Word: sec
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Even the loyal hardboots were flabbergasted. The Wright colt not only finished eight lengths in front, but ran the mile and a quarter in 2 min., 2/5 sec. (the last quarter in 24 seconds flat). It was 1/5 of a second faster than the Kentucky Derby record set by Twenty Grand just ten years ago. Said Jockey Arcaro, grinning from ear to ear: "He's the runnin'est horse I ever rode...
Defending these changes, the five ma jority members of FCC, dominated by tall, ambitious Chairman James Lawrence Fly, onetime TVA general counsel and seasoned New Dealer, talked straight antimonopoly language like that familiar around SEC, TNEC, and the Justice Department. His report rejected the alternatives of Government ownership and rigid utility-style regulation. Said the report: "Competition, given a fair test, will best protect the public interest. That is the American system." And it added: "We doubt that the networks have so little faith in the stability of their own enterprise as is suggested by their insistence that the whole...
...second thought, Jesse's plan struck Wall Street as much less alarming. What he had really offered was to backstop SEC with RFC cash if the former gets into trouble enforcing its new competitive bidding rule. Issues involving $100,000,000 or more may prove too big for competing syndicates to tackle, and that is where RFC will step into the picture. Right now there is a case in point: Columbia Gas & Electric's $120,000,000 issue, for which not even Halsey, Stuart has been able to get together a syndicate...
...Williams' North American Co. bowed to the Holding Company Act death sentence, announced plans to sell out all its utility holdings and use the proceeds to go into the investment business. This will make far & away the largest pot of capital in the U.S. unregulated by anything except SEC's truth-insecurities and anti-manipulation acts. It will leave North American 18 times as much capital as potent Morgan Stanley...
...President Edward L. Shea said in announcing North American's decision, the price it gets for its holdings will depend on how soon SEC makes him sell out, on what kind of market exists during this period, on how closely SEC regulates his liquidating sales. But there is no question that the company has plenty of value. It is the richest of the big utility systems. It is also one of the few with sizable earnings for its common stock ($1.92 a share in 1930). Its holdings (like Detroit Edison and Pacific Gas & Electric) are among the best...