Word: inc
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Dates: during 1930-1939
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...last week in Tucson, Ariz. Errett Lobban Cord's Century Pacific Lines, Ltd. appeared before the Arizona Corporation Commission to ask a certificate of necessity & convenience for carrying passengers between Douglas, Tucson & Phoenix on its route from Los Angeles to El Paso. Opposing the plea was American Airways, Inc. with the claim that it had pioneered the territory, that it was giving adequate service with three round trips daily between Tucson & Phoenix, that it could give more whenever traffic warranted and that its investment was threatened by invasion (TIME...
Receivership for G. T. E. With International Projector Corp. and other cinema equipment companies as a nucleus. General Theatres Equipment, Inc. was formed in 1929 by Harley Lyman Clarke and associates. In 1930 G. T. E. startled Wall Street by obtaining control of Fox Film Corp. Mr. Clarke, who had previously regarded cinema business as a hobby, became a big figure in the industry. To finance itself. G. T. E. sold $30,000,000 worth of debentures in April 1930. Last week, with cash low and $22,000,000 in notes nearing maturity, G. T. E. could...
Last week Alice Foote MacDougall added one more item to her list of things for sale. Announced was the formation of Alice Foote MacDougall. Inc., a corporation to operate the restaurant and food products business. Within a month will be offered for sale 105,000 shares of common stock at about $3.25 per share. The company has an authorized issue of 500,000 shares, of which 350,000 will be outstanding. As an inducement to buy, the company can cite a $1,684,000 volume of gross business last year. Peak year was 1929, with $2,100,000. Over...
Squibb Plan. In 1929 famed E. R. Squibb & Sons, chemists, decided that their druggist-customers should be given participation in the business. No offer of stock was made but smart President Carleton Palmer (also active in Canada Dry gingerale) devised what became Squibb Plan, Inc. Druggists were allowed to buy shares in the Plan for $50, ten shares for each store. The money was used by the Plan to buy shares in E. R. Squibb at the same price. The Plan receives dividends on this Squibb store, is also given a 10% rebate on its members' purchases...
...Sloan liked Mr. Wenner-Gren's refrigerator but not his price. Electrolux rights were sold to Servel. Inc., in which Mr. Wenner-Gren & Associates eventually became the largest stockholders. But last week Mr. Sloan must have remembered that visit for it became known that a division of General Motor's Frigidaire Corp. will soon offer the only other gas refrigerator in the U. S. It will be called the Faraday in honor of Michael Faraday (1791-1867), famed physicist. It is expected that sales will be handled in good measure by gas companies attempting to increase their...