Word: pars
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Dates: during 1930-1939
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...also sweetened his new preferred by making it convertible into six shares of common. Old Class A stockholders would get new common, share for share, and each share of Class B would be exchanged for one-half a share of new common. By assigning the new common a par value of only $5, Mr. Lee would also create sufficient surplus to make his big write-down. Mr. Bane's ruling did not affect Mr. Lee's plans but it provided very bad publicity...
...investment brokers, from selling stock of Golden Quebec Mines, Ltd. Golden Quebec, organized at Toronto last December with some $92,000 in assets and 48 claims in a gold district in northwest Quebec, filed a Trade Commission registration in February covering an issue of 350,000 shares at $1 par. The Trade Commission charged that C. Morrison Smith & Co., underwriters of the issue, had sold some 45,000 shares at 65? by means of '"devices, schemes, or artifices to defraud, or by means of untrue statements of material facts. . . ." Among the charges was one to the effect that...
They brought their ship down at 2.37 P. M. EDT, eight hours, 27, minutes after their take-off at Le Bourget airport, Par- is, France...
Munson, the Eli captain, was low scorer of the day with a par round of 73. McInerney was close behind him with a 74. George E. Enos led the Harvard men with...
Continuing his impressive golf of the morning. Captain Mel Heath defeated Ferguson. Pennsylvania's number one man, 7 and 6 for his second victory of the day. Heath was even par when the match ended on the twelfth green. Robert C. Hunter Jr. '36, Melvin F. Hill, Jr. '36, and William F. Sibley. III '35, also were well below 80 to win their matches with case...