Word: atchison
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...share to $3.50. Within a few hours the reports were denied, the stock snapped back to $7.50. The New York Stock Exchange promptly started an investigation. But there was real ammunition for bearish rail operators in the fact that Chicago, Rock Island & Pacific did slip into bankruptcy, and Atchison, Topeka & Santa Fe cut its preferred dividend from $5 to $3, first reduction since 1901. Bullish operators joked about Baltimore & Ohio's new-found source of revenue: leasing a locomotive to a Pittsburgh brewery as an auxiliary boiler...
Middle Schoolman. Between the old school of Hill and Harriman and the new school of the Van Sweringens, railroading had its middle school of able, hardheaded, now somewhat old-fashioned gentlemen. Last week when William Benson Storey, 75, resigned his job as president of Atchison. Topeka & Santa Fe. one of the biggest members of the Middle School retired from railroading. Born in San Francisco eight years after the gold rush, initiated in transportation by loading gold on a stage coach of which his father was freight agent. Mr. Storey-six feet tall, broad-shouldered, mustached and amply goateed...
...public was not expected necessarily to buy with cash. It was invited to trade its blue chip stocks for Blue Ridge shares. The offer was: to take shares of Allied Chemical (last week selling around $85) for $324, of American Telephone (last week $91) at $293, of Atchison (last week $42) for $275 and of General Electric (last week $15) at $395; of U. S. Steel (last week $33) at $238; of I. T. & T. (last week $6) at $119; etc., etc. But the public did not respond to Blue Ridge as it had to Shenandoah. Blue Ridge began...
Last week came comment from William Benson Storey, president of Atchison, Topeka & Santa Fe which shares the Tehachapi Pass with S. P., must shoulder its portion of the reconstruction costs...
Died. Arthur George Wells, 70, vice president in charge of operation for Atchison, Topeka & Santa Fe Railway Co.; of pneumonia; in Chicago...