Word: stilles
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Dates: during 1930-1939
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Second Fiddle. Because Sonja Henie is still a celebrity-in-the-movies rather than a movie celebrity, a skater who plays in skating pictures, her cinema personality is closer to her real one than Hollywood usually allows. Many of her more literal-minded fans, indeed, have a tendency to interpret her pictures as autobiographical. In One In a Million her fans recognized the story of her painstaking rise to an Olympic title, coached and protected by a loving father who once had Olympic ambitions himself-a figure much like that jolly, bicycle-riding Oslo shopkeeper, Wilhelm Henie. When...
Last week unhappy Specialist Sykes, who trades in 24 (mostly inactive) stocks, went on an involuntary month's vacation, still long 70 shares of Spalding preferred, on whose total purchase price of $1,590 he was out some $500. Reason for his unexpected holiday was the prompt action of Curb President George Peters Rea in revoking his Exchange registration as a specialist for 30 days. Broker Sykes had, said President Rea, "subjected the Exchange to improper indignity by his inexcusable thoughtlessness...
...Power Corp. (assets then $784,298,192). This deal elevated someone new to a dominant position in United: an extraordinary young banker named Floyd Carlisle, who has always been thought of as a "Morgan man," and is today the No. 1 U. S. utility magnate. Carlisle then ran and still runs the St. Regis Paper Co., which happened to own 4,070,000 shares of Niagara Hudson common. By an exchange of stock, United became the largest stockholder of Niagara Hudson and Mr. Carlisle's St. Regis Paper Co. became the largest stockholder in United-owning...
...United announced that it would write down its $581,285,157 paper assets to $144,528,214. In this $436,756,943 write-off-one of two stupendous deflations of book values in the history of the inflating utility industry*-SEC concurred. Before the year was out United made still another obeisance to Bill Douglas and SEC: it registered as a holding company. In doing so President George Howard announced that United intended to reduce its holdings in its four main holding company investments (eventually to less than 10% of each) that it "has determined to continue as an investment...
United has still to invest the remaining $5,500,000 of its market fund, but prefers to wait a little longer-until Danzig pops or recovery clicks. Meanwhile, United's management also waits for opportunities to switch out a wad of its $144,528,214 of utility stocks, and use that capital to become an investment banker, underwriter and integrator to U. S. utilities and other major industries. If it does so, it will have enough capital to operate on a scale that will make other underwriters look puny-among them the still friendly Morgans, whose divorced Morgan, Stanley...