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...RESERVE BANKS AND THE MONEY MARKET, Harper & Bros...
...Karpen & Bros, (furniture...
Last week, Manhattan financial reports included an offering of 50,000 shares of A. G. Spalding & Bros., the issue being no-par common at $65. Directors approved a five-to-one stock split-up, increasing common from 60,000 shares, $100 par to 500,000 shares, no-par. Among backers of the new issue was Dillon, Read...
...development of A. G. Spalding & Bros, originally coincided with the de-velopment of baseball. In more recent years it has branched out to parallel increased U. S. interest in track, football, basketball, tennis, golf. The company was founded in 1876, the year that Mr. Spalding was pitcher and manager of the old Chicago team for which "Pop" Anson and Evangelist Billy Sunday played. It was Spalding's Chicago team which first appeared in regulation baseball uniforms. It was Spalding's company which standardized early baseballs and developed the modern baseball bat with the pronounced bulge in its business...
...Durant stock, to succeed him, and last week turned over the management to them. In his choice of heirs he showed a marked predilection for executives who had trained under the brothers John F. & Horace E. Dodge. They are: for president, Frederick J. Haynes, onetime president of Dodge Bros.; for vice president in charge of production and engineering, Ralph A. Vail, onetime engineer in charge of Dodge production; for secretary-treasurer, John A. Nichols, onetime vice president in charge of Dodge sales; for general sales manager. R. G. Hodgkins, onetime Studebaker sales manager. Official announcement of the new officers came...