Word: bidders
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...last week the Corporation, under the jurisdiction of State Insurance Superintendent Louis Pink, had made encouraging progress. When Commissioner Pink offered to sell the stock (100,000 shares) of National Surety Corp. to the highest bidder, seven bids ranging from $6,545,000 to $10,031,000, cash, were made. High bidder was Henry Ittleson's Commercial Investment Trust Corp., big financier of automobile and other installment purchases. Superintendent Pink considered the C. I. T. bid adequate, recommended its acceptance. Some creditors & stockholders protested, estimated the value of the stock up to $27,000,000. Opinion on William Street...
...well-dressed plumpish man, who bore a striking resemblance to France's late, great King Louis XVI, was a determined auction bidder in Paris last week for a dull, tarnished guillotine blade said to have cut off the head of His late Majesty. Up went bids from 2,000 francs ($135) until everyone dropped out but the plumpish unknown and that well-known collector of French Revolution mementoes, M. Charles Lievre. In a final spurt to 12,500 francs ($835), the blade went to M. Lievre, along with documents certifying that until 1893 it had remained in the executioner...
...clear that they would do no more than place bids amounting to upset prices. Old bush-bearded Leonor Fresnel Loree, who two years ago stepped out at 74 to buy a 10% interest in New York Central for his rich little Delaware & Hudson, was spotlighted as a likely bidder. Another suggestion was Frederick Henry Prince, crusty septuagenarian Boston banker who jumped into Armour & Co. a year ago. While either Loree or Prince could undoubtedly lay hands on enough cash, neither at his age would probably be eager to undertake the rehabilitation of $3,000,000,000 worth of properties...
...simple explanation of Fat Chaps would be that Mr. Rickett is lone-wolfing, that he got the concession by making Power of Trinity and his Yankee adviser believe that Standard Oil can stop Mussolini, and having obtained the concession, will now try to sell it to the highest bidder-perhaps even to Mr. Rickett's "friend," Benito Mussolini. The Rickett Concession was granted to "the African Development & Exploration Co." This was recently set up as a Delaware corporation by a discreet Manhattan firm which makes a business of incorporating dummy concerns and keeping their secrets...
...Biggest bidder was a Guernsey hotelman named Walter Martin. Bidder Martin bought 750 lots, including the contents of the captain's cabin, which cost him $930. But his No. 1 prize was a piece of the port bow bearing the ten metal letters MAURETANIA. For that he gladly paid $750. The letters from the starboard bow sold individually for $20 each. Total realized...