Word: shared
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Dates: during 1920-1929
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...tendency of tightening money rates is more due to an attempt to discourage speculation than to registration of any fundamental unsoundness of industry. With the banks continuously increasing their deposits, it is natural that these surplus funds will be placed in outside channels seeking good investment. "I do not share the opinion that the present movement of the stock market is due to any one man or group of individuals but is due to world-wide prosperity. . . . In Paris, London and Berlin good securities have had terrific advances. The world's capital is seeking profitable investment...
...despatch from Detroit which the New York Herald Tribune printed: "Another report current in the financial districts is that the present move is only part of a larger plan whereby, when the present deal is completed, Chrysler will enter the General Motors Corporation through an exchange of one share of General Motors common for two shares of Chrysler and that Walter P. Chrysler will become president of General Motors." That may be set down as improbable...
...concern was in good condition for refinancing, for letting the investing public share in it. Lehman Bros, of Manhattan took the initiative; Field Glore & Co. of Manhattan and J. H. Holmes of Pittsburgh joined them in the underwriting. Joseph Horne Co. was incorporated for $7,500,000 preferred stock and 240,000 shares of no par common stock. But, although Home's department store was thus a quasi-public institution, no preferred stock was sold, and only 40,000 of the common. That common already is listed on the Pittsburgh stock exchange, but is closely held. Homes, Sheas...
...famed Rear Admiral) has found his greatest problem in integrating the several organizations. To get the correct solution he is not hurrying his staff. That policy Postum directors approve, and they have postponed the increase of Postum's dividend rate. It has been $5 a share (all common, no preferred) since August, 1926. There was one 100% stock dividend and a second is believed imminent...
...increase, 2%. The company's net sales the first three months of this year were $21,139,535; last year $12,704,761. Net income those months this year $3,910,160; last year $3,345,134. Stock last week sold as high as $135.75 a share...