Word: detroit
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Dates: during 1930-1939
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...Detroit, delighted to see a sign "Big Premiere-Price 5?" outside a long-closed cinema theatre, 95 patrons bought tickets from a courteous boy in the box office, gave them to another boy, were ushered to seats by a third. The show failed to begin. "Hey, when does the show start," shouted an impatient patron. One of the boys stepped from behind the curtain. "There has been a slight delay due to a mechanical defect," he announced. "Please be patient." So patient were the patrons that not for an hour did they discover that the boys and the receipts...
...each depositing $1,000,000. In Broker Meehan's wife's name was another $1,000,000 deposit, for 65,000 shares. Several other wives were listed for large amounts. In for lesser amounts were Percy Avery Rockefeller, William Crapo Durant, Walter P. Chrysler, Herbert Bayard Swope, Detroit's Fisher Brothers. Senator Norbeck was amazed to learn that Comedian Eddie Dowling also profited, though making no deposit. There was a strong political flavor to the pool, but Mr. Kenny's, Mr. Raskob's and Mr. Meehan's good friend Alfred Emanuel Smith...
...lance operator who made markets in stocks for corporations or their officials. In October 1928 Operator Breen learned that Board Chairman Rudolph Spreckels of Kolster Radio Corp. (now in receivership) wished to dispose of his holdings. Taking Arthur W. Cutten, famed Chicago bull, and plunging Lawrence P. Fisher of Detroit into partnership, Operator Breen obtained options on 250,000 shares of Chairman Spreckels' stock at prices ranging between $70 and $74 a share. The first day he tested the market by selling 15,000 shares, buying a lesser amount. A few days later he sold 100,000 shares, bought...
Divco to Continental. Continental Motors Corp., maker of engines for many automobiles, last week bought Divco Detroit Corp., manufacturer of milk delivery trucks. Continental lately entered the passenger car field by purchasing De Vaux-Hall Motors Corp. (TIME...
Died. Very Rev. John Patrick McNichols, S. J., 57, president of the University of Detroit; of pleurisy; in Ann Arbor, Michigan. Died. General Jose Francisco Uriburu, 64, onetime (1930-32) Provisional President of the Argentine Republic; of an operation for stomach ulcers; in Paris. Nephew and great-grandson of Argentine heroes, he was a retired lieutenant-general in 1930, emerged at the head of the cadets who seized the abandoned government from President Hypolito Irigoyen. In 18 months of one-man government, President Uriburu turned Argentina's adverse trade balance into a favorable balance...