Word: got
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Dates: during 1930-1939
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...amicably as U. S. Steel accepted unionization a year and a half ago. Big Steel's subsequent action in cutting prices without cutting wages was thus more striking. It came also just as the Administration's monopoly investigation-whose first subject is likely to be Big Steel-got going. What was more, Big Steel's young Chairman Edward R. Stettinius Jr. made the announcement just before Franklin Roosevelt's fireside chat, then had dinner with Franklin Roosevelt's close advisor Tom Corcoran and several members of the Business Advisory Council. The President thereupon commented that...
With orders to buy 50, 100, 200, 500 shares of leading industrial stocks, trading in the first hour whopped up to 250,000 shares. Last fall in an optimistic moment, the Exchange devised a system of FLASH quotations for use whenever the ticker got five minutes behind. Last week it had a chance to use it for the first time. FLASH-X (U. S. Steel) 49⅞. FLASH-A (Anaconda Copper) 28. FLASH-T (American Tel & Tel) 140½. When the clay's closing bell bonged, brokers had enjoyed the first million-share day since May, Dow-Jones industrial...
Tobacco inventories are bought three years in advance so they can age properly and thus they require a sizable investment. Philip Morris at first got such working capital by borrowing, not by floating securities. But inevitably, as its inventories swelled to a $20,000,000 figure, bank loans became too cumbersome, particularly on top of the $700,000 expense of building a slick new factory, opened last month. So last week with its 519,151 shares of common selling at $95 (on earnings of $10.91 last year, current dividends so far for this year of $5.25)-with its English Blend...
...grinned McKitterick. "You've got...
...launched Marlboro, a 20? cigaret which, with the benefit of an ivory tip, has sold a solid 500,000,000 a year since. Then he lured McKitterick back from a seven-year vacation in Europe and the two quietly began buying Philip Morris stock. In 1931 they had control, got into the 10? field with a cigaret called Paul Jones. But they found themselves making little from Marlboro because a 20? cigaret has only a limited sale, making less from Paul Jones because it had too small a profit margin for big earnings despite its sales of some...