Word: huppe
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Just because last week's rumors failed to include the other independent motor-makers, it did not mean that the urge to merge was lacking. Hupp's biggest individual stockholder, Promoter Archie Andrews, has been thumping for a big merger for years, would undoubtedly like to try his hand at matchmaking if nothing comes of August's moon. Though Graham-Paige broke even last year, it would have as much to gain as to lose by merging. As for companies which have already gone to the wall like Franklin and Willys, merger is their main hope...
Last September Hupp Motor Car Corp.'s biggest stockholder, Promoter Archie Moulton Andrews, backed a proxy campaign to oust the entire management of Hupp, particularly Directors Charles Hayden and Moritz Rosenthal who are potent in Hupp affairs. The proxy appeal to stockholders said: "It is sufficient ... to point out one record which shows that the president of your company, during two years, drew $250,000 of salary while the company reported losses in excess of $8,000,000. . . . Large stockholders . . . feel that it is about time that the management of the corporation is brought to the realization that...
...Hupp president who took "$250,000 of salary" was DuBois Young. Last week he parted with his job. But that did not mean Promoter Andrews had triumphed. Mr. Young was succeeded as president by Charles D. Hastings, venerable chairman of the board who has been with Hupp since it was founded in 1908. His selection only preserved the status quo. Moreover the three stockholder representatives of the board (which also contains three Hupp distributors and three factory representatives, among them Mr. Hastings) still include Messrs. Hayden and Rosenthal, leaving Promoter Andrews, the third, in the minority. Last week Mr. Andrews...
...total to 1,725,000, more than 40% above the first nine months of last year. Dodge dealers reported sales for the week up 684.4% from a year ago, De Soto dealers 238%. Packard sales for September were at the highest monthly level in more than two years. Hupp reported a production gain for the fifth consecutive month. General Motors reported that Buick's September sales were 1,400 units above the previous year, Pontiac's 5,000, Chevrolet's 38,000. Combining the Buick, Oldsmobile and Pontiac sales organizations had not only bolstered dealers but increased...
...vigorously opposing it. Henry Ingraham Harriman appearing for the U. S. Chamber of Commerce, James Augustan Emery for the National Association of Manufacturers, protested that the bill would work vicious harm, upset industry, prevent recovery. The automobile business sent a sheaf of opposing telegrams, wires from Chevrolet, Chrysler, Hudson, Hupp. Not wholly isolated was Mr. Swope, however. Many opponents qualified their opposition, indicating that if the strict six-hour, five-day-and-no-more provision were made more flexible, they might feel differently. Henry Ford was reported in favor of the bill. Two other notable industrialists who favor the general...