Word: bonding
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Dates: during 1930-1939
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...this instance there is no question as to the moral character of the objects under consideration. They are denied admission on the sole ground that they do not completely meet . . . court decisions for works of art." Finally the Government allowed the sculptural abstractions to enter the country under bond...
...least $1,000,000,000 worth of new securities for the spring trade. Very little of this financial excitement reflected any desire on the part of businessmen to build new plants or buy new equipment. With a few exceptions such as the prospective $40,000,000 Jones & Laughlin bond issue, three-fourths of which will go into new steel mills, and the $10,000,000 of equipment trust certificates to be sold by two of U. S. Steel's railroad subsidiaries for the purchase of freight cars, the bulk of corporate financing is still refunding-swapping new money...
Last week New York Edison was able to market at par a $55,000,000 bond issue with a 3¼% coupon-an all-time record for long-term utility financing. More remarkable, Loew's Inc., financially strongest of U. S. cinema companies, but a cinema company after all, sold a $15,000,000 debenture issue maturing in ten years with a 3½% coupon. Part of the proceeds will be used to retire 6% debentures...
...Whopping bond issues already filed or under consideration include $60,000,000 for Shell Union Oil; $65,000,000 for National Dairy Products; $90,000,000 for Pacific Gas & Electric; $70,000,000 for Virginian Railway; $92,000,000 for Brooklyn-Manhattan Transit...
...year's turn, the net asset value of the 15 U. S. management trusts for which comparable figures are available stood 33% below the figure at the end of 1929. This was after adjustments for capital changes such as bond or stock retirements. During the same period the Standard Statistics stockmarket average, which includes 90 issues, showed a net decline of 36.9%. At first glance it would appear that investment trust managers did somewhat better than a blindfolded investor who picked his purchases by sticking a pin in the stock tables...