Word: redeem
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Dates: during 1920-1929
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Bonds v. Stocks. Increasingly, finance committees of "big" U. S. corporations have voted to redeem bonds, issue additional common stock. One obvious and bullish reason might be to reduce annual fixed interest charges. Another reason, less obvious and less bullish, might be a desire to take precautions against hard times ahead. Should the U. S. find itself, in 1935 or 1940, in a general business depression, corporations would be glad of flexible capital structures. No such bearish suggestions, however, accompanied these developments...
...Steel directors last fortnight proposed an increase in common stock from some 7,500,000 to 12,500,000, to redeem all bonds of the company...
...Freshman will bring to a close a mediocre season which includes a trouncing by Yale Freshman. Tonight however, it is expected that they will partially redeem themselves with a victory at the expense of the Battery A team...
...April 15, stockholders would be asked to approve an increase in authorized common stock from some 7,500,000 to 12,500,000, thereby potentially capitalizing the company at $1,250,000,000. From new stock to be issued at terms to be fixed, cash will be received to redeem all the bonds of the parent company. Thus Steel common becomes "as good as a bond," which was the astoundingly imaginative ambition of Steel's Creator Morgan...
...been handicapped by the absence from its lineup of O'Connell, who was injured in Monday's game with Lowell Textile Institute. He is to play in the contest tonight, and with this fact reinforcing their determination, the Harvard men are set on gaining a victory in order to redeem themselves for defeats suffered during the last week at the hands of Dartmouth and the Massachusetts Agricultural College...