Word: actuallity
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Dates: during 1920-1929
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...excused for thinking of Adams Express or American Express. Yet the arrival of a trunk at either the Adams offices (61 Broadway) or the American offices (65 Broadway) would probably be greeted with surprise rather than with interest. For both Adams and American are now holding companies. The actual operating express company is American Railway Express. It is American Railway Express whose functions the new Railway Express will take over on March...
According to the 15X formula, Montgomery Ward, selling at 439⅞ on Nov. 30, 1928 should have reported about $29 per share earnings for 1928. The actual report showed earnings of $14.26 per share (figured without the new issue)-a gratifying increase but not proportional to the stock market price. Inasmuch as 15 times $14.26 is $213.90, Montgomery Ward earnings, justified no higher 1928 quotation than 214; or, from another standpoint, at 439⅞, Montgomery Ward was selling not at 15 times earnings but at 31 times earnings. Thus can a strong bull favorite make even "15X" look very conservative...
...Phillips Brooks House, however, will continue its policy of granting freely the use of its rooms, financial aid, and advice to any student religious group which may desire such assistance. But membership in the Cabinet will be restricted to the actual leaders of Brooks House activities...
Seligman Trust. Thus the specialty Investment Trust, actual and rumored. Last month saw also the formation of a general Investment Trust, a smaller, more compact example of the species. This was the Tri-Continental Corp. sponsored by the house of J. & W. Seligman, famed international bankers. It is capitalized at $50,000,000, has no specific field of interest. It has offered 1,000,000 shares of no par common stock at $27; a $25,000,000 issue of 6%, cumulative preferred stock with warrants...
...Hoover party left its island headquarters and motored 35 miles southward on the mainland to Angel Fish Creek. Two days of deep-sea fishing off the Florida Keys were in prospect. Though the actual angling would be done from small boats, two yachts served as living and sleeping quarters. One was the Amitie, owned by Capitalist Joseph H. Adams whose Belle Isle home, adjoining the Penney estate, shelters the Hoover press entourage. The other was the Saunterer, owned by Banker Jeremiah Milbank of Manhattan, Eastern Republican Treasurer during the cam paign. Banker Milbank was on board...