Word: investments
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Dates: during 1930-1939
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...about the same time. First roller skates were added to sewing machines, then bicycles. The company was profitable, frugal Thomas White often saying that a man loses value if he is paid more than $5,000 a year "because he spends all his time thinking about how to invest it." In 1899 Founder White and his three sons were rich enough to buy a Locomobile steamer. Tinkerish by nature, they soon were at the boiler and saw a way to improve it. The Locomobile company was not interested, so the Whites built a steamer of their own in 1900. They...
...called freckled, went angling again last week with his fast-growing Atlas Corp. He offered Atlas shares in exchange for notes in Pick Barth Holding Corp., onetime big investor in Albert Pick & Co., a leading kitchen equipment concern. The offer was not made because Mr. Odium wanted Atlas to invest in the kitchen business, but because Pick Barth Holding will probably be reorganized, hence its noteholders will control 500,000 shares of Goldman Sachs Trading Corp.. biggest of assets left in Pick Earth's treasury. If the noteholders accept, Atlas Corp. will control 2,500,000 of Goldman...
...succeeding with his brother the firm of J. P. Kearns & Co. dealing in burlaps, a pioneer in that line. Instead of doing business from dilapidated hand carts he bought and sold in carload lots, until his retirement from business in 1922. . . . When he retired from business he continued to invest his money and was known along La Salle Street as a shrewd bond buyer. He never dealt in old rags, junk or bottles and was never known as "Bill...
...Sweringen interests were the first to start operations. By an ingenious use of intermeshed holding companies . . . and the funds of the throng who were eager in the days of maniac prosperity to invest in holding companies, they put to-together [the C. & O.] system. . . . Twice our approval was sought and twice it was refused...
Costs. Fundamental difficulty in the cinema industry lies not in production costs, but in the cost of maintaining chains of theatres. It is harder to reduce invest ments in chains of theatres and the costs of running them than to reduce the costs of making pictures to fill them. Producers last year tried to make pictures for $200,000 each. Except Scarf ace, completed early in the year, there were almost none which cost more than $300,000; none, like Trader Horn, which cost $1,000,000 or more. All producers cut office salaries; most producers tried...