Word: jol
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Dates: during 1962-1962
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...precariously higher, Schwartz has brought off some imaginative deals. Two years ago, Jonathan Logan merged with Montana's moribund Butte Copper & Zinc Co., took over its assets, earned $2,700,000 after taxes. Through Butte, Jonathan Logan got a listing on the New York Exchange (current trading symbol: JOL), became the first ladies' ready-to-wear maker to make the Big Board. The highly competitive garment business had been suspicious of "going public" because that requires a company to publish intimate financial details. But after Schwartz showed that public listing also opens better lines of credit, there...