Word: floats
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Hundreds of model airplanes will float over the Business School field Sunday as members of the New England Model Junior Aviator's League strive for prizes from 2 to 6 o'clock...
Five thousand balloons will float to the floor of the Union at three o'clock tomorrow morning to end the 1941 Jubilee, the Yardling's last and biggest class function before they leave the Yard and go their divers ways as Sophomores...
Underwriting. SEC last week announced that registration of new securities in the first quarter of 1938 set a three-year low of $355,819,000. In Wall Street it was considered quite a feat that a banking syndicate headed by Morgan Stanley & Co. managed to float successfully a $60,000,000 refunding for Consolidated Edison Co. of New York. Thus underscored still again was the almost complete stagnation of U. S. money markets which has existed for the last six months. Financiers are agreed that needed expansion of industry cannot occur until this stagnation is ended. But underwriters generally...
...such highly technical inflationary devices as desterilizing the $1,392,000,000 gold the Treasury has been hoarding for over a year and lowering bank reserve requirements. Closer to home so far as the average businessman is concerned were two other changes in policy: 1) to help small enterprises float security issues, SEC eased registration requirements for issues of $100,000 or less, reduced the amount of information necessary in small registrations; 2) to aid businesses which are unable to get credit under existing banking rules, Franklin Roosevelt signed the Glass Bill permitting RFC to make...
...fixed charges" and still make a worth while commission on the deal. Fixed charges in underwriting are legal fees, accountant fees and cuts to dealers. To gross $50,000, which investment bankers generally consider minimum per deal, the banker would have to charge an exorbitant commission to float a small issue. Said Mr. Vass: "The banker can afford to charge but 2% or 3% on the sale of a $10,000,000 or $20,000,000 issue, while he must charge, say, 8% or 10% on an issue...