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...receive $41,990,000 through the action. Electric Bond & Share declared its regular stock dividend but announced that in future payments will be determined annually. Its big subsidiary, United Gas Corp., halved its first preferred. Transamerica Corp. announced that while it could pay a dividend now it will not. Penick & Ford, Ltd. surprised Wall Street by doubling its usual 50? extra. Chesebrough Manufacturing and Bon Ami maintained their extra payments but Coca-Cola passed its usual $1 extra (blamed: taxation). R. H. Macy & Co. passed its usual 5% stock extra. Chesapeake & Ohio maintained its $2.50 rate and is the only...

Author: /time Magazine | Title: Business & Finance: Deals & Developments | 11/28/1932 | See Source »

...director of Standard Oil Co. (New Jersey). His father was vice president of the company in charge of its lubrication business. His uncle was the late Edward Thomas Bedford, founder & head of Corn Products Refining. He is not to be confused with his cousin Frederick Thomas Bedford, president of Penick & Ford, Ltd. Dr. Rush Rhees, president of University of Rochester, was elected to the board of Eastman Kodak Co., filling the vacancy caused by the death of his good friend George Eastman...

Author: /time Magazine | Title: Business & Finance: Personnel: Nov. 21, 1932 | 11/21/1932 | See Source »

...Although Corn Products Refining Co. was favored by the Government's decision that corn sugar may be used without labels, its half of $5,494,000 compared with $6,641,000. Its smaller rival (and recent legal conqueror) Penick & Ford showed a greater drop with $631,000 against...

Author: /time Magazine | Title: Business & Finance: Cross-Section | 8/3/1931 | See Source »

Corn Products Refining is a far greater company than Penick & Ford. Last year it earned $14,067,000 against $16,309,000 in 1929. Its total assets come to $127,393,000 against Penick & Ford's $14,097,000. Some 9,000 people own its common stock. Corn Product's best known brands include Argo starch, Mazola oil, Karo syrup, Linit starch, Cerelose sugar, Kremel pudding powder. Since Father Bedford was believed to be one of its largest shareholders, Son Bedford may find himself in the strange position of having a more valuable investment in Corn Products than...

Author: /time Magazine | Title: Business: Father & Son | 6/1/1931 | See Source »

...would spend a month or so with his father at Lake Wales, Fla. Each admired the other. But years ago they made a rule never to discuss business together. The rule was very seldom broken even to mention such important matters as Corn Products' patent infringement suit against Penick & Ford, or Penick & Ford's patent infringement suit against Corn Products...

Author: /time Magazine | Title: Business: Father & Son | 6/1/1931 | See Source »

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