Word: market
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Dates: during 1930-1939
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...week, U. S. manufacturers of office equipment, electrical appliances, tractors, oil pumps, leather goods, silk hosiery charted plans to benefit by the most favorable concessions in the pacts. Automobile manufacturers, although disappointed at not getting duty concessions, thought that gains for U. S. farmers might mean an improved domestic market for motors...
...sides $150,000 worth of Class A preferred stock, Ben Katz last week decided to pay off Gruen's remaining $839,000 of Class A and B preferred by issuing new common stock. With a 1938 sales record that equals last year's, and with the market in the mood for new financing, he hopes to sell 150,000 shares at a price that will get the funded debt out of the way and put new working capital in the till. President Katz expects his firm to resume paying dividends next year...
...blast through 1940, Glenn Martin decided he needed more money for working capital and expansion. He will offer to stockholders in the ratio of one new share for each six now held 156,000 shares of Glenn L. Martin Co. common at $20 a share (last week's market price: $33). It will be the first new financing by an important aviation company since Boeing raised $3,789,600 in June 1937. Rearmament-conscious Wall Street thought other cash-shy aircraft manufacturers might follow the Martin lead...
...took refuge under section 77 of the Bankruptcy Act. Steered by Chairman Kenneth David Steere, who as a partner of Paine, Webber & Co. handled many a market operation for the Vans, it presently submitted a reorganization plan which, while suggesting a substantial write-down of the common stock, nonetheless left C. & O. with an estimated 19.1% of voting power. Last week ICC cut this to 12.4% and, as it had lately done with Chicago Great Western and Western Pacific, rammed home the point that rail-road reorganization, new style, means completely wiping out the equity of common stockholders...
Nobody was surprised that markets should shoot off some fireworks after the first notable Republican success in eight years. But capitalistic exuberance was not solely responsible. Last week's market rise began before the voting, was stimulated by good business news on every side. Samples...