Word: tryed
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Dates: during 1930-1939
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Just as "investment trust buying" was a potent pushup factor in 1929, "investment trust selling" has been a big knock-down factor in many a stock recently. Last week Tri-Continental Corp., investment trust sponsored by J. & W. Seligman & Co., issued its third quarter report?one of the first major trusts to do so. At the same time Selected Industries, Inc., Tri-Continental supervised, published its showing. The investments of Tri-Continental Corp. had, on Sept. 30, a market value of 29 millions against a cost of 51 millions. The common stock had a book value of $2.84 against...
...purchases by Tri-Continental were confined almost exclusively to bonds and preferred stocks. Sold early in the quarter were the corporation's big foreign investments, largely in Germany...
...operation was, in fact, a master piece of economy. Specially designed Stinson tri-motors requiring only one pilot were bought from Errett Lobban Cord. Automobile gas was used for cruising, until aviation gas prices were forced down to 7½? per gal. Pilots were instructed to taxi on one motor instead of three. . . . Result : Cost per mi. was 37?, while other operators of tri-motors were having difficulty in getting under $1 per mi. At the end of the first year, September 1, Ludington had made 8,300 trips, about 28 per day; carried 66,000 passengers (average load...
...this news came too late. Already Federal Water's three brother units in Tri-Utilities had come upon bad times in the light and gas businesses. One after another American Natural Gas Corp., Southern Natural Gas Corp. and Peoples Light & Power Corp. paid their preferred dividends in later-maturing script or not at all. As early as May there were rumors of difficulties in Tri-Utilities financing. Added troubles were the legal efforts of Governor William Henry ("Cocklebur Bill") Murray to drive the corporation's subsidiaries out of Oklahoma, confiscate their properties on charges that they sought...
...Tri-Utilities Corp. was originally, more lengthily christened United Power, Gas & Water Corp...