Word: kuhn
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...interest the company offered. This time he did make a test case. got his name and picture in the papers throughout the country as the U. S. Supreme Court pondered the "Gold Clause" (TIME, Jan. 21). Later he vainly tried to prevent Republic Steel Corp. from giving Kuhn, Loeb and Field. Glore 50,000 shares of Republic in return for floating a $24,000,000 issue of Republic bonds. Next he turned up in the tangled affairs of Harley Clarke's Pusco [Public Utilities Securities Corp.), brought a receivership suit against the company, tried to keep RFC from voting...
...construction of the new library was directed by Charles L. Kuhn '28, Curator of the Museum, and Rogers B. Johnson '17, Superintendent of the Maintenance Department. Funds were taken from the money saved over a period of years from endowment interest...
Triumphant to London. Morning after Sir Samuel Hoare's maiden League speech, New York Times Correspondent Ferdinand Kuhn Jr. cabled impartially from London: "If the free newspapers of this country were controlled and edited by a dictatorship they could hardly have been more unanimous in their approval." Everyone agreed that the new Foreign Secretary had struck exactly the right note? the British note. "Without doubt," pontificated the London Times, "he has succeeded in expressing the views not only of the government but of the country as a whole...
...bonds on a straight commission basis. Total selling cost for Swift & Co. was $172,000. Last week Salomon Brothers & Hutzler again startled their fellow bankers by selling $50,000,000 of 3½% Socony-Vacuum Corp. bonds for a commission of four-tenths of 1% or $200,000. Fortnight before, Kuhn, Loeb underwrote a $50,000,000 Pennsylvania Co. issue for 2 ½%?a relatively low "spread" for underwriting. Total cost...
...marketing costs of various issues are not strictly comparable. One issue may be hard to sell, another easy, depending on the corporation's credit. An underwriter like Kuhn, Loeb may pay some of the legal and accounting fees involved in preparing an issue or may have spent months advising the company on a comprehensive financial program of which the bonds are only a part. But in the present money market it is clearly cheaper for super-solvent corporations to use a selling agent on commission...