Word: bonding
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Dates: during 1930-1939
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...best they could last week the Privy Council, headed by Baron Hiranuma, stood against Japan's militarists who were succeeding at Shanghai (see p. 24). The Council forced Premier Inukai to cut down a Japanese internal bond issue now about to be floated from 28,000,000 yen to 22,000,000 yen ($7,315,000). This money, unquestionably, will be spent to pay some of Japan's fight bills. Whom will she fight next, if anyone...
With receivership in the offing. Indiana's bond and stockholders lately formed protective committees. Last week they devised a plan of reorganization which will result in $1,500,000 new capital for their enterprise...
Providing an opportunity for Freshman athletes to begin a new sport, the Freshman baseball season was officially inaugurated yesterday afternoon, when 46 candidates turned out on the diamond of the Briggs Cage for preliminary practice under Rufus Bond, who will coach the first year...
...bonds will pay 8% interest. Any year that a dividend is paid on the preferred stock they will receive an extra ½%. Any cash dividend on the Class A common stock will give another 1/2% bounty to bond holders. Any cash dividend on the common will give them another 1 % premium. Thus the bonds are "participating conditionally up to 2% additional"?a phrase rare in finance. In addition to this "sweetening," each $1,000 bond has a warrant entitling the owner to buy, from 1933-48, ten shares of common at $5 (current prices: $4). The bonds will...
Lower Rate. Last week the Federal Reserve Bank of New York lowered its rediscount rate from 3½%, where it had stood since Oct. 16, to 3%,. Immediate results were a rise in Government bond prices, a falling off in several foreign exchanges. The former was taken to mean that the lower rate will aid the Treasury in its financing problems; the latter, that Europe's alarm over the dollar has died out. Swiss francs broke especially sharply, probably because much money sent to Switzerland for safety was now being recalled...