Word: shared
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Dates: during 1920-1929
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...Justices Holmes, Brandeis and Stone. Justice Butler, as a onetime railroad attorney, did not participate in the case. The Court's ruling set at naught the valuation placed by the I. C. C. on the O'Fallon, relieved the road of paying to the U. S. a share of its profits on that valuation and sent rail stocks jubilantly sky-rocketing in Wall Street. C. & O. spurted up 23 points...
...Five. No uncommon occurrence is a stock split-up on a five-for-one basis, involving exchange of five new shares for one old share, but a stock split-up involving one new share for five old is not so unusual or so pleasant. Such, however, was the arrangement last week urged by P. A. S. Franklin, head of International Mercantile Marine Co. (operating the White Star,* the Red Star and other lines), who suggested reduction of capital from 120 million dollars to 30 million. Not only were common stockholders asked to turn in five shares for one, but holders...
Arkansas Natural Gas. Of Arkansas Natural Gas, Mr. Broun holds no less than 100 shares, the purchase apparently having been inspired by the 500,000 share turnover (TIME, May 13) during one day last fortnight. Mr. Broun bought the preferred, which has been almost stationary around 8. With his Arkansas Natural Gas, his public morality got once again all entangled in the tentacles of the Superpower Octopus. For Arkansas Natural Gas is a subsidiary of unique Henry Doherty's Cities Service Co., great among U. S. utility companies...
...origin, the character and the abilities of his new Freshmen before they come to him, so that he and his instructors may advise them wisely, and help them make the most of their own possibilities. If a house has a real esprit de corps, the upper-classmen will share this interest in the new men, and will be of immense assistance in the process of getting the Freshmen adjusted to their new surroundings. In other words, the proverbial chasm between school and college will be bridged at last...
...name, bought into the New England Power Association, became a seller of electricity. The paper business was in a bad way. In 1928 the gross income of International was 54% from power, 25% from paper, 21% from miscellaneous sources. The company was not getting its lion's share of what newsprint business there was. In order to sell its output, International decided to invest in newspapers, to "buy a market." A case in point: in 1927 International had supplied one-third of the newsprint for the Herald and Traveler, in 1928 one-sixth. The outlook for 1929 was dubious...