Word: stockings
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Dates: during 1920-1929
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Wheeling Steel. Plants in West Virginia and Ohio. First dividend on common stock since 1921 was paid in September. Owns 40,000 acres of coal land...
...person who once paid $50,000 for a hundred shares of Auburn Motors would have been lucky to get $15,000 for his stock on October 29th. Goldman-Sachs' famed Blue Ridge investment trust which was to share in the entire sweep of U. S. prosperity was sold at $3 per share. Dozens of stocks of huge companies sold for less than half of what somebody had once said they were worth. So nonsensical did all this seem that some brokers refused to sell out their customers even when technically they might have. But the awful expected began...
Donner Steel. Buffalo company making mostly special steels. Control was bought this summer by Mr. Eaton who paid $35 per share for the stock held by President William Henry Donner. Later the same offer was made to the minority holders. Company recently lost a patent suit to the Witherow Steel Corp. Eaton interests are now reported seeking control of Witherow...
...supposed to control enough steel companies to enable him to form a single unit that will challenge Bethlehem's position as second biggest U. S. producer. Until plans for this consolidation are completed, it is probable Mr. Girdler will advise the Eaton group on technical matters and stock activity. Chief companies with which Mr. Eaton is identified include...
Youngstown Sheet & Tube. Third largest producer, making mostly pipes, sheets and tubes for the oil and automobile industry. Three-fourths of the plant and most of the directors located in Youngstown, Ohio. Twenty per cent stock dividend paid...