Word: corps
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Dates: during 1920-1929
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Last week the mystery ended when Mr. Shearer, to collect a pay claim, filed suit in Manhattan against his alleged employers?Bethlehem Shipbuilding Corp., Newport News Shipbuilding Co., American Brown-Bovari Corp. From these shipbuilders, Lobbyist Shearer said, he had received $51,230. He claimed they still owed him $257,655 for professional services. He had, he stated, been hired to prepare literature, information, data, to write articles, to interview public officials and press representatives, to make speeches in behalf of U. S. shipbuilding from 1926 to 1929. The dullest Congressman could see the connection: Big Navy?more cruisers; more...
...weeks ago United Cigar Co, and Tobacco Products Corp. changed hands (TIME, Aug. 26). The hands into which they passed were those of George Kenan Morrow and his brother Frederick. Since the Morrows were known to be interested in a number of food products, Wall Street began to talk of a new food products combination, perhaps rivaling the recent Morgan merger (Standard Brands). Last week, confirming that guess, four companies ? Toddy Corp. (chocolate malted milk), Edward H. Jacob (canned mushrooms), Kitchen Bouquet (liquid flavoring extracts), Fould Milling (macaroni) ? united in Grocery Store Products Inc., and the name...
Brother George, after he left St. Michael's College in Toronto, worked for Swift & Co. in Chicago, then for Quaker Oats. After a few years he set up as a broker (Morrow & Co.) in the New York Produce and Sugar Exchanges. He took a hand in Gold Dust Corp. of which he is now chairman. He was invited to reorganize American Cotton Oil Co. and did so with such effect that in about five years the value of the company's stock was multi plied 15 times. That was only the begin ning of a career of reorganizations and purchases...
Business men hastened to speculate on reasons for the new combination. Most obvious seemed the desire to bring new financial power into United Cigar Co. and Tobacco Products Corp., whose earnings were depressed as a result of price lowering of popular brand cigarets to compete with price-cutting chain stores. From a high this year of 27 3/8, United Cigar stock had dropped last week to 15 5/8. Likewise Tobacco Products Corp. experienced a drop, from the year's high of 22 5/8 to a closing last week...
Recurring also was the reason advanced that the consolidation would greatly enhance the facilities of Gold Dust Corp., which has been engaged in distributing trademarked food products, soap, washing and scouring powders, shoe polishes, other articles. Natural was the assumption that United Cigar Stores, Whelan Drug Stores, the other Tobacco Products Corp. outlets, which altogether number some 92,000 stores reaching from coast to coast, would (become potent retail points for Gold Dust products...