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...Committee of Business Conduct spoke, in fact, about the price of two stocks-Pierce-Arrow Motor Car Co. preferred and Pierce-Arrow Class A. Under a recapitalization plan launched soon after Pierce-Arrow was segregated from Studebaker (TIME, Sept. 4), both of these old issues are exchangeable for a single new issue of Pierce-Arrow common-but in different ratios. The holder of one share of old preferred will receive 3.2* of new common; the holder of one share of old Class A will receive one-tenth of a share of new common. Thus in terms of new stock...

Author: /time Magazine | Title: Business & Finance: Big Board Speaks | 10/30/1933 | See Source »

...rope of roads and railways clear across China at a cost of $50,000,000 gold. It might start from Peiping, dangerously near the Manchukuo border and greedy Japanese eyes; or it might cut southward through the mountains along the Yellow River basin. It might arrow straight west from Nanking to Shensi Province and thence along the overgrown track of the ancient Great Highway to Sinkiang. It might skirt Mongolia, drive monotonously over the wind-marcelled sands of the Gobi, end in the basin of the Tarim River which drains futilely into a marsh. Part of the project...

Author: /time Magazine | Title: CHINA: Life Line | 9/18/1933 | See Source »

...formed a new firm, General American Life Insurance Co., with paid-in capital of $2,000,000, offered to take over Missouri State Life's business. ¶Studebaker Corp. owned all the Class B shares, 152,000 Class A shares and 23,500 preferred shares of Fierce-Arrow Motor Car Co. Six months ago, when Studebaker Corp. passed into receivership (TIME, March 27), Fierce-Arrow went quietly on its normal way. Officers of Fierce-Arrow were chagrined, however, to have their pseudo-parent in receivership. Last week President Arthur J. Chanter of Fierce-Arrow announced that with the backing...

Author: /time Magazine | Title: Business & Finance: Downtown | 9/4/1933 | See Source »

...them to Eureka to see his 101 Ranch show (bought from Zack Miller a few months ago), to find them jobs when they were out of work. All Emporia's colored people swore by him for his generosity. He drove a flock of cars headed by a Fierce-Arrow. When his little girl had pneumonia, he sent for an oxygen tent. It was never used but he bought it, presented it to the Emporia hospital...

Author: /time Magazine | Title: Business: Forgery De Luxe | 8/21/1933 | See Source »

...vain knife-faced French Minister Georges Bonnet fumed. Waiting for the President, he missed the Golden Arrow De Luxe Express to Paris, missed all the afternoon expresses and finally left London at 11 p. m. to toss all night on the Channel with a cabinet meeting in Paris scheduled as soon as he should arrive...

Author: /time Magazine | Title: WORLD CONFERENCE: Goodnight, Goodnight | 7/10/1933 | See Source »

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