Word: transamerica
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...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). R. H. Macy & Co. passed...
...liquidation, the formation of the much-discussed new Dawes bank (TIME. Sept. 12). It is called City National Bank & Trust Co. (instead of Dawes Bank). It starts business with a capital of $4,000,000. surplus of $1,000,000. several new directors. These include Elisha Walker, onetime Transamerica head; Vice President Charles Schuveldt Dewey of Colgate- Palmolive-Peet; Publisher William Franklyn Knox of the Chicago Daily News. Announcement of the new bank and the fact that it had taken over all of Central Republic's deposits was made on the day that the statement of condition was reported...
...Gain (000's omitted) A. T. &T 470 645 41.5 Cities Service 423 607 43.5 General Motors 199 313 57.2 Penn. R. R 196 246 25.5 Transamerica 166 240 44.7 U. S. Steel...
...floor above, in the executive offices of the investment banking firm of Bancamerica-Blair Corp., there was much activity last week. Bancamerica-Blair was not sold to National City and is now 63% owned by Transamerica Corp., 37% by some 20,000 stockholders mostly around New York City. And, following the changes in Transamerica's management (TIME, Feb. 22), last week a revised Bancamerica-Blair management was getting accustomed to new desks, new duties...
...convinced Blair & Co. and William Salomon & Co. that he was a good man to work with. He also convinced them that they should work with each other to the extent of merging. They did and Mr. Armsby went with them. When Blair & Co., Inc. was bought by Transamerica, Mr. Armsby found himself working for his longtime California friend and oldtime fellow fruiterer, Amadeo Peter Giannini. When Elisha Walker, then chairman of Bancamerica-Blair, and Mr. Giannini began to disagree, Mr. Armsby took no sides, respecting his friendship with each...