Word: defaulting
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Dates: during 1930-1939
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...another holding company, Chesapeake Corp., which owns 35% of C. & O. common stock. Guaranty Trust Co. has its hands on the elevator connecting all three because it has possession of Alleghany's 71% interest in Chesapeake Corp. as collateral on three bond issues now in technical default...
...Topeka & Santa Fe. Having lost $4,000,000 in the first two months of 1938, against a profit of $468,000 for the same period in 1937, the Santa Fe announced it would defer payment of 2% interest on its 4% adjustment mortgage bonds of 1995. This was no default because the interest is not due until November 1 and then only if earned, but the Santa Fe has made a practice of paying part of it on May 1. When last week it said it would fail to do so for the first time since 1896, the whole market...
...enemy Hungary, on the brink of famine, bought on credit 13,890 tons of flour from the U. S. Grain Corp. at a price of $1,685,000. Increased by the time it was funded in 1924 to $1,939,000 (including interest), Hungary's debt went into default with the War debts during the world crisis that provoked the Hoover Moratorium...
Four of the five bouts were won on default. Boulger and Witken in the 145-pound class, were the only fighters to see action...
Winning two bouts on default, the Leverett boxers won their match with Dunster yesterday, 3 1/2 to 1 1/2. Featured bout of the afternoon, was won by Landry, of Leverett, over Goodman...