Word: toed
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Dates: during 1920-1929
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To the British public which recently viewed the New York market break with great and garrulous glee, Royal Mail's tumble was merely another incident in the series of misfortunes which have over taken the English investment market. Although in the U. S. prices broke, earnings of U. S. companies...
Steel-Cement. Building contractors who go shopping for steel usually also have to go shopping for cement. Last week United States Steel Corp. offered to exchange some $31,000,000 of its stock for Atlas Portland Cement Co. which produces 19,000,000 barrels a year. Other cement companies realized...
Long has there been theoretical speculation on what would be the liability of American Express Co. stockholders should their company fail, for unlike almost all U. S. corporations, American Express was never incorporated, being a voluntary association (joint-stock company) formed in 1850. Chances of American Express failing have, however...
Chief reason for Chase wishing to own American Express was that its business (done through 35 domestic, 65 foreign offices) amounted to international and interstate banking through the sale of money orders, drafts, travelers' checks, letters of credit, telegraphic and cable transfer of funds, collection of foreign bonds, coupons...
Last week American Express announced it will form American Express Bank & Trust Co. with $10,000,000 capital. Although the new bank will be incorporated in New York, each American Express office will amount to a correspondent, and, should branch banking laws be repealed, could quickly become a branch. In...