Word: marketeers
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Dates: during 1930-1939
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...long since (1915) passed Webb Publishing Company to Mr. Klein and Albert H. Harmon. The new publisher is Mr. Harmon's only son, who has worked with his father since leaving Harvard in 1926. Mr. Klein's only son, Horace Dudley Klein, is in charge of market research for The Farmer. Fathers Harmon and Klein remain in control and the whole thing is pretty much a family affair. Of the 700 employes who work in the red-brick buildings which ramble over a St. Paul city block, one out of ten owns stock in the company...
...other ($48,-000,000 in Bethlehem Steel debentures) could be sold only at a loss of about $1,725,000 to the underwriters (TiME, Oct. 18). Since then by conservative estimate $150,000,000 in new financing has been held back in hope of a better market. Last week, just as bank officials were bemoaning the situation, came evidence that a better market-not perhaps for common stock but at least for bonds-might...
Last fall Consolidated Edison Co. of New York pondered selling some $80,000,000 in securities, part new money, part refunding. These plans were curtailed by market conditions, but last week hard-headed Morgan Stanley & Co. decided to test the temperature of financial waters with a $30,000,000 issue of Consolidated Edison debentures. Morgan Stanley is the underwriting offshoot of J. P. Morgan & Co. and any work that is done in its chaste Georgian office is pretty sure to be well done. Last week proved no exception. Issued at 101¼, the bonds promptly went to a premium...
...Barit's action was certainly not the familiar automotive stunt of changing a few gadgets as an excuse for lowering a car's price. The Hudson 112 is a bona fide new car. Nonetheless motormen generally regarded it as primarily an attempt to snare a market which has balked at high prices. How successful it will be remains to be seen, but last week it had President Roosevelt's blessing...
Deprived of their international market by crop reduction, "the new isolated farmers will be very impoverished unless they turn to Fascism and wreck the country in order to get their relative position back," he said...