Word: investments
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Dates: during 1930-1939
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...history of the inflating utility industry*-SEC concurred. Before the year was out United made still another obeisance to Bill Douglas and SEC: it registered as a holding company. In doing so President George Howard announced that United intended to reduce its holdings in its four main holding company investments (eventually to less than 10% of each) that it "has determined to continue as an investment company and. as opportunity permits, to diversify its portfolio and participate in the financing and underwriting of new capital issues in the public utility and other fields." As a first step United asked permission...
...Hobby Club of Bellingham, Wash, one day six years ago, a big, solidly built, well-dressed educator named Charles Henry Fisher suddenly remarked: "If I had money I would invest it in Soviet bonds. They are paying 7%." The manager of Bellingham's Herald, angular old Frank Sefrit, turned fierce eyes on him and barked: "That's the most radical statement I have ever heard made in this club:" Tapping the educator on the chest, he added ominously: "Fisher, I'm agin you and I hope you know what that means." By last week it meant...
...Federal Works Agency (effective July 1). Not the Starnes bill, but a PWA allotment of similar size out of the money it was going to vote for WPA, was what seemed to be in the subcommittee's mind. Two reasons, besides Mr. Roosevelt's renewed urge to "invest" in public works, guided the subcommittee in this direction: discovery of items in WPA's proposed budget (the first ever submitted to Congress in itemized form) which could be shaved or excised; uneasiness about the efficiency of WPA's handling of large projects and about its executive...
...until railroads have money to invest they refuse to make money either for themselves or Baldwin by borrowing to buy new equipment. Should the New Deal, however, decide to fight Recession II by priming heavy industry instead of consumer purchasing power, it is likely to choose railroad equipment (either forming a corporation to rent equipment to tho roads or guaranteeing loans enabling them to buy it) as one of the surest, quickest ways to gain its end. The figure New Dealers like to quote as a "minimum" of new locomotives needed to modernize the U. S. rolling power plant...
...worth of debt to save half a million a year by lower interest rates. Saving every cent he could, getting the largest possible slice of business to be had, Weir last week denied that National is about to build another plant. Said he: "We won't invest in the Chicago area till the country gets back on its feet." Thus temporarily sparing Big Steel the headache of stiff competition in another market, E. T. Weir went off to Bermuda...