Word: ponts
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...were distributed among its directors for the most part; subsequently, they became concentrated in individual hands, and control of the Company passed in rapid succession from Henry B. Hyde to James Hazen Hyde to Thomas F. Ryan to the elder J. P. Morgan and finally to T. Coleman du Pont. Mr. Ryan placed stock in the hands of trustees for the benefit of the policyholders, and subsequent owners followed his example...
...Pont de Nemours & Co. recently declared a 40% common stock dividend on its 950,609 shares of common $100 par stock, thus increasing the issue to 1,330,852. Shortly before, the stockholders had voted to increase the authorized common stock issue from 1,000,000 to 1,500,000 shares, or from...
...lies a story. According to the company's statement, the stock dividend serves to capitalize an increase in the company's surplus of about $36,000,000 arising from appreciation of the General Motors stock held by the company, from about $42 to $70 per share. Du Pont's holdings of General Motors common, first and last, amounts to about 1,340,000 shares, or a share of General Motors for every share of Du Pont outstanding after the new stock dividend...
...Pont holdings in General Motors developed from an interest in the company shown as early as 1915 by J. J. Reskob, Du Pont Vice President. When after the Armistice W. C. Durant, General Motors head, found himself unable to continue in control of the company, the Du Pont concern, under persuasion of Mr. Raskob, raised $50,000,000 on its own credit to take up Durant's stock in the concern. Since that time the value of the stock has more than doubled, and now the Du Pont stockholders are receiving very substantial dividends from Mr. Raskob...
Profits of rayon-producing companies have been obviously large, yet are shrouded in mystery, as leading concerns rarely issue earning statements. Prominent rayon makers are: in the U. S., the Du Pont Rayon Co. and American Viscose; in Britain, Courtaulds, Ltd.; in Italy, Snia Viscosa. Rayon companies have been able to expand by using their own large earnings, without recourse to the banks...