Word: mathieson
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...change compared to the wage scales of a film company like Loews' were the other salaries listed by the SEC. Republic Steel upped President Tom M. Girdler from $117,420 to $129,372 per year, two vice presidents from $58,700 to $64,600. President Edwin Madison Allen of Mathieson Alkali worked for $86,700 in both 1933 and 1934. Donald L. Brown of reorganized United Aircraft will be paid $45,000. Salaries substantially the same in both years included President Walter Cabot Baylies of Boston's Edison Electric Illuminating: $32,000; Vice President Theodore D. Crocker of Northern States...
...shoe string promotions which never got beyond the Commission files, some were privately sold, some will take years to peddle. The rest gathers dust in corporation vaults. The three most notable cases of new industrial financing under the Securities Act were: American Water Works & Electric for $15,000,000; Mathieson Alkali for $6,232,000; Glenn L. Martin Co. for $3,250,000. Investment trust stock accounts for more than half the registrations to date. The liquor industry is in second place, with mining third. The Commission has held up 43 issues offered for registration, due to their promoters...
Spring Station is perhaps the strangest of stockholders' stamping grounds but some other corporations also select out-of-the-way places for their annual meetings. Mathieson Alkali meets at Saltville. Va. (pop.: 2,964), F. W. Woolworth Co. at Watertown, N. Y., near Utica where it was founded, Anaconda Copper at Anaconda, Mont. U. S. Steel meets at Hoboken, N. J., where it serves a light lunch. Not all big U. S. corporations seek inaccessible spots. Of the 29 with the largest number of U. S. stockholders, eight meet in New York, five in Wilmington, two each in Baltimore...
...Though some $300,000,000 of new brewing, distilling, investment trust, mining and a few industrial issues have been registered with the Federal Trade Commission, no old-line company, up to last fortnight, had stepped into the stagnant market for long-term capital. First to do so was Mathieson Alkali Works (industrial chemicals and the world's largest maker of chlorine), which quietly filed a registration statement in Washington for $7,000,000 of new common stock to finance a new plant in Louisiana. Said the New York Evening Post last week: "If one large and reputable corporation takes...
...Mathieson will issue to present stockholders rights to buy one share of the new stock at $30 (present price: $36) for each three shares they now hold. Mathieson's regular bankers. Hayden, Stone & Co.. will head a group to underwrite the issue in the usual manner. But Mathieson will not know whether its plunge was fatal until after the stock has been issued and shyster lawyers have had an opportunity to start nuisance suits...