Word: co
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Dates: during 1920-1929
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Thomas Cochran, partner in J. P. Morgan & Co., arrived last week on the swift Mauretania. Reporters wasted no time in cornering him. Said he: "I have a statement ready. It is six words long. Take it down carefully. 'A singed cat dreads the fire.' That...
Diesel. Near Utica, Mich., last week, Packard Motor Co. successfully tested the first Diesel type engine to be used in an aircraft, declared that the oil burning motor increased efficiency 25%, banished danger of fire from gasoline, eliminated electric ignition systems, carburetors, spark plugs, other nuisances...
Banking houses in seven great centres of finance interchanged telephone calls, cable messages. In Manhattan, the house of Lee, Higginson & Co. knew what associated houses were doing in London, in Berlin, in Sweden, Holland, Switzerland, Belgium. At a given moment, last week, the seven groups acted together, announced a Swedish financing deal...
Investors in the seven countries were invited to buy participating debentures of Kreuger & Toll Co The par value of the issue was only 45.000,000 kronor (about $11,000,000). But the market value of the debentures was six or seven times this amount. The American banking group, headed by Lee, Higginson,* offered American certificates representing debentures of 20 kronor par value at $28.14. In the first day's trading in Manhattan they rose to about $35. Lucky investors who had advance orders confirmed by the bankers realized a huge profit in a few hours...
...went by before the remaining import companies were led by Ivar Kreuger into the Aktiebolaget Forenade Svenska Tandstickfabriker. These two combines functioned independently until 1917, when they agreed on a cost-saving and letter-saving merger. They became, briefly, the Svenska Tandsticksaktiebolaget. Translated literally, they became the Swedish Match Co...