Word: loan
(lookup in dictionary)
(lookup stats)
Dates: during 1920-1929
Sort By: most recent first
(reverse)
...Labor party's attitude toward the communists has caused great dissatisfaction among the people, and the new government will refuse to carry out the negotations with Russia which the Laborites started. There will be no loan of any sort to Russia...
...very successful flotation of the German loan has indicated that subsequent foreign loans may fare well in U. S. financial centres, and the economic recovery of Europe be thereby hastened. There now remains the final hurdle of the presidential election, before the progress of U. S. business can be smooth or readily forecast. Most merchants, manufacturers and business men generally are engaged just now in "watchful waiting." The election of a conservative ticket seems assured-almost. Also, there is a growing realization that Congress will be a strange collection of partisan organizations and blocs, even if Mr. Coolidge rides alone...
Undoubtedly the financial "event" of the past week has been the long-awaited German external loan, $110,000,000 of which, bearing a 7% coupon, was offered for subscription at 92 by a huge syndicate headed by J. P. Morgan...
There had been considerable doubt as to just how the public would take a loan from a recent enemy nation. This was, however, entirely dissipated by the trend of events. The German loan "went across big." So thoroughly had the syndicate done its work, and so attractive did the offering appear to U. S. investors generally, that the issue was very heavily oversubscribed; and more bonds were demanded than were avail- able to deliver...
...German loan was at once listed on the New York Stock Exchange "when issued" ; that is, contracts could be made there which will be settled when the actual bonds, or temporary certificates for them, are printed and ready for distribution to buyers. Dealers who had already sold the bonds to customers, but found that owing to its over-subscription their allotments had been reduced so that they would not have enough to deliver to their customers, were compelled to buy those which they needed on the Exchange. On the other hand, a few speculators bought bonds, not intending to keep...