Word: stockly
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Dates: during 1950-1959
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SMALL CAR FOR CHRYSLER is in the works. Chrysler wants to import and distribute French Simcas, is dickering to buy Ford's 15% interest in Simca, plus big block of stock from Simca treasury. Price of Simca sedans...
...Canadian brands), if all goes well. Senate Finance Committee voted 9-2 to allow domestic distillers to hold whisky in tax-free storage up to 20 years (current limit: eight years), and full Congress is expected to approve. Biggest gainer will be Schenley Industries, which holds by far largest stock of whisky older than six years...
...about $1,000,000 annually. Then, perfumed with a reputation for good works, the E.I.D.C. group really started operating. Belle and his friends acquired control of Cornucopia Gold Mines, Inc., which owned a worked-out Oregon claim that had only one visible worth-a listing on the American Stock Exchange-planned to use Cornucopia as a holding company "shell" for half a dozen small subsidiaries (claimed 1956 sales: $5,200,000) that it had located and had taken options...
...scheme was to issue new shares of Cornucopia, swap them for stock in the proposed subsidiaries. That part of the deal never got off the ground. Smelling a rat, SEC stepped in, and refused to clear a proxy statement to get existing shareholders' permission for the issue. Meanwhile the American Exchange had suspended Cornucopia from trading for failure to file required financial statements. Nevertheless, even though Belle & Co. only held options, they were able to install officers in some of the companies (making textiles, hot-water heaters and electronics, a printing plant, real estate, etc.) and sweet-talk...
...pioneered talking pictures (Al Jolson in The Jazz Singer in 1927), acquired a stable of stars that included John Barrymore, Gary Cooper, Bette Davis, Leslie Howard, Paul Muni, Edward G. Robinson, James Cagney, Rin-Tin-Tin. Two years ago, when Warner Brothers sold a third of its outstanding common stock to an Eastern syndicate, Harry yielded the presidency to his youngest brother, Jack, retired to raise thoroughbred race horses...