Word: stutz
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Dates: during 1920-1929
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Divorced. Allan A. Ryan, Manhattan stocktrader, famed for having "cornered" the stock of the Stutz Motor Car Co. in 1919-20, by Mrs. Sarah Tuck Ryan; last October...
Ever since Charles Michael Schwab assumed control of the Stutz Motor Co., his interest in the motor field has been generally recognized. Recently he has become Chairman of the Six Wheel Co., a Philadelphia concern which will manufacture six-wheel motor trucks and buses, built somewhat after the manner of railway-car trucks. The four rear wheels of the new buses compose a single unit, to which power and brakes are applied. In a statement, Mr. Schwab explained the theory behind his new six-wheel motor vehicles. Seeking a means of coordinating transportation in railways and highways, he became convinced...
...authorities of the New York Stock Exchange refused after due consideration to replace the shares of the Stutz Motor Car Co., cornered by Allan A. Ryan in 1920, in its list. After the corner Mr. Ryan was, however, forced by his subsequent bankruptcy to sell out his Stutz holdings, and the largest stockholder at the present time is Charles M. Schwab. The refusal of the Exchange was no reflection on the financial standing of the Company, but was forced by the usual policy of the Exchange in requiring stock issues to be well distributed before their entry upon...
...spring of 1922, Mr. Ryan, already faced with his impending bankruptcy, sold at public auction 132,914 of the 150,000 shares of Stutz which he then held. The purchaser was the Guaranty Trust Co., which later sold the stock to a syndicate composed of Charles M. Schwab and others for $20 a share?the price at which it had been auctioned. Mr. Schwab has since that time been in control of the company...
After its disappearance from the Exchange list, Stutz was dealt in upon the Curb, where it has been selling recently for about $14 a share...