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Dwellers in Cincinnati's Millcreek Valley district are well aware of the proximity of Proctor & Gamble Co.'s plant?particularly when the wind blows in their direction. Makers of long-famed Ivory and new-famed Camay soaps and of Crisco shortening, Procter & Gamble Co. is great Cincinnati industry, William Cooper Procter is great Cincinnati tycoon. Last week, however, Procter and Gamble showed a trace of Manhattan influence. To J. P. Morgan & Co. for $10,000,000 went 150,000 shares of P. & G. stock and an option on 100,000 more at $80. Assuming use of the option, the house...

Author: /time Magazine | Title: Business & Finance: Morgan in Soap | 8/12/1929 | See Source »

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