Word: investors
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Dates: during 1930-1939
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Kitchen Remainder. Sandy-haired Floyd Bostwick Odium, who does not like to be 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...
...companies. Last week there were five such units being offered, four containing 25 securities, one 50. On purchase the securities are registered in the buyer's name and delivered. Pirnie, Simons says that at first the store was thronged with curious shoppers, but that now long-pull investors are flocking in. On a typical day last week Package No. 1 at the store was offered at $258. The market value of the securities in Package No. 1 on the same day was $210. Pirnie, Simons generously offers to buy back securities within one year without charging commissions. Since Exchange...
...investor in the new company was Aeolian-Weber Piano & Pianola Co. which controls companies making pianos (Weber, George Steck). Last week plans were almost completed for a merger of Aeolian-Weber's subsidiary, Aeolian Co.. and American Piano Corp. under the name Aeolian American Corp. Both companies and the 20-odd concerns they control will remain intact...
Counsel Gray wanted to know why Witness Raskob had bought & sold stocks. Senator Couzens, a onetime motor stock investor (Ford) objected to the question, said he could not see "where we are drifting." Witness Raskob said he could not see either. But he explained "for personal reasons ... for income tax purposes to establish a profit or loss." Though readily admitting participation in the Radio pool (TIME, May 30), and a few other bull operations, he emphatically denied any part in General Motors syndicates...
...loan of $1,200,000 from London Trust Co. In later years much of the Insull financing was handled by Halsey, Stuart & Co. and some of the securities were sold abroad. While Mr. Insull is virtually a dictator of Commonwealth Edison, he has never been more than a large investor...