Word: bond
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Dates: during 1960-1969
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...John Nuveen & Co., one of the nation's largest municipal bond houses, was negotiating for the purchase of Arthur Wiesenberger & Co., a New York Stock Exchange member firm whose founder, now 70, went into the business in 1938 after a colorful career as an author on merchandising (one of his books: Merchandising Bargain Basements). For Chicago-based Nuveen, acquiring Wiesenberger would be in line with the recent trend among municipal bond houses, which have diversified into other securities operations because of increasingly vigorous competition from commercial banks...
...common stocks, Shulman recommends dabbling not in shares but in warrants, which are rights to buy stock and which sell for much less than the stock itself. His "ideal" investment is the convertible debenture, a bond that the owner can convert into stock and which, at its best, combines high yield with growth. Investors who are willing to borrow heavily can get considerable leverage with debentures, because bankers commonly lend from 75% to 90% of the purchase price...
Truc in the Alley will carry exterior decorations for men--French capes, English riding jackets, suits from Bond St.--"but cheap!" emphasizes Cy Harvey, "cheap so the students can buy them...
...They Are Right. Securities underwriters still foresee a heavy demand for money in the weeks ahead. "Everyone is coming to the market at once," frets Partner Herman Kahn of Manhattan's Lehman Brothers. "And not merely in the U.S., but worldwide." Later in the year, however, most bond dealers expect the scramble for loans to dwindle. Last week's tax message heightens that prospect in part by removing much of the uncertainty. If bankers and economists are right, it also portends easier money and somewhat cheaper credit for businesses...
...professionalism that eventually forges a bond between them. As Poitier zeroes in on the murderer, Steiger's resentment turns to childish awe, and finally to wary respect. It is Poitier who refuses to bend. In one scene he slaps a white man across the face and looses a stream of anti-white venom...