Word: weeklies
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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...
Merger. There is many a venerable bank which only after years of business considers a merger. But last week directors of Underwriters Trust Co. of New York, three weeks old, admitted they were already discussing a merger with the two-year-old Sixth Avenue Bank...
...Last week the preferred stock, now dividendless, sold as low as 21 while the common, now Durantless, went to 4. Although both stocks had already suffered during the break, last week's 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...
...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...
...Carnival, "A Night at St. Moritz," for the benefit of the New York Music Week Association at Madison Square Garden, Manhattan...