Word: bauer
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...president, grey-haired, publicity-shy Harry John Bauer, 57, looks like Will Rogers (was once mistaken for him on a train). He believes lower rates mean bigger revenues, has cut his residential rate 2? to 3.76? per kilowatt-hour (national average 3.91?) in the last five years, boosted revenues over 20% in the process...
...Harry Bauer also believes in paying low rates himself, particularly interest rates...
...from Wall Street to Hollywood as a tough trader. In 1935, to sell $108,000,000 in bonds, he arrived in Wall Street with a rifle under his arm, was joshed by friends: "Harry's loaded for wolves." The rifle was actually taken along for repair, but Sportsman Bauer sold the bonds for a then record 3¾%- the first bonds to breach the 4% interest level for utilities...
...formed the largest selling syndicate in Wall Street history: 142 underwriters (who put up the money), 506 dealers (who took the bonds in lots as small as one each). Last week, after spending two days in Manhattan's swank Plaza hotel oiling and firing the starting gun, Utilityman Bauer was on the way back to his unpretentious home in Pasadena (via New Orleans because over-mountain trips sicken his wife). He was happy. Well over 90% of his bonds are sold; underwriters expect to have empty shelves by week's end. Better still, he had once more outmaneuvered...
...Boston Bruins, led by its sharpshooting "Sauerkraut Line" (Milt Schmidt, Bobby Bauer, Porky Dumart): the National Hockey League championship for the second year in a row; winding up the season with 31 victories, twelve defeats, five ties (67 points). Finishing in second place were the New York Rangers, with 27 victories, eleven defeats, ten ties (64 points...