Word: sold
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Dates: during 1920-1929
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Last week the preferred stock, now dividendless, sold as low as 21 while the common, now Durantless, went to 4. Although both stocks had already suffered during the break, last week's decline had its own reason-"friendly" receivers were appointed as the result of a petition by Bethlehem Steel Corp., said to be a $400,000 creditor. In this receivership there was not evident the aftermath of the market's break, as had been true in the Fox trusteeship (TIME, Dec. 16), nor of poor trade conditions as in the American Piano receivership (see p. 30). There...
...Dallas, Tex., thieves broke into a wholesale undertaking establishment, made off with 100 shrouds which-they sold to a gentleman who in turn sold them, to girls as the latest mode in party dress...
When Herr-Inventor Robert Bosch incorporated Bosch Magneto Co. of New York it was to be a subsidiary of his Robert Bosch Aktiengesellschaft. But in 1917 the U. S. company was seized as alien property, sold, reorganized as American Bosch Magneto Co. In 1921 Herr Bosch again invaded U. S. markets, forming Robert Bosch Magneto Co., Inc., of Long Island City. Quickly American Bosch Co. brought suit, charged they alone had right to the Bosch name, won a verdict that prevented Inventor Bosch from using his name on products marketed...
...exchanging its shares for shares of other corporations, had thus indirectly endorsed such quotations as 238 for U. S. Steel, 395 for General Electric, 349 for Detroit Edison. In September Shenandoah had announced an intensive selling campaign by which Shenandoah and Goldman Sachs Trading Corp. shares would be sold to small investors. Yet potent and prosperous appeared, last summer, both Blue Ridge and Shenandoah. Their securities and the securities in their portfolios* were rising harmoniously together. Back of them were the magic names of Harrison Williams, Sidney Weinberg. Waddill Catchings. Nobody realized that these were almost the last two investment...
Last week, however, Blue Ridge and Shenandoah sponsors gave first aid to their injured. To Blue Ridge was sold a large block of Central States Electric at a price considerably below the market. Seller, number of shares and price were not announced. But Blue Ridge assets showed a November appreciation of $12,000,000 and Central States on the day of the sale closed at 28. One method of giving Blue Ridge a $12,000,000 profit would have been to sell it 1,000,000 shares of Central States at 16 (12 points below the market...