Word: marche
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Dates: during 1920-1929
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Round 13. Mr. Rockefeller Jr., meticulous, in Egypt, engaged Charles Evans Hughes as special counsel to handle any legal knots which may arise at the stockholders' meeting in Whiting, Ind., on March...
Among new financings of last week was an offering of $32,000,000 in bonds of Railway Express Agency, Inc. Such famed houses as J. P. Morgan & Co., Kuhn, Loeb & Co., First National Bank and National City Co. underwrote the issue. On March 1, subject to the approval of the Interstate Commerce Commission, the new organization will take over virtually the entire expressing business of the U. S. The bond issue culminates two years of effort on the part of U. S. railroad executives, particularly of William Benson Storey, president of the Santa...
...American offices (65 Broadway) would probably be greeted with surprise rather than with interest. For both Adams and American are now holding companies. The actual operating express company is American Railway Express. It is American Railway Express whose functions the new Railway Express will take over on March...
...option by which the railroads could purchase American Railway Express. These options expire Feb. 28, 1929. Last December the railroads, through a committee headed by President Storey of the Santa Fe, acquired control of American Railway Express by acquiring control of its holding companies, Adams and American. After March 1, Adams, American and American Railway will be holding companies...
...bygone days, when bulls were not so fat and bears were not so lean, conservatives estimated that a stock which earned $10 a share should be selling at $100, or ten times its earnings-per-share. In recent years this ratio has been considered extremely backward. Thus, in March, 1928, John Jacob Raskob announced that General Motors should rise to 15 times its earnings-per-share, and the "15X" formula has become generally accepted with regard to industrials. Meanwhile, however, during the November bull market, many a stock rose far beyond the "15X" valuation, reached a price which could...