Word: portfolios
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Premier decided to take on the Foreign Affairs portfolio himself for the time being, quickly appointed as new Ambassador to the U. S. his Vice Minister for Foreign Affairs, 52-year-old Kensuke Horinouchi, a cultured, urbane globe trotter with 27 years of diplomatic life behind him. No stranger to the U. S., Ambassador Horinouchi served as counselor to the embassy in Washington in 1930 and as consul general in New York...
...almost equally taciturn Henry Atherton. Since then Allied has revealed what proportion of its income comes from the chemicals it makes, what from investments, has gradually expanded its annual statements. Last week it finally revealed most of the miscellaneous securities the great chemical firm has in the mysterious investment portfolio, which in the happy days of 1929 used to be regarded by speculators as a pot of gold at the end of a rainbow...
...anyone used to know about Allied's portfolio was its total ($92,000,000 in 1932). Because there were accepted rumors that it was composed of nothing but blue chips. Wall Street was horrified when Orlando Weber was badgered five years ago into admitting that the biggest single holding listed as an asset was really a liability - $31,000,000 of Allied's own stock...
...only because of sudden market upsets. A good U. S. example was last fall's Pure Oil issue, a sound enough investment which failed to sell because of a market crash. If its underwriters had been an investment trust they could have added the unsold bonds to their portfolio, thus saving their own skins and not impairing the investment trust...
...looking for a way out. To its stockholders. President George H. Howard sent a letter proposing to write off as market losses $434,130,478 of its $580,049,445 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...