Word: bankes
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Dates: during 1930-1939
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Although he was named for his uncle, Winthrop Aldrich, board chairman of Chase National Bank, Winthrop Rockefeller, fourth son of John D. Rockefeller Jr., last week explained why he has no middle name. His mother, Abby, an avid pacifist, did not want his initials to be "W.A.R...
...there was evidence of little but stagnation. Steel production rose from 33% to 35% of capacity, highest point since November. Car loadings rose a mite in expectation of the new rates. But lumber output was off 6% for the week, power production 2%, oil production 0.8%, soft coal 8%. Bank clearings were at a new low since 1934 but gold was pouring into the country at a rate which showed that the rest of the world still thinks the U. S. the safest place to cache its valuables. The stock market proceeded to slip from...
...appreciated, but brought out last week when Dun & Bradstreet published in Dun's Review a nationwide chart of trade volume at the end of January (see map). Prepared by Dr. L. D. H. Weld of McCann-Erickson, Inc., the chart was based upon Federal Reserve Board figures for bank debits, wholesale sales and department store sales, R. L. Polk & Co. figures on new car registrations, Editor & Publisher's statistics on advertising lineage and Life Insurance Sales Research Bureau statistics on new policies. Aside from variations in the price level, for which Dr. Weld made no provision...
...selling at $55 and there had been several dividends paid in stock. Hercules Life was the second largest owner, with some 15,000 shares. This tempting asset has long been eyed hungrily by Amadeo Peter ("A. P.") Giannini of San Francisco, who is to the West's banking what the Rockies are to its topography. Mr. Giannini's Transamerica Corp., once the biggest bank holding company in the world, is now being transformed into an investment trust because A. P. doesn't have to wet his finger more than once to see which way the wind blows...
Hercules has $131,000,000 worth of insurance in force. In Chicago, however, the first financial reaction to the sale was not as an insurance deal but as a banking deal. For La Salle Street was thinking of the 15,000 shares of Continental Bank stock in the Hercules treasury. And Mr. Giannini officially retreated behind the Great Divide when Transamerica sold Manhattan's old Bank of America to National City in 1931. By that deal Transamerica became National City's biggest stockholder, and in 1933 A. P. and his friend John Francis Neylan went on the National...