Word: ince
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Dates: during 1930-1939
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...Philadelphia teams, the Pittsburgh Pirates and a host of minor leaguers-will give players $5 books of gas-&-oil coupons for home runs and shutouts. Socony-Vacuum will cover twelve major-league teams, many minors. Biggest plunger of all will be a perennial baseball sponsor, General Mills Inc., with 14 major-league teams (all but the Boston Bees and Red Sox) and most of the minors, playing their hearts out for its Wheaties...
Last week, as Lawyer Brookes became president of American Newspapers Inc., top Hearst holding company, he nostalgically recalled that he used to be a newspaperman himself. He was a cub reporter on the Washington Herald in his law-school days, long before Hearst bought & sold the Herald. He has had, however, another and longer connection with the business: the new head of the largest U. S. newsprint consumer has been since 1933 a director of International Paper Co., largest paper company in the world...
...Extended its attack on the Giannini interests by seeking a permanent injunction to restrain Timetrust, Inc. from further sale of certificates representing ownership in various Giannini banks. About $1,600,000 in such certificates is outstanding. SEC charged that they are a means of "obtaining money ... by means of untrue statements" such as that their purchase is similar to starting a savings account. Timetrust's President Meredith Parker retorted that SEC was using "unlawful and unwarranted tactics" to embarrass the Giannini family...
Cinema, always the most open-handed U. S. industry, outdid itself in 1937. Metro-Goldwyn-Mayer Corp. alone paid 240 salaries of $15,000 or more, and M. G. M. and its parent company, Loew's Inc., paid the two biggest salaries of all: $1,296,503 in salary and bonus to Production Executive Louis B. Mayer, $694,123 to Loew's Vice President J. Robert Rubin. Loew's President Nicholas M. Schenck got $489,602. Highest paid performers: Actress Greta Garbo, $472,499; Actor Fredric March (who deserted Hollywood for Broadway...
Pointing out that both indicted directors and the vice president had resigned, McKesson & Robbins' Trustee William J. Wardall declared: "The indictment . . . should in no way impair the continued public confidence in the administration of McKesson & Robbins, Inc., whose business is progressing soundly towards full recovery." McKesson's net sales for February, said Trustee Wardall, were up nearly three quarters of one per cent from February...