Word: receiverships
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Dates: during 1940-1949
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...Profits and the Losses. The court decisions raised hob. Hardest hit were junior bondholders and stockholders in receivership railroads. They have watched railroad profits soar skyward for months, had become convinced they could get the ICC-sponsored reorganization plans changed enough to make their holdings highly profitable. When the Court said no, receivership rail stocks on the New York Stock Exchange nose-dived 50 to 80%. Prices for junior bonds jumped the tracks. Western Pacific preferred stock flopped from $3 to 70?; Rock Island 7% preferred from...
...millions of U.S. security holders in receivership railroads last week came important news: a new and comforting reorganization plan for giant Missouri Pacific Railroad (in bankruptcy since 1933) will soon be announced. When & if the new plan goes through, it may start a chain of revisions in other reorganization schemes, give an unexpected break to their stock and bondholders...
Temporary alimony of $4,000 a month was asked by ex-Musicomedienne June Knight from Husband Arthur A. Cameron. A Houston court put his Texas oil properties in receivership pending her divorce suit...
Cocky, independent automaker Studebaker Corp. - which was in receivership in 1933-35 - last week had something it could really crow about: its 1942 munitions out put will hit $215,000,000, twelve times its total World War I arms production and double its biggest peacetime year. Main reason: the company's remarkable ability in mass-producing intricate, 8,000-part, 1,200-h.p. Wright Cyclone engines for giant four-engined U.S. bombers. Studebaker turns them out in huge, sparkling, air-conditioned factories at South Bend, Ind., had speeded the job with time-killing machines like the 1 75-foot...
...last year. For a while there was only one picture in production—and a huge operation like R.K.O. needs much more than that to stay in the black. In fact, R.K.O. is scraping the bottom of the barrel again, and Mr. Odium, who got it out of receivership in 1939 was out looking for a $3,000,000 working-capital loan (which he will probably get from New York City's Manufacturers Trust Co.—provided he guarantees...