Word: weeks
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Dates: during 1920-1929
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...expansion he had needed great sums of cash. These he had obtained by short-term loans upon the stock of acquired companies. With $91,000,000 of these notes falling due, with his collateral down, with conditions bad for refinancing, Cineman Fox for the first time needed assistance. Last week he summoned aid by appointing a trustee-triumvirate consisting of himself, a banker, a manufacturing engineer...
...Last week, however, Blue Ridge and Shenandoah sponsors gave first aid to their injured. To Blue Ridge was sold a large block of Central States Electric at a price considerably below the market. Seller, number of shares and price were not announced. But Blue Ridge assets showed a November appreciation of $12,000,000 and Central States on the day of the sale closed at 28. One method of giving Blue Ridge a $12,000,000 profit would have been to sell it 1,000,000 shares of Central States at 16 (12 points below the market...
Shenandoah was permitted to purchase. for retirement, 765,200 shares of its own $50 preferred shares at a price considerably below its current $35 quotation. As a result of their favorable refinancing, both corporations closed last week with assets per share not far removed from their original assets-per-share figure...
...ownership ceased last July. Señor Patiño asked Lead to get out- perhaps because Señor Patiño's other English customers for tin objected to his partnership with a lead manufacturer. Regretfully, Lead's President Edward J. Cornish got out. Last week President Cornish got Lead into Associated Lead Manufacturers, Ltd., Great Britain's largest fabricator of lead products. (The deal involved a large but not majority block of stock.) Thus, National Lead is still Señor Patiño's most important customer, with results perhaps, as follows...
Last month United States Steel Corp. absorbed Columbia (TIME, Nov. 11). Last week Bethlehem Steel's Eugene Gifford Grace, then in San Francisco, announced his company would acquire Pacific Coast Steel and its subsidiary...