Word: floated
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Dates: during 1950-1959
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...should boost its rates more in line with the market level. While some financial men fear that such a move would demoralize the entire Government bond market by depressing lower-paying issues, others argue that the Treasury needs strong medicine to solve its problems. Still another idea is to float a convertible bond. The U.S. Treasury could issue a convertible bond at 4% interest, for example, give investors the option of either cashing it in after one year, or of converting it into a longterm, twelve-year bond paying 4%. Thus investors would have an incentive to buy, since...
...movie's individuals are seen microscopically as mere cells of the whole. The problem is to drag, float and worry The Gun (recast from C. S. Forester's novel of that name) halfway across Spain to the walled city of Avila. The year is 1810. The objective: to bring down the wall, storm the breach and recapture Avila from the headquarters garrison...
Measuring deep ocean currents was almost impossible until Britain's Dr. John Crossley Swallow developed a "float" (it sinks). Made of strong aluminum tubing closed at the ends, it is carefully weighted so that it barely sinks in sea water. As the depth increases, pressure makes the water heavier. The aluminum tubes resist the pressure better than the water does, so eventually the float stops sinking. It will hang at any desired level while a battery-powered transmitter sends ultrasonic beeps that carry for miles...
...Behns with a $122 million debt. Like a nine-lived cat, I.T. & T. was saved when the U.S. went off the gold standard, raising the value of foreign money. Sosthenes worked his way out of the hole (minus Hernand who died in 1933) by getting foreign subsidiaries to float local bond issues, boosting the parent company's U.S. credit. But no sooner was he solvent again than European upheavals put him right back in trouble...
Another major public financing got started last week. In St. Louis, Southwestern Bell Telephone Co.'s board voted to float $100 million in new debentures to help pay for its fiveyear, $1,125,000,000 expansion program. If stockholders and the Securities and Exchange Commission approve, the issue will...