Word: sales
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Dates: during 1930-1939
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...Began an investigation of the investment policies of insurance companies. By the Securities Act of 1933, new security issues must be registered with SEC before sale unless the entire issue is to be sold to one buyer. With their huge cash resources, insurance companies habitually buy entire issues. Investment bankers estimate the total of such purchases as high as $1,500,000,000 a year. SEC Chairman William O. Douglas last week commented that this gave "insurance companies a preferred status over other investors." As a part of the current Monopoly Investigation, SEC will study the subject...
...those it has over interstate transmission of electricity. Last week FPC started a broad investigation of the whole field, filed preliminary rules & regulations for the industry effective July n, ordered the filing by all natural gas companies of rates, charges, contracts and agreements for the interstate transport and sale of natural...
...methods of finance capitalism, the business policies of companies may be warped by forces remote," he cites the participation of National City Bank and Anaconda Copper Mining Co. in the famed campaign to peg copper prices artificially high in the late 1920s in order to grab extra profits from sale of securities. Inevitable result was chaos in the industry and the price broke from...
...book assets. Announced purpose: to permit the resumption of dividends on United's preferred stock based on the portfolio as revalued by the state of the market last December 31. But President Howard admitted that if stock-holders agreed, the way would then be cleared for sale of enough of United's holdings to reduce its control of any affiliate to less than 10%.* This would automatically change it by the terms of the Public Utility Act from a holding company to an investment trust and SEC no longer could rule its investment policy...
...favorite outsells the headliner of Boston, Chicago, Los Angeles, Cleveland, Pittsburgh and San Francisco combined. Thus a new novel like Howard Spring's My Son, My Son!, now leading the field in New York City, has just begun to sell in the West and South, although its total sale of 12,000 copies last month puts it ahead of the most popular books of those regions. Surprisingly The Importance of Living was selling widely in the country at large, while its New York City sales held...