Word: dye
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Between appearances of its abbreviated annual reports Allied Chemical & Dye Corp. has never dropped a word to its stockholders or the public as to sales, earnings or business prospects. Last week, its traditional secrecy doomed by the Securities & Exchange Act and Orlando Weber, its traditional boss, in reticent retirement (TIME, May 27 et seq.), the big chemical company dropped precisely 79 words-each one of which had undoubtedly been long pondered by its lawyers...
...Sales in the U. S. by Allied Chemical & Dye Corporation in May 1935, were larger than in any month since October 1930, a period of almost five years, the Company announced today...
...Allied Chemical & Dye Corporation serves a wide range of basic industries throughout the country, including steel, agriculture, oil, textiles, glass, soap, building and roadmaking. This statement may be of interest in connection with the basic industrial situation in the U. S. during the last month...
Allied Application. Upon the retirement of Orlando Weber from Allied Chemical & Dye Corp. last fortnight, that secretive company announced its intention of filing with SEC an application for permanent registration on the New York Stock Exchange. Wall Street assumed that at last the most mysterious corporation in a mysterious industry was about to be thoroughly aired (TIME, May 27). But last week when the application was formally filed, SEC was surprised to find no schedule of the company's $39,000,000 marketable securities. Salaries were submitted confidentially with the remark that none was more than...
Having in ten short years made Allied Chemical & Dye Corp. into the most successful chemical company in the U. S., Orlando Weber planned to retire in 1929. The Depression came. When he quit last week he could proudly point to a $400,000,000 balance sheet with $55,000,000 in cash or its equivalent; more proudly to $200,000,000 paid in dividends with no Depression interruption; and most proudly to the fact that he has never cut wages...