Word: kuhne
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Dates: during 1930-1939
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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...
...aplomb which never leaves Stanley Baldwin: "Mr. Morgan is an old personal friend of mine with whom I have stayed in New York. He always comes to see me when he is in this country. I hope he will continue to do so." Meanwhile New York Times Correspondent Ferdinand Kuhn Jr. cabled : "Persons who attended the royal garden party last week noticed the almost affectionate greetings that Mr. Morgan received from the King and Queen. He had waited patiently at the end of a long line of Dominion High Commissioners and minor officials, who filed quickly past with nothing more...
...time Pecoraman. Smart, he has hired Wall Streeters steeped in the lore of the tape to watch the ticker day in, day out for signs of manipulation. Whenever his tape readers smell a pool, squads of SEC investigators swarm into action. Technical Adviser Paul Gourrich was trained in Kuhn, Loeb...