Word: par
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Dates: during 1940-1949
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Last week, with its second full-length feature, Pinocchio, ready for a nationwide Easter Week opening, Walt Disney Productions applied to SEC for permission to sell 155,000 shares of $25 par, 6% cumulative convertible preferred stock. Purpose of the $3,875,000 offering: to pay off bank loans incurred in building the company's new studio at Burbank, Calif., and to provide working capital for four more features now in production: Bambi, Wind in the Willows, Peter Pan, Fantasia...
...issued at par March 12, the bonds are redeemable at par Oct. 15, 1959, with a Treasury option to call them for redemption any time after Oct. 15, 1955. The Chancellor is so sure the whole issue will be snapped up at once that he told the House his Treasury books will be open for subscriptions for only 24 hours, and no one person will be permitted to buy more than ?1,000 ($4,000) worth...
...keep pace with February production of 409,667 cars and trucks (down 12.6% from 1939 peak). By March 1 dealers had over 460,000 cars on their floors, and at the current rate may have nearly 550,000 units on hand April 1 (400,000 is considered about par for that date...
...only two results: White Russians everywhere lifted champagne to their lips and drank to the challenge, and in Paris last week the price of pre-Soviet Russian bonds jumped 300% in value-from 5.6? to 20?. They still had quite a way to go to reach their pre-Soviet par value...
...Lakewood Country Club's 18th green to watch the tournament's final putts. Hovering over their balls were U. S. Open Champion Byron Nelson and smiling Jimmy Demaret. Nelson was away. He tapped his ball, sent it into the cup for a birdie 3, a two-under-par 69 and a 54-hole total of 212. Demaret had to sink his four-foot putt to win the tournament...