Word: co
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Dates: during 1920-1929
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...Case & Co., from 504½ to 320, or a decrease of $23,295,892; 2) International Harvester from 100 to 118¼, or $80,467,626. (Volume of shares made the Harvester gain more than thrice the Case loss.) Columbia Graphophone, from 80 3/8 to 62 7/8 or $4,475,100 decrease...
...Edison General Electric and Thompson-Houston Cos. were merged to form General Electric Co. Beginning research for them at Lynn, Steinmetz, proudly, silently, lived four weeks without salary until the payroll error responsible was detected, righted. Always fearful of shock, his work was with Alternating Current, whose danger the Direct Current interests then so ably played up in press and courts. In 1893 Alternating Current, constant neither in value nor direction, was incalculable. For calculating this current Steinmetz, who spurned the smaller problems he was given, produced his own "symbolic method" which gave General Electric decisive advantage over competitors...
...Morgan is supposed to have the same effect. All sorts of stocks are sometimes labelled Morgan stocks, yet no one save the uncommunicative partners at 23 Wall St. really knows exactly what companies have Morgan connections, or how much stock interest, if any, J. P. Morgan Co. holds in them. Speculators eager to know how much the name of Morgan is like the touch of Midas, have spent much time calculating what profit Morgan stocks have shown...
Inoperative for three months was the United Stores Corp., formed as a holding company last June to assume control of United Cigars Co., Tobacco Products Corp. (TIME, June 17). Although George K. Morrow and Frederick K. Morrow, heads of the Gold Dust Corp., were then announced as dominant figures in the new holding concern, George J. Whelan, oldtime United Cigar Store tycoon, continued to manage the affairs of the two tobacco companies...
Still inoperative last week, United Stores Corp. seemed almost certain of passing out of existence as a new consolidation of United Cigars Co., Tobacco Products Corp., Gold Dust Corp. interests appeared. This time the Morrows and others acquired majority stock holdings of the tobacco companies, whose assets amount to some $200,000,000. At a directors' meeting George K. Morrow was elected President and Board Chairman of both companies, Mr. Whelan was retained on the directorates...