Word: cabs
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Dates: during 1930-1939
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...Yellow Cab Co. hired 1,200 new drivers...
...largest dealers in U. S. pre-War bonds and insular and territory obligations. Likewise it became identified with many enterprises, all of which have been recognized in the Street as good small concerns. In the past, the firm has been identified with Chicago Pneumatic Tool Co., Checker Cab Mfg. Corp., Curtis Publishing Co. and Parmelee Transportation Co. Generally considered to have been the Sisto stumbling block is Cosden Oil Co. which has suffered continued liquidation for many months. Likewise, Sisto Financial Corp., offered at $53 a share last year, and believed to be 40%-owned by Mr. Sisto, has dropped...
Cabman Markin began as a tailor, entered the cab trade through the investment route. He organized Checker Cab which builds taxis, advises customers, but actually has operated no cabs itself. Although Yellow Truck & Coach Manufacturing is a big competitor, Mr. Markin probably is reassured by the fact that John Jacob Raskob is Checker's largest individual stockholder...
...Yellow group of cab companies did not flounder when Mr. Hertz resigned and the control passed to Parmelee Transportation Co. Parmelee was begun in 1853 as a service between terminals in Chicago, has carried the person or baggage of almost all people who have passed through the city since then. Its musty records show that it transported Lincoln and Douglas, likewise show that General Grant usually had two trunks, Sarah Bernhardt 40. Once when an epidemic destroyed most Chicago horses, Parmelee turned to oxen. Only in 1919 did motor coaches supplant the horse-drawn vehicles that swayed for so many...
...Parmelee, Checker has long had a large investment through debentures and preferred stock. Last week it was arranged to return these holdings to Parmelee in return for sufficient common stock to give Checker control. Likewise, Parmelee will be given control of New York's Motor Cab Transportation, operating 2,050 taxis. Altogether, the fleet under Checker's control will now come to 10,000 taxis (operated by Parmelee), one-tenth of the total in the U. S., enough to insure the company of a large replacement business...