Word: atlases
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Dates: during 1930-1939
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...Court upheld the registration provisions of the Public Utility Holding Company Act, the utility industry has resembled a poker game with vast stakes and SEC Chairman William O. Douglas dealing. Last week, Bill Douglas dealt a new hand to an intriguing set of opponents-lean, smart, Floyd Odium of Atlas Corp., fat, cunning Howard Hopson of Associated Gas & Electric Co. and bald, battle-worn Harley Clarke, late president of Utilities Power & Light Corp. As this hard-bitten trio of utility financiers studied their cards, kibitzers gathered thick around. For the play was the first test of the notorious utility "death...
...threw together this "scatteration" of properties in 588 communities in 24 States and Canada in the 1920s, then floated three stock issues and two bond issues. By 1935, when U. P. & L. debentures sold as low as 20¼? on the dollar, Floyd Odium's big investment trust. Atlas Corp., bought up enough of them to gain control in a complex deal with RFC. which had its hands on Harley Clarke's key holding company (TIME, July 22, 1935). Harley Clarke was soon shoved out of office and in last week's poker game this toppled tycoon...
...Most famed Wall Street success during Depression I was that of Atlas Corp., Floyd Odium's tremendous investment trust. How Atlas is faring in Depression II showed last week in its semi-annual report.. Between Oct. 31, 1937, and April 30, 1938, Atlas' net assets dropped from $71,229,929 to $56,565,662, its common stock's asset value, from $13.36 to $9.44 per share...
...Total value of U. S. war material shipments to Germany since 1935 is $1,634,227-barely enough to kill 65 soldiers, since the average cost of a war death is estimated at $25,000. Last week, 20,000 bombs, sold by Atlas Powder Co. of Wilmington, Del. were hoisted aboard North German Lloyd's freighter, Frankcnwald, before the freighter upped anchor for Bremen. The bombs, last of four shipments sold "to parties in the U. S.," cleared by the State Department, were for transshipment when they reach Germany. Where the shipment would eventually wind up, no official would...
...Atlas Powder...