Word: co
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Dates: during 1920-1929
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...years ago, no one in Wall St. knew Samuel Ungerleider, midwestern distiller. Even today perhaps the "new" traders are not particularly familiar with Stockbroker Ungerleider. Yet a potent brokerage establishment is Samuel Ungerleider & Co., with its home office at No. 50 Broadway and branches throughout the Middle West. And when, last week, "Ohio Sam" an nounced the formation of Ungerleider Financial Corp., a general investment trust, the potent names of William Fox, head of Fox Films, David Bernstein, treasurer of Loew's, Inc. (Fox subsidiary), William Crapo Durant, motor-and market-man, and Louis S. Posner, of Jonas & Neuburger...
...mammoth investment trust is Ungerleider Corp., with its relatively modest 25-million-dollar initial capital. But in view of current criticisms, its structure attracted attention. It begins life with a management contract entered into with Samuel Ungerleider & Co., which provides that the brokerage house will receive no compensation except standard commissions unless the investment trust has earned in excess of 8% on its capital. When more than 8% has been earned, Samuel Unger leider & Co. will receive 20% of net profits, but only if the payment of such 20% does not reduce the corporation's profit below...
...Otto Hermann Kahn, of Kuhn, Loeb & Co...
...basis, involving exchange of five new shares for one old share, but a stock split-up involving one new share for five old is not so unusual or so pleasant. Such, however, was the arrangement last week urged by P. A. S. Franklin, head of International Mercantile Marine Co. (operating the White Star,* the Red Star and other lines), who suggested reduction of capital from 120 million dollars to 30 million. Not only were common stockholders asked to turn in five shares for one, but holders of preferred were requested to surrender their holdings, on a share-for-share basis...
Landing from the Berengaria last week, Merlin H. Aylesworth, head of National Broadcasting Co., predicted that within six months U. S. citizens could readily listen in on British radio programs and that British citizens could readily pick up U. S. broadcasts. He predicted that radio Would become a great national force, might even lead to the establishment of an international language. British and French radio at present, however, he described as "formative." The British radio owner, for instance, has no loud speaker, no electric sets, and no choice of programs-a standard program being furnished by the government. Forward-looking...