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The article discusses the new investment merchandise offered by New York financial district Wall Street to individual investors, intended for minimizing taxes, hedging against inflation, and providing superhigh yields. Bonds, particularly corporate bonds, with the increasing popularity of real estate and oil and gas being sold mostly by specialized salesmen, have generated money too big for Wall Street to ignore. Realy trust investments include mortgage trust and equity trust. INSET: Ghost at the Feast.

A company often sells a convertible debenture with an eye to the day when it can be called in for redemption, an action that not only forces conversion of the debentures into the underlying common stock but eliminates the debt as well. All too often, however, the call goes unheard; some holders fail to exercise their conversion privileges and thus cause losses both to themselves and to the company. The author maintains that present procedures are not designed to prevent this troublesome by-product of convertible debenture redemption, and he outlines a number of ways that help to eliminate the missed-conversion syndrome. [ABSTRACT FROM AUTHOR]

The article looks at the problem of corporate reorganization from the standpoint of the bondholder. The author explains the role of bondholders in an organization and how any lack of representation from trustees will present problems.The reorganization of the Hotel Pierre Company is used as an example of a typical reorganization, and the author shows why bondholders need representation in this type of reorganization. Typically the representation is in the form of committees which act as agents on the behalf of the bondholders. However, committee work is costly, obscure, and blocked by selfishness and unfairness. The author outlines a solution to the problems presented in reorganization.

The article reports the condition of the money market in the U.S. as of May 1937. American banks get over the May 1 struggle in reserve requirement which resulted to a surplus funds of more than 800 million U.S. dollars. The market received the 25 million U.S. dollar-offering of the Federal Home Loan Bank and that corporate bond issues are settled. In the domestic sector, the automobile industry posed an increase in production as well as electric power production.

The article discusses the sale of new common stock by oil companies to raise capital for expansion. Companies including Standard Oil of New Jersey, Royal Dutch Petroleum, and Shell Transport & Trading have turned to Wall Street rather than finance their expansion from their corporate profits. Topics mentioned include the cash flow of oil companies, Sinclair Oil Corp.'s sale of debentures to finance expansion, and the profitability of oil companies.

The article reports that rail company Southern Pacific System has initiated a program to reduce its debt by 25 percent. According to the author, the company has solved several maturity problems encountered in the past by open-market purchases of outstanding bonds. The author adds that Southern Pacific experienced a 60 percent drop in revenues in the 1929-1933 period and recovered its financial status by 1940 with reported earnings of 2.47 U.S. dollar per share. The factors that led to the company's success in reducing debt are discussed.

In this article, the author presents an economic and political outlook for the U.S. in 1918. Topics discussed include the political condition in Germany, the likelihood that the sluggishness of the corporate bond market will continue, and adjustments to governmental regulation. Also mentioned are socialism, confidence in securities, and the method of fixing wages and salaries.

The article offers information on the cost of renting money. It states that long-term borrowing is represented by the yield on lower-medium grade corporate bonds, whereas, short-term borrowing appears in the interest rates on prime commercial paper. It mentions that mortgage bonds, secured by specific assets, are better risks than debentures, which have no specific claim on assets.

The article focuses on the issues concerning the counterfeit corporate bonds that were allegedly considered among the assets of Equity Funding Corp. of America. It states that the New York Insurance Department had presented Equity Funding former employee Ronald Secrist's accusations of scandal at the Investors Diversified Services Inc. Moreover, it notes that the scandal is one of the first major cases related to computer fraud.

The article reviews the performances and trends of U.S. currency, stocks and corporate bonds. The U.S. Federal Reserve cut its bill-buying rate to widen the spread between London and Berlin money rates as a measure to address the glut in French funds and gold. U.S. stocks declined to new lows that analysts predicted to be the market bottom. Bonds also suffered from general weakness despite weakening in interest rates and new bond offerings.

The article discusses the plan of U.S. Federal Reserve agencies to adopt a more vigorous credit expansion policy and drive bank credit into more productive channels in 1932. Topics addressed include recoveries anticipated in domestic bonds, yields expected in higher-grade bonds, and American Telephone and Telegraph Co.'s funded debt. Also mentioned are bonds that are expected to benefit from credit easing such as Consolidated Gas and the railroad company Chesapeake and Ohio.

The article provides a forecast for railroad securities and secondary railroad bonds. A significant factor contributing to this was a change in the law resulting in the Interstate Commerce Commission's acceptance of railway executives' raising of freight rates. A chart is provided with information on the bonds for certain railway companies.

The article discusses yield records achieved by U.S. railroad and industrial bonds in 1930. Topics addressed include the impact of bank selling on the bond market, the higher demand for government bonds, and the volume of corporate bonds forced on the market. Also mentioned are the accumulation of buying power for high-grade bonds, the re-investment of liquid funds, and the prices of bonds from railroad and industrial companies such as Chicago and North Western and American Rolling Mills Co.

The author offers insights on stock market investment. Topics explored include the previous recommendations to purchase short-term U.S. government bonds, high-grade corporate bonds, and bank stocks, the stock price and dividend yields of several oil companies including Atlantic Refining, Continental Oil, and Standard Oil of California, and the need for investors to be cautious when purchasing oil industry stocks due to overproduction issues in the sector.

The article analyzes the U.S. economy as of July 15, 1957 and discusses issues related to inflation and wage increases. The author states that the 1957 inflation does not result from a shortage of goods but from wage increases outpacing gains in productivity. Topics mentioned include the increasing price of steel, the debenture issued by the R.H. Macy department store, and a recommendation for speculation on the Jones & Laughlin steel company stock.

