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...Last spring Radio Corp. of America organized as a subsidiary R. C. A. Photophone Inc. to exploit a method of making and reproducing sound-pictures. Photophone is similar, and interchangeable, with Fox's movietone films. Both change sound waves to light waves, and reproduction reverses the process. Warner Bros, vitaphone uses phonographic discs for sound accompaniment with its pictures. Vitaphone and movietone had close tie-ups with cinema producing, distributing and exhibiting companies (TIME, July 9). Photophone did not. R. C. A., photophone's parent corporation, sought such...
Such an amateur did overhear, last week, part of a conversation between the "biggest" National City Bank and its Berlin agent. The conversation concerned another famed banking house, Brown Bros., with which National City was linked in a German financing deal. From the eavesdropping amateur there came to Brown Bros, a transcript of the talk. Brown Bros, did not like the National City talk. Puzzled, Brown Bros, asked explanations. National City, astonished, gave them. Still friends, still associates, the two banks resolved upon more cautious, coded communications...
Cinema. Warner Bros, bought control of the Stanley Co. of America, and thereby first entree to more than 3,000 cinema houses...
...Baking Co., a chain rapidly spreading over the country; Harold O. Barker of Jessup & Lament, classed in Wall Street with J. S. Bache & Co. as the largest of purely stock brokerage houses; John Hanes Jr. of Chas. D. Barney & Co., large brokerage and underwriting house; Robert Lehman of Lehman Bros...
Chrysler-Dodge. In a dull market, common stock of the Chrysler Corp. and preference stock of Dodge Bros., Inc. assumed leadership, soared 10 points in a single session to new high levels for all time. Wall Street debated: Could the Chrysler-Dodge combine threaten General Motors supremacy? Commenting on results of the merger, E. F. Hutton & Co. noted: "Chrysler obtains a second dealer organization of 6,000. It thus becomes the only automobile company in a position to compete with General Motors in the latter's highly successful plan of a separate dealer organization for cars selling in different...