Word: receivership
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Today, Mr. Fox, Mr. Wiggin and Mr. Hoover have the common bond of being ex-presidents and Mr. Dodge is an ex-vice president. Harley Clarke's General Theatres Equipment company is in a receivership and so is Fox Theatres. Loew's, Inc. (and Metro-Goldwyn-Mayer), again independent, remain solvent and prosperous, having made a profit of $4,034,000 for the year ending Aug. 31, 1933. But the disputed 660,000 shares of Loew's. Inc. (the majority holdings bought by Mr. Fox) have been segregated by the U. S. Government. They may be sold...
...your issue of Oct. 30, there appears the story of the receivership of the National Life Insurance Company...
Unlike most publications giving this news, you took occasion to effectively explain in a footnote that the National Life Insurance Co. of Montpelier, Vt., was in no way involved in this receivership...
...depositions in which they denied, as they have always done, any agreement to pay off Lincoln's former creditors and stockholders. Last week an eleven-man jury (one was dismissed for expressing his opinion of Henry Ford ) ordered Ford Motor Co. to pay Sweeten Automobile Co., now in receivership...
...Brothers defaulted on its bonds more than a year ago. Britain's potent publisher, Canadian-born Lord Beaverbrook, whose papers used Price newsprint and whose brother Allan Anderson Aitken was a director, tried his hand at reorganization but was blocked by the bondholders. Last April Price slipped into receivership. Other interests including Duke-Price Power (Aluminum Co. of America affiliate) wangled for control. Last week the bondholders committee sold Price Brothers to 55-year-old Bowater Paper Mills of London, dominant newsprint makers of the British Isles...