Word: co
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Dates: during 1920-1929
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Common is the belief among Easterners that all Big Business news originates in the East. Proud Californians have long disagreed, pointing for proof to California's many flourishing industries. Last week Californians were given fresh proof of their importance. Dow, Jones & Co., financial news-distributors, publishers of the Wall Street Journal, announced that starting in October a Pacific Coast morning edition of the Journal would be published daily, ''in further recognition of the important financial growth of this territory." With head offices in San Francisco, the new Journal will be distributed to the chief Pacific Coast cities...
...Bellmore, L. I., potent station WEAF of the National Broadcasting Co. was silent for eight hours. Reason: a bat flew between some condenser plates, died there...
...though the electric utility seems to have been expressly designed for capitalistic development, it is only within the present year that J. P. Morgan & Co., most potent embodiment of U. S. capital, has entered largely into the light and power field. Excited, last week, were U. S. newspapers and U. S. senators when the Morgan utility interests acquired from the Mellon utility interests a group of light and power companies along the St. Lawrence River. Significant indeed was this transaction, but in a larger sense it was only a milestone along the Morgan utility road. When the economic textbooks...
Tracing the electrical activity of J. P. Morgan & Co. would not be difficult if the matter could be expressed in terms of Mr. Morgan personally exchanging bags of gold for turbines and transmission systems. Unfortunately, however, the utility field does not lend itself to such simplification. The House of Morgan is not sole owner of any of the utility companies in which it is interested; its holdings are usually no more than a substantial minority, not including an operating control; and if it chooses to regard itself as investor in many companies but as manager of none, such a position...
Entrance of the Morgan company into the utility field came in January 1929, with the formation of United Corporation, a company established by J. P. Morgan & Co., Drexel & Co. and Bonbright & Co. and with executive offices at 23 Wall St. (Morgan home). By June 29, United Corp. had the following holdings in the following utilities...