Word: cosden
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Dates: during 1930-1939
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Thus was greeted the first notable failure of the year. On the Curb, from which the company was also suspended, support was practically withdrawn from stocks identified with Sisto. Cosden Oil went from $11½ to $8; Cuneo Press from $31½ to $16; Hygrade Food Products from $6 to $2f; National Rubber Machinery from $8¾ to $1?. An investment trust sponsored by the firm last year, Sisto Financial, tumbled from $17? to $10 and remained pegged at that figure with $2 bid, and a sale at $4? taking place "under the rule...
...many enterprises, all of which have been recognized in the Street as good small concerns. In the past, the firm has been identified with Chicago Pneumatic Tool Co., Checker Cab Mfg. Corp., Curtis Publishing Co. and Parmelee Transportation Co. Generally considered to have been the Sisto stumbling block is Cosden Oil Co. which has suffered continued liquidation for many months. Likewise, Sisto Financial Corp., offered at $53 a share last year, and believed to be 40%-owned by Mr. Sisto, has dropped steadily. In the Sisto insolvency there was no question of malpractice, fraud. It was simply the inevitable consequence...