Word: stocked
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Dates: during 1940-1949
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...million and 75,000 shares of Hoving Corp. common stock (worth about $800,000 at its present price), he bought control of New York's six John David, Inc. men's wear stores (last year's gross: $8.8 million). That deal gave Hoving a total of 13 stores, boosted his current gross to an annual rate of $28 million...
Hoving was expanding by shrewd use of his capital-$2.6 million from such bigwig friends as Vincent Astor and CBS's William S. Paley, and a $12 million stock issue. He had paid $10.5 million for Bonwit Teller, Inc., then sold the store's buildings to the Equitable Life Assurance Society for $6.3 million and rented them back for $320,000 a year. He put some of that money into a new $2.2 million Chicago branch which he sold to Prudential Insurance Co. of America, and leased back. Another $800,000 was spent transforming Boston's historic...
Last week, Hoving explained what he was up to. Said he: "When business dips downward, the very big stores are going to find it hard to maintain their volume. But a chain operation, spread over many cities, with no investment except fixtures and stock, can maintain the same volume by expanding the number of outlets...
...Wind River Valley, brought in a producing well at 14,309 ft., a record depth. (Previous record for a producing well: a 14,000-ft.-deep well in Grady County, Okla.) In a 41-hour test, the well flowed 1,413 barrels. The news sent Pure Oil's stock up 4½ points to 40 in one day on the New York Stock Exchange...
...Change of Hat. Serials now cost so much to make (four times as much as they used to) that the whole trick is speed and economy. Stock shots of escapes and chases are lifted from old films. All horses except the hero's and the villain's are picked for their nondescriptness; wheeled back & forth in front of the camera, five of them do the work of 50. In the same way, extras are multiplied by frequent changes of hat. Serial units frequently shoot 125 scenes, up to 18 minutes of finished film, in one day. Average...