Word: dillon
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Dates: during 1940-1949
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...nimble way in which upstart Texas Eastern had jumped overnight into the first rank of U.S. public utilities impressed Wall Streeters. But what really made their eyes pop was the way Manhattan's Dillon, Read & Co. Inc. had handled the financing-and thereby reaped fat paper profits for itself and the promoters of Texas Eastern...
...Houston's shipyard-building brothers, George and Herman Brown (TIME, Feb. 24). They advanced some $250,000 (later repaid by the company) in the early stages of engineering, planning and bidding. When down payments totaling $5,100,000 had to be made to the War Assets Administration, Dillon, Read's help was sought. Dillon, Read & Co., with the Browns, et al, lent Texas Eastern $1,350,000 (which they have gotten back) and brought in Reginald Hargrove, a veteran United Gas Corp. executive. Among themselves the founders and Dillon, Read divided 150,000 shares of common stock. They...
...Next Dillon, Read raised $120 million by selling 3½% 15-year bonds to twelve of the nation's biggest insurance companies. Last week, Dillon, Read put on sale 3,564,000 additional shares of common stock at $9.50 each. The founders held on to their own 1,050,000 shares, which had cost them a little over 14? each. The new issue was quickly sold out. (The Browns themselves bought 100,000 shares.) Part of the proceeds of the stocks and bonds were used...
Crimson flares lit the way last night as the sixty-seventh Varsity football team retired into Dillon Field House in the traditional manner of the final home practice before Yale. Coach Harlow wound up the ceremonies on Cambridge soil by viewing his A, B, and C squads in turn as they ripped off ten fast plays apiece before retreating to the showers...
Double Time in Effect From the beginning of the afternoon (kickers and centers 2:30 o'clock; all others 3 o'clock) to the end (last man passed into the Dillon Feld House at 5:45 o'clock, players hustled, hustled, hustled and yelled inordinate encouragement to their teammates...