Word: armoured
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Actual hostilities began in June 1932, when George Wilson, then Virginia-Carolina president, tried to arrange a merger with a fertilizing subsidiary of Armour & Co. Mr. Kemp was then not even a director, but as a stockholder and as a member of Bryan & Kemp, Richmond brokers, he took an interest in Virginia-Carolina's welfare. Objecting to the fact that the merger gave Armour a 61% interest in the new company, he rallied stock-holders against the consolidation, blocked it. Soon Mr. Wilson resigned, was succeeded by Vice President George Holderness. But the anti-Kemp, promerger faction remained unsatisfied...
...prices. Old bush-bearded Leonor Fresnel Loree, who two years ago stepped out at 74 to buy a 10% interest in New York Central for his rich little Delaware & Hudson, was spotlighted as a likely bidder. Another suggestion was Frederick Henry Prince, crusty septuagenarian Boston banker who jumped into Armour & Co. a year ago. While either Loree or Prince could undoubtedly lay hands on enough cash, neither at his age would probably be eager to undertake the rehabilitation of $3,000,000,000 worth of properties...
Leather. Meanwhile most solvent corporations will continue to thresh out recapitalization plans with security holders and creditors outside the courts. Two notable companies which have completed this process are Wilson & Co. and Armour & Co. One still in the throes of reorganization without recourse to Section 77b last week was American Hide & Leather...
...Santa Claus? Last week 18 meat packers headed by Armour and Swift got injunctions in Chicago forbidding the Government to collect hog processing taxes. In Virginia, P. Lorillard (Old Golds) and Philip Morris opened suits against tobacco processing taxes. In Detroit, Denver and Kansas City Federal judges restrained the Government's tax collections. Processing taxes on wheat, corn, hogs, cotton, tobacco were contested. A temporary injunction against the operation of the Bankhead Cotton Act was issued in the Texas courts. All told, AAA found itself facing 705 court challenges, which meant that 705 processors were eager to maintain before...
...knows better than Chairman Kennedy that even the new form involves the killing of cows for a pint of milk. To obtain a copy of Armour & Co.'s 121-page statement, filed a few weeks ago, an interested investor would have to pay SEC $17.10 in photostatting. Charges-15? per page for the first 100 pages, 110? per page for the rest...