Word: phoenix
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Dates: during 1930-1939
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...Uvalde, Texas, chunky John Nance Garner took inquisitive Cartoonist Reg Manning, of the Phoenix Arizona Republic, into the chicken yard behind his buff-brick house, pointed a stubby finger at his fowls (that come a-running when he calls), said: "If I am called, I will...
...father, then vanished in the night. Police watched her invalid 56-year-old husband, Dr. William C. Judd, in Sawtelle, Calif., Hospital Superintendent Louis Saxe broadcast a promise: she could run the prison beauty parlor if she'd return. One night this week a burglar fled from a Phoenix home, was caught. It was the onetime tigress, near starvation. For six days she had been hiding in a cornfield...
Three years ago Phoenix became interested in Loft, Inc., a $10,000,000 Manhattan candy-&-restaurant chain. It lent Loft some $600,000. It also dug into its strongbox for collateral on which Loft borrowed another $400,000 in bank loans, further backed up by Phoenix' endorsement. For such help in a crisis Phoenix got options on 300,000 shares of Loft at $1.50, on 200,000 shares additional at $2. But since Loft had lost money every year since 1934 this did not look like too promising an investment. Last year Loft stock got down...
Last year, Delaware's Court of Chancery finally decided that Pepsi-Cola belonged to Loft, not to Mr. Guth. Then Phoenix' president, 43-year-old Walter S. Mack Jr., a director of Loft, became president of Pepsi-Cola Co. When he looked into the books which Mr. Guth had previously kept well hidden, he found a thriving business. For the first nine months of 1938 Pepsi-Cola had turned in a net profit of $2,700,000; its stock was selling at $70 a share (it is now $190). (For the same period Loft lost...
...Pepsi-Cola extended its war hedge, contracted for a full three-year supply. Meanwhile, there has been no indication that Loft's restaurant chain has ceased to lose money. But, with Loft stock selling as high as 16 5/8 even in last week's war-depressed market, Phoenix had $6,000,000 paper profit on its options...