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...determined annually. Its big subsidiary, United Gas Corp., halved its first preferred. Transamerica Corp. announced that while it could pay a dividend now it will not. Penick & Ford, Ltd. surprised Wall Street by doubling its usual 50? extra. Chesebrough Manufacturing and Bon Ami maintained their extra payments but Coca-Cola passed its usual $1 extra (blamed: taxation). R. H. Macy & Co. passed its usual 5% stock extra. Chesapeake & Ohio maintained its $2.50 rate and is the only U. S. road to pay the same dividend as in 1930. Cincinnati, New Orleans & Texas Pacific (the "Queen & Crescent") passed its dividend...

Author: /time Magazine | Title: Business & Finance: Deals & Developments | 11/28/1932 | See Source »

White's vendor was its chairman, Robert Winship Woodruff, 42. Mr. W'oodruff became Atlanta's biggest businessman in 1923 when he resigned as vice president and general manager of Cleveland's White Motor Co. to become president of Atlanta's Coca-Cola Co. Although from 1923 to 1929 President Woodruff devoted his working hours to Coca-Cola (sales went from $24,000,000 to $39,000,000), he remained a director of White and so close a friend of the late Walter Charles White that a type of dual management almost existed between the two companies. When...

Author: /time Magazine | Title: Business: White to Studebaker | 9/26/1932 | See Source »

Atlanta neighbors of Asa Griggs Candlet Jr., Coca-Cola tycoon, threatened to go to court unless he removed his private zoo from its present site, just within the stone wall at the public roadside, to a remote part of his estate. Mr. Candler began collecting animals four months ago. In cages along the estate wall he placed a Bengal tiger, five elephants (including Rosie, world's largest), a pair of black leopards, a pair of lions (the female is expectant), a pair of llamas which recently had issue, deer, camels, Himalayan goats, zebras, Shetland ponies imported from Germany, eight...

Author: /time Magazine | Title: People, Aug. 15, 1932 | 8/15/1932 | See Source »

Happiness, Too. Last week Happiness ("In Every Box") Candy Stores joined Loft, Inc., The Mirror and Pepsi-Cola Co. in their fight against Coca-Cola Co. Happiness sought $2,250,000 in damages, bringing the total of the actions to $11,750,000. Allegations were the same ones of libel and "malicious interference" with the Pepsi-Cola contracts (TiME...

Author: /time Magazine | Title: Business & Finance: Deals & Developments | 5/30/1932 | See Source »

...worth of damage suits, charging Coca-Cola has maliciously attempted to break Pepsi-Cola's contracts, to hurt Loft's business (TIME, May 16). Last week the Mirror stores (operated by Loft) joined the fray and brought suits for $1,250,000 in damages. A million dollars was asked for general interference with the Loft-Mirror-Pepsi-Cola contracts, charging that Coca-Colans had bribed Mirror employes, had attacked Mirror's stock, had interfered with customers, had stolen goods. The second suit for $250,000 was because of Coca-Cola's letter to Pepsi-Cola which, said Mirror Stores...

Author: /time Magazine | Title: Business: Deals & Developments | 5/23/1932 | See Source »

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