Word: gilts
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...successful sale of $1,500,000,000 in 2½% Treasury bonds, biggest new money offering since World War I's Liberty Loan drives. Like all Government issues, the new bonds were offered at 100. But the issue's high yield and the shortage of other gilt-edged offerings pushed the bonds 3⅜ points higher within an hour after formal offering. Even when the free riders (persons buying only for quick profit) unloaded, the bonds held firm, dipped only 5/6 point...
...point underscored by A.T. & T.'s bidfest; since insurance companies and banks are the only big outlets for gilt-edged issues anyway, the real field for underwriters is to sell securities that require distributing talent. Said one outspoken syndicate member after the bidding: "I'm glad we lost it-there isn't any money in those deals for us, and there's no reason why there should...
...Manila went 238 gilt jeweled watches (value: $3,022), 46 gold jeweled watches (value: $2,504), serum blood grouping, parts for pyrometer equipment, examination papers, 826 feet of motion-picture film, fountain pens and pencils, TIME magazine, shoe-machine awls and needles, Leghorn hatching eggs (to improve the island strain), two surgical stockings, orchids, many another item...
...Cary Grant, in Mexico City: "The weather is fine and the scenery wonderful." Promptly the Woolworth heiress flew to the border, set off Mexico Citywards in an air-conditioned limousine with a friend, a chauffeur, a maid, a bodyguard. Her agent announced: "It is not an elopement." ∙ ∙ Gilt-haired Evangelist A'imee Semple McPherson, thrice-married, twice-divorced, approved a new bylaw adopted by her International Church of the Four Square Gospel. It prohibits a divorced minister from remarrying. ∙ ∙ Oldtime Cinemactress Constance Binney, 40, revealed she had been secretly married for nearly a month...
...Good Neighbors shows (10:30 p.m. Thursday, E.D.S.T.) threw in Dr. Frank Black and his 60-piece orchestra, a troop of some 20 actors and the gilt-edged intonings of Announcer Milton Cross. It will broadcast from Manhattan with appropriate guest diplomats on duty in Washington, and every week the program will be tailored to a different Latin-American country...