Word: liggett
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...that figure been exceeded-in the bear market of May 1930. At the end of the two-hour session, the new high-speed ticker was 41 minutes behind the floor. A. T. & T. jumped 5½ points to $119 a share, American Car & Foundry 5¼ points to $25.25, Liggett & Myers 4¼ points to $91.50, Union Pacific, which last week announced that within six months it would start operating a fast new streamlined train (see p. 12), shot up 10½ points to $112 a share. Most commodities were whirled up to the highest prices of the inflation boom...
...highs as a result of the gold embargo and subsequent developments were: 1933 1933 Low High U. S. Steel 23⅜ 44½ General Motors 10 18⅞ International Nickel 6¾ 15 American Can 49½ 7 6 Homestake 145 204⅞ Anaconda Copper 5 15⅛ Liggett & Myers 49 ½ 79 National Lead 43¼ 90 Utah Copper 35 60 New York Central...
...Louis K. Liggett Co. Drug Inc.'s Liggett chain with 450 stores has long been in difficulties by reason of falling sales. Chief expense needing reduction to make ends meet was rent. Arduous efforts were made to get Liggett's landlords to join in granting rent relief of $1,400,000 in order to carry on. In recent weeks this result was practically achieved but sales fell faster than rents. Last week the company gave up, went into bankruptcy...
Leading oil was (as always) Standard of New Jersey. Liggett & Myers (Chesterfields) had beaten out George Washington Hill's American Tobacco (Lucky Strikes) as the favorite tobacco stock. Kennecott Copper replaced International Nickel as the leading metal. Favorite bank stock was Guaranty Trust, favorite specialty International Business Machines...
...Four" brands had to pay from 11? to 15? a package. Mr. Hill had not quite kept his promise-yet. He had cut the wholesale price of his Luckies from $6 per 1,000 (to which they were reduced from $6.85 last month) to $5.50 per 1,000. Liggett & Myers Tobacco Co. (Chesterfield), R. J. Reynolds Tobacco Co. (Camel) and P. Lorillard Co. (Old Gold), who always act with Mr. Hill in price questions, followed suit. Dealers get a trade discount of 65? per 1,000. A price of 11? a package would give the dealers 1.3/10? profit...