Word: stockings
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Dates: during 1920-1929
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...contrary. In the case of the Postmaster General there is such a law-he must be reappointed and confirmed every four years even if the same administration continues in office. †As late as last September (TIME, Sept. 17) Mr. Mellon declared that although he had once owned stock in a distillery, the company had ceased manufacturing three years before prohibition came into effect and he had disposed of the stock before becoming Secretary of the Treasury. He stated bluntly: "At no time was I ever actively engaged in the distilling business. I have no interest in or connection with...
Colonel Lydig had been a prominent financier with extensive affiliations in Wall Street. During the World War he served in both the American and Russian forces: previously he had been a partner in the stock brokerage firm of Lounsberry and Company...
...investor with $5,000 cash can buy outright about 55 shares of the ''average" stock, since the price of all the issues on the Exchange board averages about $90. Yet this same investor could not purchase even a single share of Manhattan's First National Bank, which last week rose 1,200 points in two days and reached a quotation of $7,300 a share. As George F. Baker, board chairman of First National, is said to hold 20,000 shares (there are only 100,000 outstanding) the 1,200-point rise gave him a paper profit...
...Asia Minor and in certain parts of Africa. Ford companies were to be acquired in France, Belgium, Germany, Italy, Spain, Holland, Sweden and Finland, and unsuccessful attempts were made to secure a concession from the Soviet government (TIME, March 4). Ford of England was to hold 60% of the stocks of European Ford companies; the other 40% was to be sold to citizens of the countries concerned. It is said, however, that Mr. Ford was shocked and grieved to find that U. S. brokers had gobbled up a large portion of his Ford of England stock. He may perhaps wish...
...living have made almost necessities, Radio Corp. of America reported approximately an even 100 million dollars of gross earnings. Net income was $22,802,000, almost twice its 1927 figure of $11,799,650. Radio Corp. earned $11.80 a share (on shares outstanding at end of 1928). As its stock had a 1928 high of 420, it was selling up to approximately 35 times earnings, thus demonstrating that a market leader pays little attention to "times earnings" standards...