Word: bonding
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Dates: during 1930-1939
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...Communists, Socialists and Radical-Socialists take a confident view of themselves as much holier than Mammon, and Finance Minister Auriol has a habit of alternating blandishments and threats to thrifty Frenchmen who< are comfortably off. Only a few months ago M. Auriol tricked investors by bringing out a "baby bond issue" with gushing Socialist appeals to French proletarians to buy, then devalued the franc in which these bonds are repayable 40% (TIME, Oct. 5). By last week the upping of wages and shortening of hours under the Blum deal had so greatly raised French costs that many a French exporter...
...Jones averages record that on Dec. 12, 1936 the price of bonds reached the highest level in U. S. history. On that day the averages went above 106, which was more than 40 points above the Depression low. Failing to break its previous mark in a January rally, the bond market has been headed steadily downward ever since. After a wide-open break in Government issues last week there were few who dared predict that bond prices would better their old highs during the life of the present business cycle...
...Bonds had been soft all week before the deluge of selling orders hit the Government bond section of the New York Stock Exchange. Most of the business in Government bonds is normally done over-the-counter by big dealers, and $10,000,000 worth of trading in Governments on the Stock Exchange is considered a boom day. Last week in what was a grey if not a black Friday the Exchange volume mounted to $23,450,000, biggest day in 16 years...
...favorite was Consolidated Gas, followed by Electric Bond & Share and American Telephone & Telegraph Co. All these have since disappeared from the list, which is now led by General Motors, International Nickel and Chrysler. *So urgent is its rearmament program that Britain last week halved its 20% duty on steel, abolished its duty on iron...
...Scot with a rich brogue. Elias, who has never written a newspaper story in his life, is the firm's financial spearhead. His wealth is impossible to gauge for he never publishes a financial statement. Odhams ranks so high, however, that when Elias put out a big bond issue last year is was oversubscribed in five minutes...