Word: bondsalesmen
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Dates: during 1932-1932
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...physical activity in Wall Street, no matter how trivial, is sure to make runners, clerks, bondsalesmen et al. stop and gape. Large groups often gather about a man sawing a board. Last week when truckmen began to unload 60-lb. cases, neatly wrapped in matting, before the House of Morgan, the usual crowd swelled to near-riot proportions. Though the cases were plainly labeled "BLACK TEA-Product of China. Foochow, China," reports quickly spread that J. P. Morgan & Co. had received a huge shipment of gold from the Orient. Guards when questioned muttered: "We don't know nothing...
...Bondsalesmen last week stopped twiddling their thumbs and began to telephone clients.* Bankers had decided to "test the market" by offering three large utility issues. Each of the issues ($30.000,000 in Consolidated Gas Co., $10,000,000 in Brooklyn Union Gas Co., $25,000,000 in Edison Electric Illuminating Co. of Boston) sold well. An offering of $7,500,000 in Connecticut Light & Power followed quickly. But some observers were prone to temper their optimism. Edison Electric will not need the new funds until October when a $20,000,000 note issue matures. It seemed that the company...
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