Word: launching
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Dates: during 1930-1939
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Publisher Funk's new monthly venture appeared last week, a 128-page 25? "Popular Guide to Desirable Living," Your Life-in format similar to Reader's Digest, whose printers (Rumford Press) also produce Your Life. To launch the new monthly, Mr. Funk formed Kingsway Press Inc., Scarsdale, N. Y., with part of the reported $200.000 proceeds from the sale of Literary Digest, made Brother-in-Law Bert C. Miller president. Vice president is Douglas E. Lurton. onetime supervising editor for Fawcett Publications, and managing editor of Literary Digest during its last year. Edited by Douglas Lurton, Your Life...
Under SEC regulation it often takes: six months to launch a new capital issue, for the plan must be registered with the SEC to get approval for sale. This caused little trouble so long as stock prices were going up. Since prices have been falling there has been utmost confusion. Perfect example was an issue of $44,000,000 offered by Pure Oil Co. and underwritten by 42 firms headed by Edward B. Smith & Co. The new $100 preferred stock was made convertible into four and one-half shares of authorized common, thus evaluating the common at $22.22 per share...
...newspapermen, tossing in a small boat, made the first contact with another diffident news character, Charles Augustus Lindbergh, homeward bound on the cruiser U.S.S. Memphis after his flight to Paris. Just as in 1927, a boatload of reporters had been out all night in a motor launch named Pirate just in case the City of Norfolk suddenly dropped Mr. Justice Black before docking at Norfolk. Only result of this precaution, as it turned out, was that the Pirate'?, bedraggled crew boarded the liner a little later than the landlubbing newsmen who had stayed ashore...
...mantle of office. Some of his oldtime liberal colleagues became bitter (he was eventually attacked by the New Republic), catalogued him as a conservative, denounced him for having lunched with Wall Street bigwigs. Although he worked prodigiously to keep the SEC's complex mechanism functioning, he did not launch any great crusade...
...living in Los Gatos, Calif, since publication of his best-selling Of Mice and Men* (167,000 copies) Mr. Steinbeck can well afford to abandon an erstwhile $25-a-month budget which he and his tall, brunette wife Carol supplemented by fishing, not for fun, from their own launch in Monterey...