Word: assets
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Dates: during 1930-1939
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...commercial paper house of Bond & Goodwin in 1929 when Eugene Meyer, then Federal Farm Loan Commissioner, telephoned him from Washington. After that long-distance interview he became a fiscal agent, with his amazingly wide acquaintance among U. S. bankers, acquired in distributing commercial paper, as his most valuable asset. A large, plump, kindly man with close-cropped hair, Mr. Dunn raises prize roses at his home in Westfield, N. J. He can never remember their botanical names...
Phillips' assets foot up to more than $5,000,000, including two curious subsidiaries, Bloodsworth Island Game Pre serve, Inc. and Phillips Athletic Association, Inc. Chief asset of the Athletic Association is a company ball team called the Phillips Delicious Soup Makers. A promotional monthly distributed to deal ers, jobbers and retailers is named P. D. Q. (Phillips Delicious Quality...
...builder of airplane engines. Fact is, Pratt & Whitney's big Hartford, Conn, plants make no engines at all. The company is one of the leading U. S. manufacturers of precision machine tools and manufacturing instruments.* Moreover, Pratt & Whitney is not an independent concern but the principal asset of Niles-Bement-Pond Co. Last week Niles-Bement-Pond's principal asset was an island in flood waters, but that dampened not a whit the desire of Chairman Edward A. Deeds for a machinery merger. Expansive Chairman Deeds, who is also chairman of National Cash Register, proposed to unite Pratt...
...business. Holders of mortgage bonds guaranteed by the Company yelled loud & long, since the guaranteed bonds were not taken over as liabilities of the Corporation. But the Court decided that the reborn National Surety should be given a fair start in life, since its stock might become a valuable asset to be disposed of in the creditors' behalf...
...sorry average (TIME, March 9). Though questioning management relations between Mr. Presley's National Investors and Mr. Presley's Fourth National, the committee was most disturbed by the fact that Fourth National stock sells for far less in the open market than the value of the excellent assets behind it, a condition by no means unique among investment trust stocks. The committee felt that their trust should stand ready to buy its own stock at any time for approximately the actual asset value, as does that remarkably successful open-end Boston trust, State Street Investment. On showdown...