Chapter 127 Shakes Wall Street Continued

/newmessage.php?tosys=1&title="The Crossing Begins with the Titanic."

Chapter Errors/Click here to report

The merger was completed in just one month, and the report was approved by the government shortly after it was published.

Since there is also a giant American Steel Company in front, the merger of Bethlehem Steel will not involve monopoly laws, and the US government not only has no reason to reject Bethlehem Steel's application, but also secretly encourages it.

The reason is very simple, this merger is conducive to the mobilization of the United States industry, which is exactly what they want to see.

After the Germans fought to the death and sacrificed unlimited submarines, the shape became even more tense, the war was imminent, and the US government also understood that it was impossible to stay out of the world anymore, and it was an inevitable choice to participate in the war.

Just imagine, once the troops are sent to Europe, the weapons and equipment of the American soldiers need to be provided by domestic enterprises, and the huge demand for materials in the war believes that the US government, which has gloated and watched the Europeans unlucky in the past two years, is also secretly surprised, and they will not fail to understand that in this war for world hegemony, the United States must gather the industrial strength of the entire country and go all out.

In fact, it was not only Bethlehem Steel Company that initiated a large-scale merger, but other monopoly giants in the United States have taken action, but the scale is not so large.

This was the largest merger by the United States in recent years, and when the news was announced, the United States was shocked!

Before that, they had not received any news, and suddenly heard that after Bethlehem Steel Company had merged with California Steel, the largest steel company in the west, it was like an earthbreaker, and Wall Street suddenly fell silent.

Bethlehem Steel's share price rose like a rocket, from $150 per share to $200 and finally $250 on the day the news was announced.

However, there is still no market, and Wall Street investors are asking where to buy shares in Bethlehem Steel, and some speculators are trying to make a splash. It's a pity that the amount of money designed by Bethlehem United Steel Company this time is too large, unless it is the big investment banks on Wall Street, otherwise ordinary speculators are also powerless.

After the merger, Bethlehem United Steel Company has expanded a lot in scale after digesting California Steel Company in a short period of time, and its strength has also jumped to become the top steel and military enterprise in the United States.

Now that war is on the verge of breaking out, how could Bethlehem United Steel, which aspires to become the largest arms manufacturer in the United States, miss such a golden opportunity? A new round of scale expansion is also inevitable. In order to raise funds, Bethlehem United Steel Company has launched a new round of financing, planning to issue 1 million new outstanding shares at a price of $10 per share, involving an amount of $50 million, accounting for one-tenth of the total share capital, mainly to invest in new shipyards and expand naval gun production.

The matter of stock market financing was naturally handed over to Robles Securities, and Robles patted his chest and said that he would definitely issue the 1 million shares of Bethlehem United Steel within a month.

Of course, he is not bragging, after more than half a year of hard work, Robles Securities has almost sold $200 million worth of US Treasury bonds, and the remaining 100 million does not have to worry about sales.

After two years of development, the stock market on Wall Street has become more and more prosperous, and it turns out that more and more Westerners are putting their money into the financial market, and Treasury bonds are their best choice, and even the banks in the Midwest have joined the ranks, and they are happy to cooperate with Robles Securities to sell US Treasury bonds to farmers and small miners in the Midwest.

Moody's-Fitch also took the opportunity to raise Bethlehem's United Steel credit rating from A to AA, and its Moody's-Fitch Financial Investment Advisors also strongly recommended Bethlehem United Steel shares to investors.

For a time, not only Wall Street investors flocked to it, but even major investment institutions wanted to get a piece of the fat from Bethlehem United Steel.

They came to the door one after another, saying that they were willing to underwrite the shares of Bethlehem United Steel, and Robles also pushed the boat and sold one-third of about 300,000 shares of Bethlehem United Steel shares to Morgan, Citigroup and other big banks at a price of $15 per share, making a net profit of more than $2 million at once.

Not only the major investment banks have joined the ranks, but also the small and medium-sized investors on Wall Street are not far behind. One of them, a man named Henry Goldman, often came to Robles Securities and offered to underwrite shares in Bethlehem United Steel.

Henry Goldman took over the property from his father, Marcus Goldman, who used to trade in commercial paper, buying promissory notes from merchants at a discount every day, and then paying cash at face value on a certain date by the merchant who had sold the promissory notes, the difference being Marcus's income.

Seeing that the stock reimbursement business was very profitable, Henry Goldman shifted his focus to stock underwriting. He mainly buys a certain number of shares from large companies such as Robles Securities and sells them to other investors in order to make a profit.

One day, at Robles Securities on Wall Street, Robles entertained his old client, Henry Goldman, as usual.

"Congratulations, Robles! Everyone on Wall Street knows that you're making a lot of money from Bethlehem United Steel, so you need to take care of us. Henry Goldman said enviously.

"Thank you. But you Goldman Sachs are not bad, and you have made a lot of money from us in the first few times by underwriting stocks. Robles laughed.

"Well, there's no comparison with your Robles Securities? Watching you snowball, I honestly feel a little jealous in my heart. Henry Goldman lamented.

Robles smiled and said nothing, he didn't think he would be where he is today. However, Henry Goldman is an old customer, and Robles Securities naturally has to take care of one or two.

"Don't worry! Henry, our friendship has not been a day or two, and there is a stock business in Bethlehem United Steel, are you interested? Robles asked.

"Of course." Henry Goldman gripped Robles' hand tightly, feeling a little grateful.

This is not the first time Goldman Sachs has worked with Robles Securities, and their friendship dates back to 1914. At that time, at the beginning of the establishment of Robles Securities, an old man walked into the door of Robles Securities and said that he was willing to make a small transaction with Robles Securities. That old man was Henry Goldman.

Robles paid enough attention to this first customer, and the first deal was quickly reached. Although the amount was not large, it made Robles have a crush on Henry Goldman.

Although Robles Securities has become the top financial company on Wall Street today, it is not slack off on old customers like Henry Goldman, and is willing to continue to maintain a good cooperative relationship with the other party, and often hand over some profitable business to Goldman Sachs.

By the way, Goldman Sachs is now just an inconspicuous small player on Wall Street, and it is not yet a financial predator that will make waves all over the world in a hundred years, so it can only follow Robles Securities to mix up some oil and water.

Regarding the cooperation between Robles Securities and Goldman Sachs, Situ Nan did not know, and he only heard Robles mention it later during the US stock market crash in 29 years.

However, Goldman Sachs was already fully fledged at that time, and after Henry Goldman retired, the new successor, Vidio Caicchens, was ambitious and wanted to develop Goldman Sachs into a large investment bank, so he expanded aggressively, and opened new trust companies one after another.

But providence was involuntary, and soon after the stock market crashed, as the so-called higher you climbed, the harder you fell, and Goldman Sachs also plummeted and became worthless, but became a joke on Wall Street.

But this is all a later story, and I will not press the table.

Robles Securities was joined not only by Goldman Sachs, but also by a young banker named Joseph Tranquility.

After this guy took over a bank from the family, he was very good at business, and just married the daughter of the mayor of Boston two years ago, and his career is growing day by day.

Seeing that the stock market was profitable, he also took an active part in it, and not long ago bought a large amount of US Treasury bonds from Robles Securities, and now he is not willing to be left behind, and he has taken a stake in Bethlehem United Steel for $1 million in one go.

After Situ Nan heard the name, he immediately knew that the other party was the founder of the Tranquility Nidi family, but unfortunately he never met him.

(To be continued, please collect and recommend!!) )

Genius remembers [Aishang Novel Network] in a second biquge.info provides you with wonderful novels to read.