Word: stockings
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Dates: during 1920-1929
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They asked him about International Harvester stock and his holdings in it. He showed that the stock had lately (while he was running the company) ranged upwards from $224.25 to $394.25 per share. When it was split 4 for 1, it reached $142 per share. His holdings, he said, are now worth about one million dollars, a fraction of 1% of the capitalization...
...this was vital news because in 1927 Dillon, Read & Co. painted out that the Deutsche Bank is closely connected with most of the leading German industrial and commercial enterprises. Not only did Dillon, Read sell $25,000,000 Deutsche Bank notes to U. S. investors, but some of the stock of this and of the Disconto has been bought with U. S. money...
...very original, great and influential architect indeed, although personally impulsive and improvident. Last week certain of his Chicago friends decided that they could at least overcome his improvidence. They made him become an institution with a charter. Frank Lloyd Wright, Inc. has issued $50,000 worth of preferred stock. He himself is no stockholder...
...Detroit merger was an example, as was the Corn Exchange Bank and Trust Co.-National City Bank consolidation (TIME, Sept. 30). The other current is the grouping of separate units through one controlling corporation. Greatest examples of this are the Transamerica Corp., the Northwest Bancorporation, the First Bank Stock Corp., the Guardian Detroit Union group, the New Midland Marine Corp. (TIME, Sept. 30), the Bancohio Corp., organized last week and the Banco Kentucky Corp. which will shortly purchase the Brighton Bank & Trust Co. and the Pearl-Market Bank & Trust Co. both of Cincinnati...
Electric. When the same man is chairman of two companies in similar lines and one of these companies owns a 13% interest in the other, besides having an agreement to give it financial service, a merger in which the first company offers to acquire the remaining stock of the second is not astounding news. Last week this condition occurred when Sidney Zollicoffer Mitchell's Electric Bond and Share Co. offered to exchange its stock for Electric Investors, Inc. While Electric Investors, Inc. is a strict holding company with 87% of its investments in utilities, Electric Bond and Share...