Word: publix
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John Daniel Hertz, Albert Davis Lasker and William Wrigley Jr. were elected to the board of Paramount Publix Corp. Mr. Hertz, retired founder of Yellow Cab Manufacturing Co. of Chicago, will be chairman of the finance committee. Asked whether he had a financial interest in Paramount, Gumman Wrigley last week exulted: "I've been buying Paramount Publix stock for a long time, and I intend to buy a lot more. Just this morning I bought 5,000 shares. I don't know exactly how much...
...they had 73. The 47 new theatres were rented from Fox Theatres Corp. on 26-year contracts, consist of all Fox's Manhattan-Brooklyn-Long Island chain except for the de luxe houses. Fox had tried previously to sell the chain to Radio-Keith-Orpheum, then to Paramount-Publix...
Paramount Publix...
Great Paramount-Publix Corp. reduced its dividend last month. Last week it announced the wages of all employes and executives will be cut on a graded scale ranging from 5% to 25%. The move is expected to save the company from $2,000,000 to $3,000,000 a year, will be effective until September...
...business suffered remarkably little from the period of depression," said he. Al though reliable figures on motion picture attendance are not available, Wall Street, judging by the market, did not agree with that opinion. Warner Bros. Pictures bonds may be bought for 50? to 60? on the dollar. Paramount Publix common stock yields almost 10% at its current price. Many mortgage bonds of Fox Theatres, sold by Halsey, Stuart & Co., can be purchased at between 50? and 70? on the dollar. Loew's common sells at less than 52 times earnings...