Word: timing
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Dates: during 1920-1929
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...When Guaranty Trust Co. merged with National Bank of Commerce (TIME, March 11) chairman of the combined organization and responsible for the details of consolidation was James Strange Alexander, for 44 years with the Bank of Commerce. Last week Banker Alexander, 64, announced that, in business 50 years, he would retire...
...Combustion, through 37 subsidiary companies, had earned some $3,000,000. Tremendous were the earnings predicted from the new process. In April rights to $100 7% preferred stock were offered. At the time the common stock was selling at about 76, had been to 103, was touted to go to 500 under the management of a capable pool said to be directed by shrewd Speculator William Crapo Durant...
...decline had its own reason-"friendly" receivers were appointed as the result of a petition by Bethlehem Steel Corp., said to be a $400,000 creditor. In this receivership there was not evident the aftermath of the market's break, as had been true in the Fox trusteeship (TIME, Dec. 16), nor of poor trade conditions as in the American Piano receivership (see p. 30). There was little reason to believe that Combustion's total assets, which exceeded $60,000,000 at the end of 1928, have depreciated. Causes of the company's troubles are supposed...
...Largest British tin smelter is Williams, Harvey & Co., controlled by the Patino Mines and Enterprises, Consolidated (TIME, Dec. 16). Last week Williams, Harvey & Co. joined with three other large British tin smelters in a provisional plan to form the largest tin smelting organization in the world. Behind the consolidation is seen the influence of Patino, the Anglo-Oriental tin interests, and the new Tin Producers' Association. From this merger which affects about half the world's tin supply, is expected to come the long-awaited stabilization of tin production and price, one of the purposes...
...party in Paris Hallie Stiles had what she calls her "great luck." The director of the Opera Comique was present and she was asked to sing for him. So impressed was he that he engaged her for the following season to sing Mimi in La Boheme. When that time came she had used all her money; her cook had been buying the food out of her own savings. Even the day after her great success, Singer Stiles had to ask the cook for an additional two francs to buy her morning coffee...