Word: bond
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...immediate cause of the failure was the road's inability to meet some $48,000,000 of its 4% bonds due June 1 this year. All winter, conferences have been held, but the road's bankers, led by Jerome J. Hanauer of Kuhn, Loeb & Co. and President Charles E. Mitchell of the National City Bank, Manhattan, evidently refused to float a new refunding loan. In this they were no doubt quite justified, since such a loan could not have been placed below 6%, even if at that figure: and since, on that basis, about $1,000,000 additional fixed charges...
...Bond Between Alumni and College...
...Canadian transcontinental lines and shipping lines through the Panama Canal. The northwest territory is overbuilt with railroads in proportion to its traffic needs; and St. Paul, as the latest comer, has fared worst in competition. President Harry E. Byram naturally is preserving as cheerful a countenance concerning the approaching bond maturity date as he can; and even yet the bonds may be extended or exchanged in some way so as to avoid a receivership. But, since the immediate crisis is financial, the real future of the St. Paul is probably in the hands of two bankers, Jerome J. Hanauer...
...change, although unexpected, nevertheless failed to elicit selling except to a minor extent in the bond market. It was generally taken to indicate the end of the period of very easy money which has prevailed in Manhattan since last summer; and also the long way that financial and industrial recovery has traveled since that time. Evidently the familiar "business cycle" has not become nonoperative through the plethora of funds. Evidence accumulates that large amounts of credit will be taken up by agricultural efforts this spring to plant large crops at high prevailing prices, and by considerable commercial expansion. Also...
...asked the judge. "I am the Chief Regent of the New Argentine Imperial," said Heift. "I am about to organize an expedition to travel into the solar system." He produced a copy of The Solar Path, prospectus written by himself. "With each copy of this I give away a bond redeemable for $20 in 1960. ... At a height of about 800 miles from here, there is a solid land, a new earth. There we will find riches and precious stones in abundance and we intend to claim that new domain...