Word: shenandoah
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
When a company discovers an unwanted deficit, first aid can be brought either in the way of outright cash gifts to increase the assets, or the return of stock, to decrease the liabilities. Last December, Harrison Williams and Goldman, Sachs, viewing the deflated books of their new Shenandoah Corp., permitted it to purchase for retirement 765,000 shares of its own $50 preferred stock at a price below its then current $35 quotation (TIME...
...prices because of seasonal demand. Eitingon Schild's inventories had to be written down, and it did not seem likely that dividends on the 6½% convertible preferred could be maintained. Since Goldman, Sachs underwrote this issue, and since Eitingon Schild's trouble was just that of Shenandoah, decline in inventories, it is an easy guess as to whence came the idea that Eitingon Schild officials turn in about $2,000,000 worth of preferred and common stock, enough to wipe out the expected deficit and provide for dividend payments...
...famed Philadelphia Architect Paul Phillipe Cret has prepared plans for a sturdy Norman-Gothic edifice with a steep-gabled carillon tower, suggesting the village churches of France. A minute side chapel, seating possibly a score, will have altar vessels of duralumin salvaged from the wreck of the Naval dirigible Shenandoah which soared away from Lakehurst and crumpled over Ava, Ohio, in 1925 (TIME, Sept. 14, 1925). Non-sectarian services will be conducted by the Navy's Lakehurst resident chaplain...
...Shenandoah was permitted to purchase. for retirement, 765,200 shares of its own $50 preferred shares at a price considerably below its current $35 quotation. As a result of their favorable refinancing, both corporations closed last week with assets per share not far removed from their original assets-per-share figure...
...Besides large holdings in Goldman Sachs Trading Corp., Central States Electric and Blue Ridge, Chief Shenandoah investments last fall included: American Tel. & Tel., Commercial Investment Trust, Consolidated Gas of Baltimore, Electric Investors (now merged with Electric Bond & Share), Hydro-Electric Securities Co., Southern California Edison, Pacific Gas & Electric , Pacific Lighting, North American...