The Marketing of American Railroad Securities Memorandum for the Interstate Com
The Marketing of American Railroad Securities Memorandum for the Interstate Com
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In our eReader you can find the full English version of the book. Read The Marketing of American Railroad Securities Memorandum for the Interstate Com Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Marketing of American Railroad Securities Memorandum for the Interstate Com
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To quickly assess the difficulty of the text, read a short excerpt:
If the banker is found wanting in any of these re- spects, or his judgment proves to be faulty, he loses the confidence of those who habitually participate in syndi- cates, and with it, his capacity to engage in financial transactions on a large scale, as it is only with the co- operation, financial or otherwise, of syndicates that large transactions can be carried through.
The Penalty of Failure on the Banker's Part The spread on which the syndicate figures as between the purchase price and th...e price of resale to the public is not more than suflScient to cover the expense of "over- head, " the outlay for advertising, circularizing and coun- sel fees, and reasonable compensation divided over hun- dreds of syndicate participants and distributing houses for their risk and their work in placing the securities with the public. In view of the change which has taken place, as previously referred to, in the clientele for rail- road bonds (owing to the preference of large investors for tax-exempt bonds) the selling of railroad securities has become both a more laborious and intensive and a more costly process than formerly.
What to read after The Marketing of American Railroad Securities Memorandum for the Interstate Com?
You can find similar books in the "Read Also" column, or choose other free books by Loeb Company Kuhn to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If the banker is found wanting in any of these re- spects, or his judgment proves to be faulty, he loses the confidence of those who habitually participate in syndi- cates, and with it, his capacity to engage in financial transactions on a large scale, as it is only with the co- operation, financial or otherwise, of syndicates that large transactions can be carried through.
The Penalty of Failure on the Banker's Part The spread on which the syndicate figures as between the purchase price and th...e price of resale to the public is not more than suflScient to cover the expense of "over- head, " the outlay for advertising, circularizing and coun- sel fees, and reasonable compensation divided over hun- dreds of syndicate participants and distributing houses for their risk and their work in placing the securities with the public. In view of the change which has taken place, as previously referred to, in the clientele for rail- road bonds (owing to the preference of large investors for tax-exempt bonds) the selling of railroad securities has become both a more laborious and intensive and a more costly process than formerly.
What to read after The Marketing of American Railroad Securities Memorandum for the Interstate Com?
You can find similar books in the "Read Also" column, or choose other free books by Loeb Company Kuhn to read onlineMoreLess
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