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...fancy of a darkly handsome British real estate tycoon named Max Rayne. Two years ago he bought one-third of the hotel from William Zeckendorf, later bought the whole thing when Zeckendorf became even harder pressed for cash. Last week representatives of Rayne's London Merchant Securities Ltd. concluded an agreement for a huge and shrewd real estate deal involving the Savoy Plaza...
...glory and the proven reserves belong to the lode's Yank discoverer, Texas Gulf Sulphur, Canadians were particularly pleased when one of their own companies seemed on the verge of its own strike. It was only a small company with a long-shot name-Windfall Oils & Mines Ltd.-but it began moving quickly on faith, hope and rumor...
...much earlier. Other companies controlled by the MacMillans held 900,000 shares in Windfall-and Canadian law, unlike that in the U.S., does not force company officers to disclose what they have bought or sold. The Toronto Stock Exchange took a close look at Consolidated Golden Arrow Mines Ltd., one of Viola Mac-Millan's companies. At the exchange's request, Viola disclosed that at the beginning of June, Golden Arrow had owned 120,000 shares of Windfall, then bought an additional 38,000 shares for $30,778. All of these 158,000 shares, she said, had been...
Great Britain, which exported the industrial revolution to the world, has been embarrassed in recent years by a technology that lags far behind the U.S. and much of Europe. Among the notable exceptions to this lack of inventive spirit is a 138-year-old firm named Pilkington Brothers Ltd., Britain's largest glassmaker. Pilkington's new "float glass" process has not only brought dramatic change to an ancient industry but restored some glitter to Britain's industrial reputation. Last week Pilkington completed a licensing agreement that allows Ford Motor to produce float glass for its autos...
When Entrepreneur John Bloom, then only 30, offered 500,000 shares of his Rolls Razor Ltd. on the London Exchange two years ago, investors grabbed them at $3.50 a share. On Bloom's rising reputation and Rolls's rising washing-machine sales, the hot stock doubled. In recent weeks, however, London's City has buzzed about troubles at Rolls, and the price of the company's stock has fluttered wildly. Last week, just two years and 51 days after John Bloom's stock was listed, it fell with a mighty crash. Nine minutes before...