Word: mowat
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Dates: during 1933-1933
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...Chase National Bank which salvaged the shares from the wreck of Pynchon & Co. For the two blocks Cord Corp. paid about $2,000,000. Though New York Shipbuilding founders' shares soared from $2 to $20 a share this year, Lou Manning denied any open market operations. Chairman William Mowat Flook stepped down to vice chairman to make way for Mr. Cord and Lou Manning became chairman of the executive committee. Venerable President Clinton Lloyd Bardo stayed on to build the ships. Andrew William Mellon founded New York Shipbuilding in 1899 (see p. 47). Astute, he sold...