Word: bond
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Dates: during 1950-1959
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...involved in the decay of a tooth. The micro-organisms that are believed to cause decay. . . are much wider than the individual crystal and organic units that make up the enamel. Hence, before a micro-organism can invade the enamel, both the organic and the inorganic matter (or the bond between the two) must be destroyed or weakened in some...
...campaign to shift more of the federal debt into medium-and long-term bonds, the Treasury last week announced the biggest refinancing operation in its history. To holders of five issues of nearly mature securities totaling $21 billion, the Treasury offered a new seven-year-and-nine-months bond at 2%. Since this is slightly above the highest rate on the old issues, the Treasury hopes that many security holders will exchange their holdings for the new issue instead of demanding cash. The Treasury also offered a new one-year 1⅜% certificate in exchange for the short-term...
Neither of the two new issues will be sold for cash, since selling securities increases the federal debt, and the debt total is now bumping the $275 billion ceiling. But the Treasury is considering a new 30-year bond issue for cash as soon as it gets headroom by redeeming corporate tax certificates in March...
...When the bonds are sold, it is likely that Cherokee Mills will buy the biggest portion. The rent the company will pay for the plant will be just enough to cover maintenance, bond interest and amortization. Thus, most of the rent the company pays Sevierville will go back to Cherokee as interest and amortization on its bonds. In effect, the company, which employs 700, will get a modern, tax-free plant, instead of an older building on which it paid taxes in Knoxville. While Knoxville was angry about the deal, Sevierville was jubilant, figured it meant hundreds of new jobs...
...result of the continuing boom on boom was that money started to run short, credit tightened, and interest rates rose. Treasury Secretary George Humphrey chose this occasion to float a new $2 billion bond issue with the highest rate (3¼%) that any U.S. bond had carried in 20 years. With this formal notification that the "easy money" policy of the Democratic Administration was ending, the money shortage worsened; three-to five-year Government security rates rose from 2.6% to 2.9%. As credit tightened throughout the economy, builders complained about the new shortage of mortgage money, retailers warned darkly...