Word: underwritten
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...domestic fine chemical industry, the next 15 buying plants at home and abroad to consolidate a respectable position in the heavy chemical industry. For another $6,000,000 worth of expansion Monsanto last week prepared to offer its stockholders 101,310 shares of new stock at $60 a share. Underwritten by Edward B. Smith & Co., the offer will probably be snapped up, since even after a 19-point drop from its year's high, Monsanto stock is currently selling...
Cans & Cash. Stockholders in Carle Cotter Conway's Continental Can Co. were last week offered a chance to buy Continental Can stock at $60 a share, about $20 under the market price. Holders can buy one new share for each 15 shares now held. To be underwritten by a banking group headed by Goldman, Sachs & Co., the offering is one of the few big bids for fresh capital made in the past five years, will supply Continental Can with $10,660,000 of new cash. The company also plans to sell another 75,000 shares to employes...
...generators and thousands of tons of supplies were dragged in by horse, barge, tractor and sledge. But by 1930 Flin Flon was nearing its present population of 5,000, and the mine was ready for operation. In that year another $5,000,000 was raised by a bond issue underwritten by J. P. Morgan & Co. Last week as a preliminary to the payment of dividends, the last of that bond issue was paid off 100? on the dollar. No sooner had ore shipments started in 1930 than the prices of copper and zinc, Hudson Bay's principal products, began...
...Underwritten by Lehman Brothers, Field, Glore & Co., Hayden, Stone & Co. and Goldman, Sachs & Co., the offering to old stockholders will provide $5,500,000 in cash for the Studebaker treasury. The bonds pay a nominal 6% but until 1938 only 3% is a fixed obligation, the balance accruing if not earned...
...people had visited its exhibit alone.* It was estimated that $700,000,000 was poured into the Chicago market by 15,000,000 out-of-towners. More amazing was the financial success of the Fair itself. All but $600,000 of $10,000,000 of the bonds underwritten by big Chicago businessmen had been paid off. And the salvage from demolition was expected to make up that deficit...