Word: three-year
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Underwriting. SEC last week announced that registration of new securities in the first quarter of 1938 set a three-year low of $355,819,000. In Wall Street it was considered quite a feat that a banking syndicate headed by Morgan Stanley & Co. managed to float successfully a $60,000,000 refunding for Consolidated Edison Co. of New York. Thus underscored still again was the almost complete stagnation of U. S. money markets which has existed for the last six months. Financiers are agreed that needed expansion of industry cannot occur until this stagnation is ended. But underwriters generally...
...last half of Beals's autobiography describes a three-year tour of Europe, his relations with Ambassador Morrow, the breaking off of Mexican-Soviet relations, challenges the truth of many a story told by Author Beals's fellow journalists. Typical is his version of how it happened that the Nicaraguan rebel Sandino was equipped with Russian rifles. They were manufactured, says Beals, in the U. S. for Kerensky, whose government fell before they could be shipped. The rifles were then shipped to Calles, who sent them on to Sandino merely as a spiteful...
...some of the tax pressure from the point at which wealth is ventured. To many an economist this seemed the surest possible way of offering capital the fullest inducement to get busy and help itself out of the current depression. That the tax reforms crossed the Administration's three-year policy was a matter which did not seem greatly to concern Congress...
...Associate Justice lauded the three Eastern colleges for their support of this extra-curricular undertaking which he recognized as being "probably the first of its type in the country. Now that your Y-H-P conference, in completing its first three-year run, has proved of great value to the undergraduate bodies, I encourage you to set it up as an annual and traditional event. It carries with it the sympathy and support of many official residents of Washington working in those fields in which your interest is focussed...
...Since 1935 Alaska's $46,000,000-a-year salmon-fishing industry, which depends on salmon spawned in Alaskan rivers and caught as they return from the sea to the rivers to breed, has yelled bloody murder about Japanese fishermen operating offshore. When the Japanese Government subsidized a three-year "salmon survey" of the Bering Sea in 1935, Alaska fishermen maintained that Japanese boats were trawling with heavy nets in all seasons, would soon exhaust the grounds. Japan retorted variously that she was investigating the possibility of floating canneries, that her nationals were not invading U. S. waters within...