Word: prospectuses
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...Montreal is La Luz Mining Corp., operator of a Mexican gold mine. La Luz lately sought to register with the U. S. Securities & Exchange Commission and sell U. S. investors 100,000 shares of preferred stock at $1.50 a share. In its prospectus it based the value of its mine on the showing of a "mineral indicator" invented by "Professor Philip Haas, scientist and geologist with a world-wide reputation...
...purpose was to cut down on the mass of irrelevant corporate information which was of no interest to anyone-least of all investors, who can hardly be persuaded to read a four-page prospectus in large type. A statement filed on the old form by Republic Steel weighed more than 50 Ib. On the new form Bethlehem Steel registered a $5,.000,000 bond issue in one volume, weighing...
...Swift bonds will carry a 3¼% coupon, probably the lowest rate for an industrial bond issue since before the War when General Electric sold an issue of 3½s. When Swift officials reported that the 50-page registration was no more troublesome than an oldtime prospectus, Chairman Kennedy, happy as only a Boston Irishman can be, exulted: "This issue is very good evidence that at least the breaking of the jam is starting. It is a marvelous step in the right direction...
...children's paper: Young America, The National News Weekly for Youth, to go on news stands March 6. Publisher & Editor is Stuart Scheftel, who belongs to the rich Straus family that owns R. H. Macy & Co. department store. Except that Young America will be in color, its editorial prospectus closely resembled The Boys' & Girls' Newspaper although each was planned independently...
...agreement President Thomson was tried first. Aside from the question of venue-whether the crime, if any had been committed in Farmer Bosshard's county-the trial revolved largely around a prospectus which asserted that "the earnings of the group applicable to stock ownership of the Northwest Bancorporation" were $3.20 per share for 1930. The State tried to prove that since earnings of the subsidiary banks were not actually paid to the parent company, the parent company really had no earnings at all; and since Farmer Bosshard bought the stock of the parent company under the impression that...