Word: stockings
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Dates: during 1920-1929
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...company, did sell it last week-to United Aircraft & Transport Corp. President Gordon Sohn Rentschler of Manhattan's National City Bank and his brother, President Frederick B. Rentschler of United Aircraft & Transport, had outbid Mr. Keys and others. The price was about $2,500,000 in United stock...
James Cannon Jr., militant dry, Bishop of the Methodist Episcopal Church, South, was lately revealed to have had extensive stock transactions with a bankrupt Manhattan bucketshop (TIME, July 1). Cannon critics questioned whether such dealings were worthy of a Churchman...
Exceptional in its character, Commercial National has also been exceptional in its progress. The bank was formed with capital stock of $7,000,000 and surplus of $7,000,000. A late June statement showed deposits of $76,589,035.84, undivided profits of $886,351.04. At this rate the bank, at the end of its first year of business life, will have attracted more than $150,000,000 in deposits and earned more than $1,500,000. It has about $40,000,000 in cash on hand...
...Howell realized also that its very bigness left room for a smaller bank operating on more of a personal contact basis. So, after long consideration, and with the assistance of the tycoons mentioned above, he got together $7,000,000 for a surplus and sold $7,000,000 capital stock and formed Commercial National. It was designed to cater to persons who still regarded $1,000,000 as a considerable sum and to corporations not yet large enough to be viewed with alarm by the Federal Trade Commission...
...reasons why so much money is being poured into the stock market is that there are many new stocks to buy. Privately held, closed corporations are issuing stock, taking the public into partnership. Corporations that have long been publicly -owned are undertaking new financing for expansion purposes. And the merger trend-outstanding movement in current industry-continues as an important element in Industry's insatiable appetite for money. Of last week's new deals of various kinds, the following were of particular interest...