Word: held
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Dates: during 1920-1929
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Whereas last year Schulte Retail Stores formed an alliance with the United Cigar Stores, seemed impregnable, this year cigaret price-cutting slashed into the profits. A report in April disclosed that of seven directors David A. Schulte held 33,000 shares of common stock, Joseph M. Schulte 202, another director 10, the remaining four none. On May 1 the dividend was passed...
Less convincing than his generosity was Cineman Fox's foxiness. Offered in 1925, Fox Theatres stock has paid no dividends, has never responded to continued reports of expansion. In 1928 its earnings were $1.91 a share. Previous attempts to distribute the stock, mostly held by speculators, have been unsuccessful. Early this year a group of brokers ran the stock to 37⅞, but before much was distributed it broke to 21½. Last week it was strong around 28 on belief that the Fox Birthday plan, if successful, will reduce the floating supply...
Speeches by many an oilman and Roger W. Babson, airplane races and stunting. exhibits of $12,000,000 worth of equipment last week entertained 100,000 visitors to the Sixth International Petroleum Exhibition and Congress, held in Tulsa, Okla. Yet to oilmen entertainment such as this can be only transitory. Always jostling their composure is knowledge that world consumption trails production. But one development during the Exposition cheered them, so cheered ever-optimistic Edwin Benjamin Reeser, president of the American Petroleum Institute, that he predicted U. S. production and consumption would balance...
Following the precedent of Mrs. Edith Rockefeller McCormick who borrowed $11,000,000 by issuing notes against stocks held in trust (TIME, July 1), last week Mrs. Matilda R. Wilson, widow of Motor-maker John F. Dodge, offered through her bankers $3,000,000 worth of certificates at 6% interest in a collateral trust of municipal bonds...
...situation which had held up Mr. Guggenheim's confirmation while Secretary of State Stimson hurriedly consulted with the Senate Foreign Relations Committee resulted partly from an anti-Machado resolution received by the Senate and partly from a series of suits for damages brought against the Cuban government by U. S. citizens. High were the crimes and misdemeanors of "El Gallo" as recited by the aggrieved petitioners. He had violated the Cuban constitution. He had illegally manipulated the rich national lottery. His administration had been guilty of extravagance, fraud, political coercion, assassination. Furthermore, he had trampled upon the rights...