Word: selling
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Dates: during 1930-1939
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...puny network. Although irreverent young employes stealthily called him Pale Billy (purely a trick of transposition, for he likes hot countries, bright sunlight, is usually healthily bronzed), in three months he tightened CBS's contracts with its affiliates, gathered 22 more stations into his network, refused to sell CBS to Paramount Publix Corp. for $1,500,000. Nine months later he sold Paramount Publix a half interest for $5,000,000, within three years bought the half interest back...
Phillips Petroleum Co., $25,000,000 in 3% convertible debentures (TIME, Aug. 8). Stockholders subscribed to this issue for retiring loans so eagerly that the underwriters, First Boston Corp., had only $1,325,500 to sell the general public...
...Colonel Josh"), who has been a Labor M. P. for 32 years, and No. 7, who is managing director of the firm. No. 1's sympathy for the American colonies has proved prophetic. Of the 2,000,000 pieces of pottery the Wedgwoods make and sell for about $1,000,000 each year, over 50% are sold in the U. S. and Canada, where the favorite pattern is undecorated, embossed, cream-colored. So vital is the U. S. market that when the company's representative in Manhattan, Kennard Laurence Wedgwood, was made chairman in 1930, he stayed right...
...Tennessee, Commonwealth & Southern Corp. is trying to escape TVA's punishing competition by selling out. Commonwealth's President Wendell Willkie wants to sell his integrated properties in one batch; TVA Director David Lilienthal wants to buy them piecemeal, using the threat of municipal competition with lower power rates to get his way. Thus the Electric Power Board of Chattanooga offered to buy the Chattanooga property of Mr. Willkie's Tennessee Electric Power Co., threatened to build its own plant unless he agreed. Last week, in a long letter to the board, Mr. Willkie deftly left the matter...
...number of municipalities along the Colorado River to build their own power plants with PWA aid. Texas Power & Light has 1,277 miles of power line serving 13,200 customers in this Texas area, which is as big as Massachusetts and Connecticut combined. Last week, President Carpenter offered to sell this chunk of his system to LCRA, saying "the difficulties which confront power companies, faced with competition from power projects which are heavily subsidized by gifts of Federal funds, compel us to work out some plan with you to prevent the destruction of our properties. . . ." Mr. Carpenter also wound...