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Last week Cosden Oil Co. stock sold at $1?? a share. Although the stock has been dropping steadily for many months (1930 high: $74!), the direct news causing last week's new low was word that a receiver had been appointed, that the company admitted it was unable to pay current debts. How much Mr. Cosden was hurt by the drop was not known. There were rumors that last year he took advantage of the stock's wild move to sell some of his holdings. Badly hurt by the stock's earlier drop was J. A. Sisto & Co. (TIME...
...1???St. Louis Symphony...
...1???National elections in Cuba...
...failure of the year. On the Curb, from which the company was also suspended, support was practically withdrawn from stocks identified with Sisto. Cosden Oil went from $11½ to $8; Cuneo Press from $31½ to $16; Hygrade Food Products from $6 to $2f; National Rubber Machinery from $8¾ to $1???. An investment trust sponsored by the firm last year, Sisto Financial, tumbled from $17? to $10 and remained pegged at that figure with $2 bid, and a sale at $4? taking place "under the rule...
Andree's venture, first of its kind, was founded on what he sincerely believed to be scientific data. It had the financial support of the King of Sweden and Norway and of Alfred Nobel. His balloon, an elaborate affair, measured 97 ft. from the top of the bag (wt. 1?? tons) to the bottom of the two-decked basket. It was rigged with drag ropes and sails, by which Andree was confident the prevailing south winds would blow it over the Pole, 700 mi. away...