wall Street public offering: bv any African colony since World...
...companies release their first-quarter earnings. Railroads, copper and other metals, already hard hit in 1957, are not likely to improve. Nevertheless, Wall Street feels that the basis is being laid for a rise in late 1958 and 1959. One clue is the widening spread between stock dividends and bond yields. In July, when stock prices were high, bonds yielded only .32% less than stocks; today, with stock prices much lower (and bond prices higher), stocks pay up to 1.17% more than bonds, are thus more attractive buys...
Elected to the state senate in 1915, Harry Byrd led a bitter fight for pay-as-you-go road building as against bond financing, won in a referendum, carried on his model highway program after his election as governor in 1925. Governor Byrd pushed through a tough antilynch law, streamlined the state constitution. In the fight for adoption of his changes, he built the famed Virginia Democratic political organization that stands today as one of the nation's oldest and most successful-and Harry Byrd will continue to run it after his Senate retirement...
...offer. But that graphic quality is the servant of a spirituality and poetry which makes the word brutal a sacrilege. Durer is as intellectual as the Expressionists are emotional, as richly controlled as the Expressionists, by and large, are sporadic. Again; the comparison may be unfair; but the teutonic bond between a Dance of Death by the younger Holbein and a twentieth century variation on the same theme is inevitable...
...ruling that pipelines may not raise their rates unless their customers agree, a decision that cast doubts on the legality of $200 million in recent increases. FPC now authorized the El Paso Natural Gas Co. to put into effect a $16.5 million rate increase, provided that it posts a bond for that amount in case the increase is later invalidated. Not to have allowed El Paso to go ahead, said FPC Chairman Jerome K. Kuykendall, would have brought on a "mass of litigation clearly not in the public interest...