Word: invest
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Dates: during 1940-1949
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...money. But he did not want to pay the underwriter's fee for selling the stock, roughly $1,000,000 on a $25,000,000 issue. So he sat down with his old friend, Floyd B. Odium, boss of risk-taking Atlas Corp., who has long hankered to invest more of his corporation's idle cash in airlines. They worked out an unorthodox deal by which 1) Trippe will get his $25,000,000; 2) Odium will get his chance to invest-but no underwriter...
...narrowly. Mr. Field, admitting that "it will be entirely new to me [but] very interesting," continued to confer determinedly with an attentive Simon & Schuster. By week's end Wall Street money, betting on a first-class postwar fight, was busily calling on all the parties concerned, hoping to invest in a winner...
...sells non-Government securities to buy war bonds,† The securities are bought, in turn, by a second person, who sometimes sells Government securities to get the money with which to buy. The banks in their turn, buy these-just as they buy other Government securities in order to invest their idle funds. Thus this sort of "sale" of war bonds is a triangular bookkeeping transaction rather than any sponging up of inflationary cash; and it circumvents entirely Mr. Morgenthau's intention that the little man's spending money, along with business' excess funds, should be drained...
...cages of the First International Bank (deposits: $1,397,916.66) were so crowded that Cashier O. N. Stenehjem greeted depositors at his own desk. Said he: "Our main trouble is finding a place fo invest all this money...
...Sturges will be, in effect, executive producer. Henry Henigson, an old Sturges associate, will be general manager. Ernest Laemmle, former Sturges aid at Paramount, will be story editor. The corporation will invest young writers, directors and producers (still unnamed) with full authority, will urge them to act on their own initiative...