Word: stockings
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Dates: during 1920-1929
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What was more, the stock was kept so much at home in this old Presbyterian family that until recently Phelps Dodge has remained practically a closed corporation. Few copper stocks have had the advantage of such respectable and exclusive upbringing. Cleveland Hoadley Dodge (Princeton classmate of Woodrow Wilson), was interested not only in copper; he became president of the board of trustees of Robert College, Constantinople. His twin sons have divided between them his interests in copper and oriental education: Cleveland E. is vice-president of Phelp? Dodge; Bayard is president of the American University of Beirut, Syria.† Executive...
...policy seems to be aimed, however, not only in the direction of production but also to secure a wider market for its shares. The first step in this direction was a decision taken four weeks ago to divide its stock from $100 shares into $25 shares, increasing the number proportionately from 500,000 to 2,000,000. The old stock is quoted in the neighborhood of $340; the new at about $85. In the recent purchase of 200,000 of the new shares from British holders and their offer to the public in the U.S., the company was careful...
Earnings. In connection with the offering to the public of the former British stock the figures on production and earnings in recent years showed that from 1924 to 1927 with production ranging from 175,000,000 to 207,000,000 Ibs. of copper a year its earnings ranged from $2,000,000 to $5,000,000. In 1928, however, with estimated production of 208,000,000 Ibs., its estimated earnings were $10,000,000. This disproportionate increase is a result of recent rises in the price of copper. The average price received for its product...
Sixty-nine of the 275 Stock Exchange seats recently authorized had last week been sold. Recent sales have not been accompanied by any price announcements. Inasmuch as early sales in which the prices were announced showed that the new rights were selling at considerably under their theoretical $125,000 value, present silence on prices would indicate that the seats are still going at under...
Died. John B. Barbour, 67, of Pittsburgh, retired financier, onetime president of the Pittsburgh Stock Exchange (eight terms); in Pittsburgh...