Word: nickels
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Julius Klorfein has been busy all his life. Now 58, he is president of Garcia Grande Cigars, Inc., manufacturers of some of the U.S.'s best-selling nickel and two-for-a-nickel smokes. He came to the U.S. from Russia 40-odd years ago and began turning out his own cigars in the window of a little street shop in Brooklyn. His formula for a mild, cheap cigar caught on. It bloomed into tobacco plantations in Connecticut, factories in the U.S., Cuba, Puerto Rico-all turning out millions of Garcia Grandes...
Give 'Em an Inch. . . . In Denver, Mrs. J. L. Mathews let a stranger use her telephone, after he had gone found no nickel, no telephone...
...catalyst is an innocent chemical bystander whose mere presence on the scene promotes or hastens an activity in which the catalyst itself is not involved. Common example: vegetable oils are solidified with hydrogen, in the presence of nickel as a catalyst, to make kitchen shortening...
First Bob Young's man John W. Davin, new president of the Nickel Plate (New York, Chicago & St. Louis Railroad), told his preferred and common stockholders to expect no dividends for at least five years (they have already waited for eleven years), since all of Nickel Plate's earnings were earmarked for paying off more than $21,000,000 of debt due in 1947. Then Robert J. Bowman, the successful Young candidate for president of Pere Marquette Railway, told his equity holders that they could go begging until $40,000,000 of bonds due between...
With both roads turning in better-than-average earnings, stockholders disgustedly dumped their shares on the market, by week's end had sliced some 10% off all Pere Marquette and Nickel Plate issues. But for stockholders patient enough to hang on, Bob Young's belt-tightening should mean much fatter checks later...