Word: bonde
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Dates: during 1950-1959
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...major antirecession move, the nation's largest steel producer last week plunked down another hefty bet on the future. U.S. Steel Corp. announced plans to raise $300 million through debentures in mid-July. The bond offering will rank among the largest ever made by an industrial firm, equaling Big Steel's in 1954 and issues floated by General Motors in 1953 and General Electric in 1956. Said Robert C. Tyson, chairman of Big Steel's Finance Committee: "The purpose of this is to add money to our funds to restore working capital that we have used...
...Wall Street jargon, a "free rider'' in Government bonds is a speculator who buys into a new issue of Governments-often on margins as low as 5%-and hopes they will rise a point so that he can get out with a quick killing. The big advantage is that he can put up only $5,000 to get $100,000 worth of bonds; if the bonds advance a point-as they often do shortly after issue-the free rider can sell at a profit of $1,000. The danger is that the bonds also can go down. Last...
Cash & Concessions. While this normal fretwork of the politicians went on, the general himself calmly busied himself with the here and now. To supply the government with ready cash, and to sop up excess purchasing power, wispy Fi put on sale 3.5% tax-free government bonds, which as a hedge against inflation will be pegged to the market value of the gold napoleon (last week 3.600 francs). While De Gaulle appealed to patriotism in launching the loan. Pinay remembered the practical side. In the hope of attracting urgently needed foreign exchange, Pinay was even prepared to let Frenchmen...
Until Charles de Gaulle came to power, the 1,500,000 French soldiers and settlers of Algeria had stood shoulder to shoulder against Paris, united by their common contempt for the fumbling politicians of the Fourth Republic. Last week, deprived of their one common bond, the men of Algiers turned to intramural intrigue...
Last week she likened the Government's latest sale of bonds to a "gigantic sale of I.O.U.s," ticked off future bond issues planned for the next few months, and concluded: "It means that the greatest wave of cash borrowing by our Treasury since the Korean war and the greatest wave of borrowing ever in peacetime is about to sweep our land ... It means that the easy money era which was kicked off this past November will keep running through this period. All borrowers-including you -will be benefited by this...