Word: telegraphically
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Dates: during 1930-1939
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Unlike the existing airlines, which delegate their ground handling to Postal Telegraph or Railway Express Agency, Air Express Corp. will perform its own pick-up and delivery, thus insure full, permanent control of its business sources...
...Under the name American Tri-Ergon Corp. (90% owned by Mr. Fox) he is seeking a permanent injunction against Paramount Publix Corp., together with an accounting of the profits Paramount has earned. Other suits are pending against RKO Radio Pictures R. C. A. Photophone, a subsidiary of American Telephone & Telegraph's Western Electric. Both Wall Street and Hollywood regard the suits as Mr. Fox's bid for a comeback in the film field. From the $100,000,000 or more that the industry has taken out of sound films, Mr. Fox expects to recover for himself...
Heavy, heavy over the head of International Telephone & Telegraph Corp. hangs the threat that Spain's Cortes (parliament) will declare the franchise for its big subsidiary. Compania Telefonica Nacional de Espana, null & void. The threat has hung over I. T. & T.'s head for eleven months, and last week Left-wing Deputies in the Cortes were shouting loudly for a vote on the bill, a hefty item in the pre-Revolution program against His Catholic Majesty Alfonso XIII. The shouting Deputies claim the franchise was illegal, that it was obtained only after a thumping bribe was slipped...
...telegraph wires on the Kells-to-Belfast line were cut. At Belfast itself a luncheon in honor of H. R. H. Patrick had to be cancelled...
Dividends. The directors of American Telephone & Telegraph declared the regular dividend last week. Some 712,000 stockholders will receive $41,990,000 through the action. Electric Bond & Share declared its regular stock dividend but announced that in future payments will be determined annually. Its big subsidiary, United Gas Corp., halved its first preferred. Transamerica Corp. announced that while it could pay a dividend now it will not. Penick & Ford, Ltd. surprised Wall Street by doubling its usual 50? extra. Chesebrough Manufacturing and Bon Ami maintained their extra payments but Coca-Cola passed its usual $1 extra (blamed: taxation...