Word: market
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Dates: during 1930-1939
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...that the S. P. C. P. G.* is a trifle more than a "joke," that it does everything in its power to help "George," that its last known public appearance was in the U. S. Patent Office in July 1930. Electromaster, Inc., manufacturing cleaning and scouring powder, intended to market the product under the trade-mark of "Let George Do It" and for that purpose filed a trade-mark application. Opposition #10833 was filed by the Society. The Notice of Opposition recites that the society is "unincorporated under the laws of all States and having an office and place...
...unhappy crack-downee is buried at the bottom of the column. Particularly irritated by this procedure because the firm was just getting on its feet after a severe Depression deflation was Otis & Co. Cyrus ("The Great") Eaton's Cleveland banking house which was charged last spring with market rigging (TIME, April 13). Last week, in one of the first court decisions in an SEC stock manipulation case, Otis & Co. was exonerated...
...beginning Otis bought from a few big holders some 5,000 shares of Murray Ohio Manufacturing Co., distributed the stock to customers as a likely investment. While the firm was selling the stock the market price went up. It stayed up, and last week was selling for about twice as much as the customer paid for it. SEC held that the stock had been manipulated with the idea of attracting buyers. Said Federal Judge Samuel H. West in Cleveland last week: "Many things have been done and are done by dealers desiring to influence others to purchase stock through manipulated...
...point SEC did gain a victory. When Otis bought the Murray Ohio stock originally, the big stockholders it bought from agreed not to dump any of their remaining shares on the market for a certain length of time, a fact which was not stated in the offering prospectus. Bullish for the broker though such a statement would have been, the Court held that it should have been published, ordered that the like be published in future. Said the Otis lawyers last week: "The question as to what information should be contained in the prospectus has been the subject...
Early in the autumn of 1934 an advertiser who did not want to pay the full cost of chain broadcasts, but wanted to reach the New York and Chicago market areas, approached officials of WOR, the Bamberger Department Store's station, asked if they could arrange for a program on both WOR and WGN, radio outlet of Colonel Robert Rutherford McCormick's Chicago Tribune. The advertiser proposed to pay only the station rate of each. This meant that the stations would have to absorb the wire charges for carrying the program between the two cities. They...