Word: millions
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Dates: during 1920-1929
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Last week a select portion of the U. S. public was permitted to buy stock in Shenandoah Corp., a newborn investment trust which came into being with a silver spoon of $102,000,000 resources in its mouth. Eager, the public snapped up one million shares of common, one million shares of preferred, paying up to 42 for common offered at 17½ and up to 60 for preferred offered at 50. By midafternoon of the first day's sale there was no Shenandoah stock available...
...interested should suddenly be demolished, one U. S. electric light out of every ten would go dark. The investor in Shenandoah is virtually turning his money over to Sidney Weinburg and Waddill Catchings of Goldman Sachs and to Harrison Williams of Central States Electric Corp. -men whose names are million-dollar assets in billion-dollar industries...
Last week, the directors of Middle West Utilities Co., great Insull holding company, voted a 10-to-1 splitup of its stock which, selling at $158 late in June, touched $370 per share last week. Stockholders were given 67 million dollars worth of "rights...
...measured a record-breaking turnover one day last week on the New York Curb Market. It was about a quarte-million shares over the previous high total (June 28). Utility trading accounted for the new high, 895.100 shares of Niagara Hudson Power turning over during...
...stamped last week on a model A Ford. The first million took 13 months; the second million six months, 20 days. Third million will take even less time...