Word: stockings
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Dates: during 1920-1929
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Round 16. Col. Stewart and his board of directors declared a 50% stock dividend a $1.12½ cash dividend (including a so-cent extra dividend), thus calling attention to their ability to put fat profits into the hands of the stockholders. During the brief speculative flurry which followed, Standard Oil of Indiana achieved the stock market (paper) value of a billion-dollar corporation...
...board-chairman of Sears, Roebuck & Co. came out for Mr. Rockefeller Jr. with the statement: "It was fitting for stockholders in any enterprise to see that the business is managed by officers whom they can trust." But Philanthropist Rosenwald's influence was moral, not financial. He owns no stock in Standard Oil of Indiana...
Round 18. As a member of the Rockefeller proxy committee, Winthrop Williams Aldrich announced that he and his colleagues held proxies for 51% of the stock of Standard Oil of Indiana, or enough to enable Mr. Rockefeller Jr. to win the fight and oust Col. Stewart. Mr Aldrich is a son of the late Senator Nelson Wilmarth Aldrich (oldtime friend and intimate of Mr. Rockefeller Sr.) . . . the younger Aldrich now attacks for his impregnable brother...
Goldman Sachs, formed last December, sold its first stock offering at 104. It was quoted even at the end of last week's market break at 222¼. Its capital and surplus six weeks ago was $100,000,000. Last week it was $122,000,000. As $15,776,000 of the $22,000,000 increment resulted from stock sales, there remained an additional $6,224,000 presumably representing trading profits of about a million per week...
Last week, Manhattan financial reports included an offering of 50,000 shares of A. G. Spalding & Bros., the issue being no-par common at $65. Directors approved a five-to-one stock split-up, increasing common from 60,000 shares, $100 par to 500,000 shares, no-par. Among backers of the new issue was Dillon, Read...