Word: kuhn
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...Edward B. Smith & Co., Kidder, Peabody & Co., Brown Harriman & Co., First Boston Corp. head the important syndicate lists today. But one thing is certain: not the least banking province will have as its capital the dark, narrow building at Manhattan's No. 52 William Street-the House of Kuhn, Loeb...
Unlike its old rival at No. 23 Wall, Kuhn, Loeb elected to stay in the securities trade, abandoning its deposits. Traditionally railroad bankers, Kuhn, Loeb has lately widened its industrial friendships, particularly in the steel industry. Inland Steel and Youngstown Sheet & Tube have long been clients, and last year the firm assisted President Tom Mercer Girdler with his Republic Steel merger plans. Last week Kuhn, Loeb was preparing to market $50,000,000 of bonds for Ernest Tener Weir's National Steel-a big industrial issue even in Kuhn, Loeb's long records...
...nearly $40,000,000 of borrowed money when he could pay 4%. Moreover, he was planning for his Detroit plant a new wide strip sheet mill, which is an appallingly expensive aggregation of machinery. Upshot was that by December Steelman Weir and his two top executives frequently darkened the Kuhn, Loeb doors. With some inaccuracy, they were called "the three wisemen of Weirton...
...President Fink who best knew the creaking old elevators at No. 52 William Street. Kuhn, Loeb & Co. had helped Mr. Fink build his strategic plant in a bottomless swamp on the Detroit River, thereby confounding more orthodox steelmen who for more than engineering reasons freely predicted that his mills would sink out of sight. When Mr. Fink called with his friends last autumn, the Kuhn, Loeb doors were open. Inside, the triumvirate was greeted by Partner Lewis Lichtenstein Strauss (pronounced straws), who is something of an authority on the steel industry and the specialist- insofar as Kuhn, Loeb has specialists...
...where his father was a merchant, Partner Strauss was an aide-de-camp to Herbert Hoover in France and Belgium during the War. What is more he is still a stanch Hoover friend and admirer. The late Mortimer Schiff met Mr. Strauss in Paris, asked him to work for Kuhn, Loeb. He was made a partner in 1929 at the age of 33. Like many a past Kuhn, Loeb partner who was not the son of a partner, Partner Strauss married a partner's daughter-in this case Jerome Hanauer's Alice...