Word: bond
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Dates: during 1950-1959
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...heart of Sherwood Forest, sober-sided Harold Macmillan, Chancellor of the British Exchequer, took corona in mouth and bow in hand, tried to hit a short-range bull's-eye with a suction-cupped arrow in an attempt to promote the sale of his brain child, a savings bond that pays no interest, but offers investors a chance to win ?1,000-a financial stratagem known to Britons as "having a flutter on Harold." Nobody's archery was good enough to win the prize-one ?1 bond. Southpaw Archer Macmillan, perhaps with sporting intent, missed the target...
...activities center around the churches. "The Girl Scouts meet in the basement of the church, the Parent-Teachers Association in the Parish House . . . One of the local ministers opens the luncheon meeting of Rotary or the annual drive of the Community Chest . . . There exists the closest and most intimate bond between the Catholic Church and some locals of the United Automobile Workers or the United Steel Workers, between Protestant churches and some locals of the Rubber Workers, or between Jewish congregations and the Garment Workers locals in New York...
...much what SEC does as what it does not do. Originally set up to control an industry marketing about $2.8 billion worth of new corporate securities annually, it must now regulate a booming giant growing at the rate of $10 billion annually. In 1955 some 4.000 stock and bond issues worth an estimated $340 billion were traded on U.S. exchanges, another 3,500 stock issues worth nearly $40 billion on the over-the-counter market. With the new boom in mutual funds and monthly investment plans, there are more shareholders trading more stock every day. But critics argue that...
Last week's $166 million bond-signing marathon, to finance the first 631,000-kw. unit at Priest Rapids, climaxed a four-year tug-of-war over the quiet Columbia River valley. In 1950 Congress authorized 100% federal financing, for Priest Rapids, as recommended by the Army Corps of Engineers. But in 1952 P.U.D. Manager Glenn Smothers, Attorney Nat Washington Jr. and fellow Grant County inhabitants, who were convinced that the power project could and should be locally financed, battled public-power advocates in Congress to win legislation withdrawing Priest Rapids from the federal projects list. In rapid succession...
Fortnight ago, the dogged utility district tasted victory: the first Grant County bond issue was sold by a nationwide investment banking syndicate headed by Halsey, Stuart & Co. The transaction marked one of the biggest private investments ever made in hydroelectric power. Grant County's financing plan also was unusual: to help shoulder the costs, twelve public and private utility companies in three states have signed 50-year contracts for 63½% of Priest Rapids power output, guaranteed repayment of the debt...