Word: sabin
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Charles H. Sabin, Manhattan banker...
Were a caricaturist to sketch a situation that last week developed on the U. S. investment scene, he might show President E. H. H. Simmons of New York Stock Exchange as a headwaiter of a crowded restaurant, and Chairman Charles Hamilton Sabin of the Guaranty Co. as a caterer serving with his own hands a new dish to his gabbling, gobbling customers...
...Simmons as head of the Exchange suddenly announced the listing of the Kingdom of Great Britain & Northern Ireland 4% bonds and Mr. Sabin's investment company was already prepared to sell ?2,000,000 ($10,000,000) worth. Buyers demanded more than the Guaranty Co. had to sell. But ?386,777,664 ($1,933,888,000) more of the same issue have already been sold by the British government and conceivably, but not probably, U. S. investors may freely trade in them through the new permission of the New York Stock Exchange...
Another result is the further enhancement of Mr. Sabin's prestige in international finance. His handling of one-half of one per cent of the British & North Irish issue was as weighty as Albert Henry Wiggin's deal the week before. Mr. Wiggin's Chase Securities Corp. formed the $10,000,000 Finance Company of great Britain and America Ltd. with Sir Alfred Moritz Mond's Imperial Chemical Industries (TIME, April 23). Both transactions enable U. S. capital to flow to England, and thence farther afield...
...Haven, Sabin Carr of Yale and Dubuque, Iowa, holder of the world's pole-vault record, failed to jump 14 feet...