Word: bond
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Dates: during 1920-1929
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...located at Cleveland, its products sell from $1,545 to $8,000. The headquarters of the Coca-Cola Co. are in Atlanta, Ga., its products sell from 5? to 10?. Yet these two $50,000,000 companies have long had something in common and last week that bond was strengthened...
...companies owns a 13% interest in the other, besides having an agreement to give it financial service, a merger in which the first company offers to acquire the remaining stock of the second is not astounding news. Last week this condition occurred when Sidney Zollicoffer Mitchell's Electric Bond and Share Co. offered to exchange its stock for Electric Investors, Inc. While Electric Investors, Inc. is a strict holding company with 87% of its investments in utilities, Electric Bond and Share Co. has much wider interests. Besides holding stocks of other companies, Bond and Share renders financial and operative...
Harris, Forbes & Co. began in 1882 as N. W. Harris & Co. At that time Founder Norman Wait Harris had an office on Chicago's Clark St., three employes and $30,000. But he also had two ideas. First idea was to send salesmen out to sell bonds. In 1882 such procedure was regarded as undignified; Mr. Harris and his men were termed doorbell ringers. But Mr. Harris knew that he, small, new, obscure, would never prosper by waiting for investors to call upon him, so he rang the doorbells, sold the bonds, became ancestor of all bond salesmen since...
Second idea was to specialize in municipal bonds. In 1867 Mr. Harris had traveled through the south and west, had seen countless small but growing towns and cities. Farsighted, he looked ahead, saw the school houses, water works, roads, bridges, sewage plants and other public works of the future. Shrewd, he saw also the billions of dollars in bond issues that these communities would need. "I did not tell even my brother my estimates," he once said, "for fear he would think I was out of my head...
...Admiralty, asked First Lord Albert Victor Alexander to step over. When he came and approved the Hoover offer Scot MacDonald hesitated no longer. For more than a month he had been unable to say definitely whether or not he would visit President Hoover in Washington to cement the naval bond. Now correspondents were called in, were told that when the Berengaria noses out of Southampton on Sept. 28 she will carry apple-cheeked Miss Ishbel MacDonald and her potent sire...