Word: bonding
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...President Roosevelt's greeting to newshawks one day last week as they flocked into his Hyde Park study. He proceeded to tell them that Secretary of the Treasury Woodin had just telephoned him that the Government's $500,000,000 issue of 3¼% bonds had been oversubscribed six times.* It was the new Administration's first excursion into the bond market, in fact the first long-term Treasury issue since September 1931. The rush of investors for the new bonds was generally interpreted as one more manifestation of the public's confidence in its President...
...waive the guaranty, were thoroughly solvent. But their guaranteed mortgages amounted to only $126,000,000. The other 20 companies, with $2,900,000,000 of guarantees outstanding, were (or will be) taken over by Superintendent Van Schaick for rehabilitation. Biggest companies he took over last week were Bond & Mortgage Guarantee Co., Lawyers Mortgage Co. and New York Title & Mortgage. These three companies had assets of $144,000,000, liabilities...
...compromised with his creditors (TIME, June 12), another overburdened tycoon, cinema's Jesse Louis Lasky, last week filed a debtor's petition under the new Federal bank ruptcy act. He listed assets of $134,000, liabilities of $2,020,000, laid his troubles to having personally guaranteed bond issues for Manhattan's Fifty-Seventh Street Building Co. and Eighth Avenue Building Corp. Said he: "I feel that I have been more than fair with all my creditors, for in order to pay the charges on the properties above mentioned. I have had to borrow and otherwise sacrifice...
...hands off. Yet labor troubles and ups & downs in business have more than once given the Rockefellers cause to regret their Colorado investment. Last week Colorado Fuel & Iron gave the Rockefellers one more cause for regret: with other steel businesses doing nobly, Colorado Fuel & Iron defaulted on its bond interest, passed into receivership...
That was, of course, wiped out by depreciation, bond interest etc., etc. but the turnabout was decisive. Moreover it was achieved on operations averaging only 27.5% of capacity. For July Steel's operations were estimated by Chairman Myron C. Taylor at 53% of capacity-a rate which if maintained ought to bring U. S. Steel quickly into a land of milk & honey.* That these figures represented not only the fortunes of U. S. Steel but of a big part of the steel industry was shown two days later when Bethlehem Steel reported its deficit cut from...