Word: portfolios
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Dates: during 1930-1939
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...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 to invest $8,000,000 of its $12,400,000 of cash in industrial common stocks. Last March SEC gave consent; last week United showed that...
...Flag Day, was designed to appeal to Americans of Italian ancestry. Main speakers: two Italian urchins from Greenwich Village (one planned to exercise his U. S. freedom of initiative to become a prizefighter) and Italian-born New York City Treasurer Commendatore Almerindo Portfolio, who rose from a $2-a-week messenger to the presidency of the Bank of Sicily and the head of a cloak & suit concern (which in 1924 he gave to six employes). Commendatore Portfolio's talk was rapturous, anti-nobody, fairly brief...
...Nation; Federal Judge Thomas D. Thacher, one time President of the New York City Bar Association; Banker John Hertz Sr. of Lehman Bros.; President Samuel Zemurray of United Fruit ; President Floyd Bostwick Odium of Atlas Corp., monster investment trust in which Alex Gumberg was a sort of minister without portfolio...
...group of financiers forms two identical investment trusts, each with identical portfolios. After a market rise, Trust X realizes its profits by selling its securities, but Trust Y does not. Accountants therefore certify that X had a large profit, Y only that realized on dividends. X's stock rises on the news and Y's falls. The financiers then sell their X stock at a profit, reinvest it in the depressed Y stock. Then they order Y to realize its profits by selling its portfolio. When the accountants certify this profit, Y's stock rises, giving...
...portfolio of 50 houses actually built for $1,000-$2,000 families, with an accompanying study of cost factors, shows that such houses must not cost much more than $3,300. Under present conditions this usually means either 1) a two-story box with six rooms or a one-story bungalow with five; 2) a lot not over 40 ft. wide; 3) quantity building on more or less identical plan. The challenge to architects: to face this fundamental problem in design, which now in many cases goes by default to builders without benefit of architect, with frequently characterless results...