Word: bidding
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Dates: during 1940-1949
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President General Lázaro Cárdenas made some nice gestures toward continental defense last week. He slapped an embargo on shipments of Mexican mercury to Japan. A Japanese bid for 18,000 tons of scrap iron was rejected, a cargo of war materials ticketed for Tokyo frozen. A Government spokesman announced that Cardenas would declare unconstitutional a contract signed fortnight ago, granting Japan oil concessions in the State of Veracruz. This, said the Mexican Good Neighbor, was to "demonstrate Mexico's adherence to the hemisphere policy of solidarity." Few days later President General Cárdenas changed...
...fireworks. Eaton, nostalgically recalling the days when Otis headed San Antonio deals, threw the offer back at Mellon Securities. When Mellon Securities paid no attention to his kick, Eaton violated bankers' unwritten rules by going directly to the San Antonio management, asking whether he could submit a competitive bid. The San Antonio management, fearful of SEC repercussions if it refused, agreed to listen...
...came Eaton's bid. He offered to pay San Antonio 107-about as much as the Mellon syndicate had proposed to charge the public after pocketing its two-point spread-and to price the bonds to the public at 107½, taking only a half-point cut for himself. There was one catch to the offer: did Otis & Co. have what it takes to swing a $16,500,000 deal? While Eaton argued that Otis did, Mellon Securities counterattacked. It offered to meet Eaton's offer of 107 to the company, 107½ to the public...
Norm Dalrymple, seeded three, also entered the semi-finals yesterday by virtue of a straight-set drubbing administered to Al Sulloway, 6-3, 6-1. Dalrymple will put in his bid for the finals in a match scheduled for today with topseeded Al Everts...
Studebaker's 49-year-old Paul Gray Hoffman, onetime crack West Coast salesman but president since 1935, made his bid for the low-priced field in 1939 with the completely new Champion. Clicking, it boosted Studebaker sales from 53,000 (1938) to 114,000 in 1939. Principal change in the appearance of the '41 Studebaker: chromium-bordered band of contrasting color around the body. Priced from $690 to $1,225, the line includes a new body type, "Land Cruiser...