Word: atlases
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...Angling Atlas. When general management investment trusts went out of favor, fixed trusts became the financial mode. Last week for the first time was offered the spectacle of a general management trust out to acquire fixed trust shares. The angler was Atlas Corp. (formerly Atlas Utilities Corp.), most aggressive of investment trusts, run by Floyd Odium. In making an offer to exchange its own shares for fixed trust shares it sought to enlarge its stockholders' list. Also, it will acquire blocks of stocks held by the fixed trusts which it can keep or sell, thus adding to its large...
...inactive last week, Atlas Utilities made stock offers to the 55,000 stock-holders of twelve affiliated investment trusts. President Floyd Bostwick Odium let it be known that he and other directors and their families control 20% of Atlas shares. Last week 20% of Atlas would have had a market value...
From the Long Island home of smart, slim Floyd Bostwick Odium, president of Atlas Utilities Corp., leisurely thieves took four prized paintings, frames and all. Among them: a Gainsborough, a Watteau, a portrait by Sir Thomas Lawrence, a landscape by Richard Wilson, valued to gether at about $50,000. Detectives ar rested a butler and cook recently dis charged by the Odiums, recovered the paintings...
...Goldman Sachs acquired its Manufacturers stock at about $275 per share, only last week paid its last instalment. Out of the 381,000 shares it bought in this manner, 277,000 were sold to Harvey Dow Gibson and associates at $26.35 a share last winter (TIME, Jan. 12, 1931). Atlas holds 32,000 Manufacturers Trust shares in a shrewd manner. The two trusts will henceforth elect four out of Manufacturers' 40 directors...
...Atlas Utilities at present is a holding company, controlling 16 investment trusts. Whether or not young (39) President Floyd Bostwick Odium expects to merge them eventually is not known. It is very likely that he himself has not yet decided. Last week, proud as can be of his growing Atlas, he said: "From the beginning it has been absolutely independent. It has kept itself free from all alliances or affiliations as a matter of considered policy. Because of this, it has been slower in working out its destiny than otherwise. . . . But it has at least trod on firmer ground...