Word: parred
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Dates: during 1930-1939
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...Marion Hollins with a perfect iron shot at the 17th and another on the 19th. Her match against Enid Wilson was close but not quite so exciting. Helen Hicks got the sovereign on the 17th green, played out the bye hole for a 79-two under women's par...
Founder Giannini likewise denounced the dividend omission, the writedowns, the plans to sell the banks. As usual he spoke of "enemies" who wanted Bank of America for their own purposes. He also charged that when (last June) Transamerica's stock was made of no par value Mr. Walker had made use of proxies not granted to him for this purpose. In San Francisco a stockholders protective committee was formed, and while Founder Giannini denied he had started it he talked of throwing his "full force" behind it. But observers saw little chance of a proxy battle. While the protective...
...pound back on a gold basis. It had fallen as low as $3.15 in December 1921. If Britain's international banking was to resume shop, the pound had to be restored to its old value ($4.8665) to protect British foreign investments. So the pound was forced to par. Interest rates at London were fixed high to attract foreign deposits. A $200,000,000 credit was obtained in New York. It was never used. Britain's sheer determination to restore sterling's prestige was a chief factor in doing so. Par was reached when the Treasury contracted...
...Belgian government bonds are selling above par. Savings bank deposits are increasing yearly. The Belgian bank discount rate is 2¼% as compared with 8% for Germany, 4¼% for Britain. Exports almost equal imports. There are only 62,000 unemployed. Antwerp shipping increases yearly, and the city's skyline, almost unchanged since the days of Pieter Breughel and Jan van Eyck, is now stabbed by an up-to-date portentous 20-story skyscraper. The gold coverage of Belgian banknotes is at the proud level...
...pages in July 1930, it caused a sensation both by its purpose and its method. Mr. Hearst was not only selling the public a share in some of his publications but was selling it direct, without benefit of bankers. Two million shares of non-voting 7% "A" stock ($25 par) were placed on sale at Hearst publication offices. A few banks handled the stock, but only as agents, not underwriters. Of these 2,000,000 shares, only some 775,000 or $19,395,000 worth had been sold by May 20, 1931, a fact which made many an investment banker...