Word: kuhne
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Dates: during 1930-1939
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...because its management had been tempted to speculate in real estate as a sideline. Another was Associated Telephone Utilities, which I. C. C. Commissioner Splawn lately held up to Congress as a horrible example of inflated capitalization. Paramount Publix, once believed to be so conservatively managed that Kuhn, Loeb gladly underwrote its bonds, was in line early. Innocent-looking contracts to repurchase its own stock at $80 per share had tripped Paramount. Disgruntled bondholders grabbed at a new means to throw Associated Gas & Electric into the courts. Others include National Department Stores, Roxy Theatre Corp., Hamilton...
...last week most other Wall Street banking houses had also made their choice under the new law. Kuhn, Loeb was understood to have selected securities. Firms like Kidder, Peabody; Lehman Brothers; Goldman, Sachs; Spencer Trask; 00 J. & W. Seligman, which accepted deposits largely as an accommodation lor their investing clients, will also continue as brokers, dealers and underwriters. A. Iselin & Co. and Heidelbach, Ickelheimer & Co. preferred to retain their large foreign banking businesses...
...believe it, send for a copy of our United Aircraft letter to Senators"-J. P. Morgan & Co. "WTe take pleasure in announcing that we have completed arrangements with Adrian H. Muller & Son [securities auc-tioneers] to handle the markets on all of our underwritings"-Kuhn, Loeb...
...scheme's simplicity. Since BMT operates wholly within New York City its bonds were exempt from registration unless they were to be sold in interstate commerce. Normally an $8,000,000 bond issue is distributed throughout the land, but Chairman Dahl and his bankers-Hayden, Stone; Kuhn, Loeb; Lehman Brothers; J. & W. Seiigman-decided to sell BMT bonds only to bona fide residents of New York State. Though use of the mails is permitted in connection with the intrastate sale of unregistered securities. Chairman Dahl and friends took no chances. No advertisements were to be published, no prospectuses prepared...
Married. Edith Baker, 20, daughter of Banker George Fisher Baker (First National); and John Mortimer Schiff, 29, only son of the late Mortimer Leo Schiff (Kuhn, Loeb); in Manhattan (TIME, March...