Word: anaconda
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...sold ten shares of Atchison, Topeka & Santa Fe at $298!, putting the $2,986.25 in a savings bank. Recently he bought back his ten Atchison for $350. With the additional money he bought ten shares in each of 85 well-known companies, such as Baltimore & Ohio, Erie, Wabash, Anaconda Copper, Baldwin Locomotive, United Cigar, Kreuger & Toll, Curtiss-Wright, Republic Steel. He still had left $8.75 to buy a haircut, a shave, a pair of shoes before taking the accumulated savings bank interest of about $450 to buy an automobile. If he had bought the 850 shares when he sold...
...Anaconda. Long a loquacious critic of Board Chairman Charles Edwin Mitchell of National City Bank, Senator Glass beamed when Chairman Mitchell admitted that National City Co.'s dealings in common stock were illadvised, that its sale of 300,000 shares of Anaconda Copper to customers at about $125 (now $4) a share had not "created any good will and had created ill will." But he denied that high-pressure methods had been utilized. He disclaimed all knowledge of National City's Directors Percy Avery Rockefeller and Dairies Alexander Stillman participating in an Anaconda pool. He agreed with Senator Glass that...
...apathetic to Counsel Gray's inquisition had the Senators become that next day only Senators Norbeck & Townsend listened to further Anaconda revelations from Chairman John D. Ryan. With Harry Frank Guggenheim, he had acquired blocks of Chile Copper and other copper companies before they were absorbed by Anaconda through an exchange of stock. At one time Chairman Ryan said he had a profit of $1,250,000 on his Chile operation, but the Anaconda received in exchange now showed him a large loss. Smart Harry Guggenheim sold out, made $404,000. President Cornelius Francis Kelley of Anaconda, no witness, interrupted...
...been short as much as 50,000 shares at one time, "but right now my short accounts are between 12,000 and 15,000 shares." But far more interesting to the committee than his short operations was his story of a $32,000,000 bull pool in Anaconda Copper just before the 1929 crash...
...Safeway Stores i? ahead of Woolworth; Loew's ahead of Paramount-Publix; National Dairy ahead of Borden. Stocks gaining in popularity included American Light & Traction. Chrysler, Drug, First National Stores. General Foods, United Gas Improvement. Decreases were shown in the number of trusts holding Aluminum Co., American Radiator, Anaconda, Electric Bond & Share, General American Tank, International Telephone, Kennecott, Kreuger. Radio, Western Union, Westinghouse. Total shareholdings in American Machine & Foundry, Commercial Solvents, Continental Can, Deere, United Corp., North American Co., Gillette, Mathieson Alkali. J. C. Penney and American Ice were among the gainers. The 85 trusts held...