Word: bond
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Dates: during 1950-1959
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Stars in the Air (Mon. 8 p.m., CBS). The Babe Ruth Story, with Ward Bond, William Frawley...
...Portsmouth Steel Corp., for $7,600,000. Eaton turned the paper over to a new corporation, Cincinnati Enquirer, Inc., set up by the employees. Portsmouth Steel will hold two notes for $6,350,000 and $1,250,000 until they are paid off by the employees through a bond issue underwritten by Halsey, Stuart & Co., investment bankers, and a stock issue backed by Cincinnati brokers...
...biggest bond issue of its kind in Wall Street's history, the state of Ohio last week raised $326 million from U.S. investors. Not only was the entire issue sold out on the first day, but by nightfall each $1,000 bond (interest rate: 31%) was commanding a $25 premium...
...clock one evening last week, a dignified, white-haired man, his lawyer at his side, walked into Los Angeles' towering county jail building and surrendered on his bond. At the booking desk he emptied his pockets, received an ill-fitting blue denim uniform to replace his elegant double-breasted grey flannel suit. Soon, reported a turnkey, No. 22487 was "sleeping like a baby" in the upper bunk of cell 10A2 on the twelfth floor. Hollywood Producer Walter (Stagecoach) Wanger, 57, a suave man with "no previous arrests," had begun what he called his "summer vacation...
...Portsmouth Steel Corp. would back the employees. Eaton sent the trustees a check for $1,250,000 as a deposit, was ready to sign a contract to pay the remainder. If the paper is sold to Portsmouth Steel, it will immediately sell it to the employees, collect when the bond & stock issues are floated. The court decided to reconsider. When all the complexities of the Taft and Ratliff bids were taken into account, it looked as if the Enquirer employees were actually offering $7,600,000 v. $7,586,000 by the Taft group. Said Reporter Ratliff happily: "Most...