Word: lofting
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Three years ago Phoenix became interested in Loft, Inc., a $10,000,000 Manhattan candy-&-restaurant chain. It lent Loft some $600,000. It also dug into its strongbox for collateral on which Loft borrowed another $400,000 in bank loans, further backed up by Phoenix' endorsement. For such help in a crisis Phoenix got options on 300,000 shares of Loft at $1.50, on 200,000 shares additional at $2. But since Loft had lost money every year since 1934 this did not look like too promising an investment. Last year Loft stock got down...
...suit was against its onetime president, jut-jawed Charles Godfrey Guth, who in 1931 had bought for his own account a controlling interest in, Pepsi-Cola Co., a puny contender in the soft-drink market (annual sales about $33,000). By whirlwind promotion, including sales in Loft...
Graduate of the Connecticut Reformatory (at 20) and Sing Sing (at 21), Buchalter developed from a small-time loft burglar into the wealthy boss of "protective corporations" in Manhattan's fur, garment, painting, trucking and other trades. His gorillas slugged, knifed, threw lye in the eyes of merchants who did not pay up. Murder, if necessary, did not bother Lepke, the Leopard. When he went in for financing heroin smugglers in a big way, he had already become quite used to having people rubbed out. Two years ago he dropped out of sight, jumped bail after being indicted with...
...long before Chicago, shrewdly identified himself with New Deal liberalism, did more than any other man to break the Republican stranglehold on Pennsylvania and to sell civic decency to Philadelphia. He has run the Record'?, circulation from 90,000 to 218,000. His men work in a converted loft building on North Broad Street, but they get the best salaries in town. The Record was the first Philadelphia paper to sign a contract with the Newspaper Guild; the rest have followed. Record men have fun, fight the Inquirer tooth & nail for scoops. The night Huey Long was dying both...
...mighty" lift to Loft, the decision not only handed it Pepsi-Cola but ordered Mr. Guth to turn over back dividends of some $475,000. Mr. Guth was reported interested in a new dark, sweet soft drink. Name: Noxie-Kola...