Word: receiverships
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Consolidated. William Roy Carney, owner of 3,825 shares in Prairie Pipe Line Co., last week brought suit against Consolidated Oil Corp., the big new combine formed by Harry Ford Sinclair to include his companies and the Prairie group, asking for its dissolution. Carney also asked for a receivership. Last week at the new company's first stockholders' meeting, Chairman Sinclair announced the company was ''in the black...
...verify another typical manipulation, Counsel Gray put George F. Breen on the stand. Mr. Breen described himself as a free lance operator who made markets in stocks for corporations or their officials. In October 1928 Operator Breen learned that Board Chairman Rudolph Spreckels of Kolster Radio Corp. (now in receivership) wished to dispose of his holdings. Taking Arthur W. Cutten, famed Chicago bull, and plunging Lawrence P. Fisher of Detroit into partnership, Operator Breen obtained options on 250,000 shares of Chairman Spreckels' stock at prices ranging between $70 and $74 a share. The first day he tested...
...Cathedral of the Motion Picture Art," as Manhattan's $10,000,000 Roxy Theatre used to advertise itself, went into receivership last week. Claimed as chief reason for the theatre's present poverty was the fact that about a year ago Samuel Lionel ("Roxy") Rothafel resigned to head Rockefeller Center's entertainment department. But cinamen know that spectacular Roxy's was unable to make satisfactory profits even when all its 6,000 seats were filled and when Roxy's 118-piece symphony orchestra was a feature...
...estate has been sold, and we expect to come out of this financial difficulty and again take our place as one of the leading industries in the U. S. In this connection, I might call your attention to the fact that the 101 Ranch is being operated under a receivership and is not in bankruptcy...
...long history has been replete with startling achievements. The many presses it has sold make Hoe as synonymous for press as Gillette is for razor, Baldwin for locomotive, Colt for pistol. It was news last week when old R. Hoe & Co. bowed to the inevitable and passed into a receivership. Company officials blamed the decline in newspaper lineage, the fact that publishers are using their old presses to the limit, that "machinery is the last thing people buy in hard times." Yet publishers guessed that competition was also a cause for Hoe's plight, for the company has earned...