Word: corps
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Dates: during 1920-1929
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Petroleum Corp. Outstanding among recent Investment Trusts is Petroleum Corp. of America, the long-rumored oil securities company last week formally announced by Blair & Co. Petroleum Corp. offered 3,250,000 shares at $34, a total capitalization of $110,500,000. Prominent among its executives are Director Arthur W. Cutten and Board Chairman Elisha Walker, first partner of Blair & Co. (TIME, Dec. 10). Other famed directors are Halstead G. Freeman, president of Chase Securities, Charles Hayden, of Hayden, Stone & Co., E. F. Hutton, chairman of Postum Co., Inc. President is John H. Markham, Jr., head of the Exchange Bank...
...formed to operate exclusively in automobile securities. Upon this automotive rumor was built an even grander story of a billion-dollar trust, backed by Mr. Cutten and his associates, and entering many key industries with a specialized investment trust for each. Thus, Petroleum Corp. would be the oil section and the proposed motor trust the automobile section of a "circular" trust in many fields and on gigantic scales...
Seligman Trust. Thus the specialty Investment Trust, actual and rumored. Last month saw also the formation of a general Investment Trust, a smaller, more compact example of the species. This was the Tri-Continental Corp. sponsored by the house of J. & W. Seligman, famed international bankers. It is capitalized at $50,000,000, has no specific field of interest. It has offered 1,000,000 shares of no par common stock at $27; a $25,000,000 issue of 6%, cumulative preferred stock with warrants...
Goldman Sachs Trading Corp...
Last week Consolidated Aircraft Corp. of Buffalo delivered its first 32-passenger flying boat, the Admiral, to the Navy, whose men tried it out at once at Anacostia, D. C., and found it reliable. The event was significant. In the present industrialization of aeronautics two factors have become highly important- private and commercial exploitation. Some twoscore aircraft companies are making small planes for private gadabouting. Less than a dozen are important manufacturers of great planes capable of carrying pay passengers, express, mail. They are to flying what buses and trucks are to motor ing. The greater their payload per trip...