The article discusses stock price forecasting about stocks traded on stock exchanges in the Untied States. It examines the possibility that stock prices may continue to climb in spite of the presence of tight credit within the country that have increased the interest rates of corporate and government bonds.

The article reports on the increase in issue sales of bonds brought by the simultaneous offering made by Commonwealth Edison and Philadelphia Electric in the U.S. from 285,000,000 to 346,000,000 million U.S. dollars. According to the author, the Securities and Exchange Commission received about 170,000,000 million U.S. dollars from industrial and utility bonds and several stock issues. The author adds that corporate financing added additional bonds from Pacific Gas & Electric Co. and American Tobaco Co.

The article focuses on the increase in the number of stocks purchased by trustees in New York in December 1950 following the passage of a so-called prudent man investment law, which took effect on July 1. Factors that contributed to the revision in the trustees' philosophy are the decrease in both high-grade corporate bond yields and continued decline in the purchasing power of the dollar. It cites the types of investors who have been buying common stocks. Industrial stocks are said to be the preferred buys of the trustees.

The article discusses the status of the new-issues market in the U.S. as of March 1950. New issues of municipals surged to 150% in January and February compared with the same months in 1949 while new corporate issues increased by only 62%. The factors contributing to a favorable demand for municipal and states issues include the tax-exempt status of bonds, high income taxes and the decline of yield on high-grade corporate bonds. The price structure of municipals remains unstable based on the Standard & Poor's municipal-bond index.

The article reports developments in the U.S. debt market as of mid-December 1974. It cites the growing complexities in the sector, citing as example the issue of whether to treat a 25-year bonds, a 60-day bank loan and a 90-day note or commercial paper as long-term debt or current liabilities. The opinions of Arthur Andersen & Co.'s Robert May and AT&T's Warren W. Brown on the developments are also cited.

The article focuses on the corporate prospectus of U.S. food company UnitedBrands (UB) published on February 15, 1973. The author discusses convertible subordinated bonds, nonconvertible debentures, and pretax and aftertax earnings. Special attention is paid to the author's opinion of UB's chairman Eli Black.

The author foresees the beneficial implications of the 1971 drop in new stock issues and net new corporate bond offerings on stock and bond prices for 1972. He says that contrary to popular opinion, the 1971 drop in stock prices was not due to the loss of buying power by institutional investors but to the oversupply of stocks in the market and the lack of demand for it. He points out further that the 1971 stock market situation is only setting the stage for a much better performance for 1972.

The author reflects on the importance of bond yields. Particular focus is given to long-term interest rates in the corporate bond market following announcement of U.S. President Richard Nixon's economic policy. He says bond yields have dropped as a response to the anti-inflation thrust of the policy. He explains that the market rate implies that investors were expecting inflation at an annual pace of 3.75% at a time when price indexes were rising.

The article recommends that investors evaluate bond yields. It examines the attraction of corporate and local government bonds during a decline in the stock market. It explains the consistency of demand for Treasury bills, the vulnerability of bonds to inflation and their opportunity to nail down the interest rate. It offers information on the returns on investments from bond markets including Arkansas Power and Light Co., Federal National Mortgage Association and Fort Worth in Texas.

The article reports on the rising popularity of a practice among U.S. corporations in which big bond issues are sold privately to avoid registration with the Securities and Exchange Commission (SEC). Among them are Kimberly-Clark Corp. which sold 10 million dollars worth of bonds with insurance companies in June, Socony Vacuum Oil and Owens Illinois Glass. Investment bankers say that such issues are illegal and urged SEC to end the practice. After a decline in summer, new issues were announced such as deals from Armour & Co.

The article offers a look at the performance of the stock, bond, and money markets in the U.S. in March 1937. There was an increase by .5 percent in the yield of Treasury bonds and there was a decline in the prices of government and corporate bonds. Treasury receipts from income taxes dated March 15 are projected to total to approximately 700 million U.S. dollars. Factors that world contribute to fears of inflation are cited.

The article presents an update on the financial markets in the U.S. in March 1937. It says that the direct and guaranteed bonds of the U.S. suffered a sharp recession as the gilt-edged corporate bond drops. According to the author, New York banks were selling their government bonds worth 552 million U.S. dollars during the period from June 30 to December 31, 1936. The impact of inflation on bond investments and the evidence that individual investors have been letting go of corporate and government issued bonds are also discussed.

The article reports that the U.S. Securities and Exchange Commission reacts to a write-up on trustees' laxity by raising the question of how much work and responsibility should be shouldered by a trustee for a corporate bond issue.

The article looks at the probe of the American Arbitration Association (AAA) on schemes made by companies to exploit real estate bonds from holders in 1932. AAA president Lucius R. Eastman responded to the scandal by devising a strategy to avoid lavishness and delays in financial restructuring programs. The strategy consisted of provisions that can stop bond abuses including readjustment plans permitted by AAA, modifying a deposit deal with the permission of the arbitration board, and appeals for bondholders being denied the right to store bonds.

The article discusses the effect of inflation to the actual value of high-grade bonds as of December 15, 1949. Particular focus is given to the relative performance of stocks and bonds since 1939 shown in a table, and the results that occurred to holders of high-grade corporate bonds shown through a graphical illustration. It also discusses the stocks and yields of companies like retail enterprise Montgomery Ward, department store Marshall Field, and grocery chain National Tea.