Word: leonor
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Last week neat, genial Joseph H. Nuelle was elected president of Delaware & Hudson Co. to take the place of untidy, scowling Leonor Loree, who retired a month ago. Mr. Loree had run Delaware & Hudson since 1907, same year that Joe Nuelle (pronounced Nelly) started work for New York, Ontario & Western. While Mr. Loree was maneuvering Delaware & Hudson into a national prominence not strictly deserved by its present 847 miles of trackage, Mr. Nuelle was persistently working his way up from assistant engineer to principal assistant engineer to engineer of maintenance of way to chief engineer to general manager to president...
Railroad presidents who sigh when they think of the magnificent open-field technique of Vanderbilt, Harriman, Gould and Hill, sighed again last week when Leonor Fresnel Loree, on the point of turning 80. resigned as president of Delaware & Hudson Co. Mr. Loree has a beard and a ferocious scowl. But despite his age and looks, he was always only on the fringes of the swashbuckling, end-of-the-century railroad men who ran railroads, the stock-market and a few States. He was a Harriman man, less of a giant than a tall man with aspirations...
Thereupon, at the bottom of the market, Mr. Loree used some of the cash to buy a clear 10% of New York Central stock. It was easily the largest New York Central holding. Railroad men spoke of the new Leonor Loree. But last week, six years after the purchase. New York Central stock was worth half what he paid for it, and Mr. Loree was weary of the game...
...industrial averages some ten points lower to 125. U. .S. Steel led the way, going to a new bottom of $61.50-less than half of the year's high ($126.50). New York Central fell to $17.50, lower even than in 1932 when Delaware & Hudson's shrewd President, Leonor F. Loree, thought it a great bargain and bought his road 495,000 shares in the open market at $22.36. Watching the market ski swiftly on, speculators, whether skiers or not, last week wondered frankly what wax it was using...
...between Kansas City and Port Arthur on the Gulf of Mexico, the K.C.S. does a good business each year carrying coal, oil and farm products. It joins the L. & A. at Shreveport. The man who built the Kansas City Southern into a first-class railroad was bush-bearded old Leonor Fresnel Loree of the Delaware & Hudson R.R., ousted from his post of stewardship on the K.C.S. last year by Paine, Webber after a long-drawn-out fight at the corporate polls...