Word: consortium
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Dates: during 1930-1939
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After all only $32,000,000 was loaned to Germany last week, at 6½%. England, Holland, Switzerland, Sweden and the U. S. participated with Goodwill Lender France. Manhattan's Lee, Higginson & Co. head the loaning consortium. Jewish éclat is furnished notably by Mendelssohn & Co. of Amsterdam, N. M. Rothschild & Sons...
...issues to be dealt with after certain political prerequisites have been fulfilled." The German Government considers economic issues paramount, holds that "it remains the task of Governments to bring their joint economic policies into harmony." Clearly the German reply harked back to the original idea of an European tariff consortium...
...Consortium. Only fragments concerning the Consortium have been made public, but much has been deduced, much learned from "high authority...
...fund" is generally accepted as having been $250,000,000. The following is the unofficial description of the Consortium's story. Upon the first day (Oct. 24), it bought all stocks where no bids were present to meet large blocks for sale. Such a case was duPont, which after selling above $100, was suddenly faced with an offer of 20,000 shares at the market. These were bought by the Consortium at $80. The next sale was above $100 again. But after the first day, it became apparent to the Consortium that such a policy gave them...
Judging from the date of its last meeting, the Consortium stopped buying on Nov. 13. As far as can be discerned, its last share of stock was sold...