Word: one-fourth
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However, the trusts had, on the average, nearly one-fourth of their assets in the form of bonds, which declined very little, or cash, which declined not at all. This stabilizing factor kept trust assets from diving to the full depths reached by the stockmarket averages but also retarded their recovery. And the inescapable conclusion was that on their common stock holdings, investment trust managers as a whole would have done better to buy the list of shares in the Standard Statistics averages and take a six-year vacation...
First National's largest stockholder is Chairman George Fisher Baker, son and namesake of the bank's longtime head. The Baker holdings are around 25,000 shares, one-fourth of the stock outstanding. According to the late George Fisher Baker, a prime factor in success is SILENCE. Reared in this tradition, the present Mr. Baker is no public figure, makes news more frequently as yachtsman than banker. Now 57, he went to Harvard (Class of 1899), worked in J. P. Morgan & Co. for a year, has been in the family bank ever since. Few years ago he built...
...Rockart. In New York's Supreme Court last week he brought suit, claiming that during Cass Gilbert's lifetime he had an arrangement guaranteeing him "more than one-eighth" of the gross architectural commissions on which he worked. Since Architect Gilbert's death in May, 1934, John Rockart insists that he was in complete charge of the Supreme Court Building operations, hence deserves one-fourth of the profits on the building during Cass Gilbert's lifetime, three-quarters of the profits since...
...year to pay off the funded debt inherited from Dodge Bros., to spend $11,000,000 on plant improvement, to give employes a cash bonus of $2,300,000 (on present payrolls, about $40 a man). Chrysler sold 843,000 cars to dealers for $516,800,000; sold about one-fourth of all U. S. passenger cars, one-eighth of all U. S. trucks. Chrysler declared a $1 dividend for the first quarter of 1936, compared to 75? for the fourth quarter...
Manhattan, as No. 1 financial city of the Western Hemisphere, leads the U. S. business Press in both quantity and quality The New York Times often allots one-fourth of its entire editorial space to business news. The Times' financial editor is Alexander Dana Noyes. His job, however, does not give him his unchallenged position as dean of financial writers. In years, as in wisdom, he stands apart from and above his colleagues. Born the year that Farragut took New Orleans, he learned about the Panic of 1873 first-hand from his merchant father. He was only a year...