Word: borrower
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Dates: during 1920-1929
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...Governors of the New York Stock Exchange have contended with these facts: 1) U. S. investors have more money than U. S. industries, railroads, public utilities and governmental subdivisions want to borrow or are willing to trade for stock shares. 2) In consequence U. S. investors have turned to foreign securities. Last year they bought $1,212,689,000 of foreign bonds. 3) The Exchange lists 76 foreign bond issues, worth $6,000,000,000 at par. 4) The Exchange lists 12,000,000 shares of 22 foreign stock issues only by subterfuge. New York state law forbids the Exchange...
...means if you have a friend with a ticket, borrow it; if you can't, try and get one at the box office...
...motor sent to fetch him into audience with the Bey of Tunis, who probably wants, as everyone else does, some of his power, his money. Little Ogle, spared only by a check for vulgar cinema rights from the humiliation of hav-ing to borrow like the rest, abjures highbrow writing and is grateful for Olivia Tinker's hand in marriage. Mme. Momoro, hav-ing acquired what a devoted mother-of-the-world could for her son, departs in gratitude for Paris...
...plants, of which the payrolls now total 25 millions per annum. I told them that I had just consented to spend two millions on my dry docks in Baltimore and had no single interest in the city to which I was not ready to devote every dollar I could borrow. I said that in ten years Baltimore would eclipse even Pittsburgh as a steel centre. 'Some of you,' I said, 'thought I was dreaming when I spoke in 1916 of our plans for Sparrows Point. You have seen them realized. . . . You will see this dream of mine...
Investment bankers know that there is hoarded U. S. money yearning to buy safe securities, and corporations who need to borrow are learning this situation also. Borrowers are willing to pay less interest than heretofore, while investors are willing to accept less. Thus last week Standard Oil of New Jersey through J. P. Morgan & Co. offered $120,000,000 of debenture bonds at 5%. Morgan's merely opened their books and snapped them shut, for $500,000,000 in subscriptions tumbled in. Immediately, Standard Oil of New York offered $50,000,000 debenture bonds at 4½% interest. Dillon...