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Three days and nights of locked-in deliberations, of matching and sorting Dodge Bros, and Chrysler Corp. assets...
Then decision: Chrysler to take financial control of Dodge Bros, by a trading of stocks; Dodge Bros, and Chrysler to continue separately as motor vehicle makers; Walter Percy Chrysler to be chairman of the directors of the combination; Clarence Dillon to be chairman of the directors' finance committee; Edward G. WTilmer to be president. Mr. Wilmer, by training a lawyer, has been Dodge Bros, president since Clarence Dillon took control in 1925. Mr. Dillon made Mr. Wilmer a Dillon-Read partner. He is a superb executive, the sort of man Mr. Chrysler himself is, except that Mr. Chrysler...
Joint Production. Last year Chrysler sold 192,083 passenger cars; Dodge, 205,-260 passenger cars and Graham Bros, trucks. It was a poor year for Dodge: they were changing models; in 1926 they had made 331,764 vehicles. So the current estimate is reasonable - that jointly they will produce 600,000 to 700,000 cars...
During the past four weeks the investing public has had more opportunities of buying into great family businesses. The trend described by Paul M. Mazur of Lehman Bros.* and by more subtle economists, goes...
...concern was in good condition for refinancing, for letting the investing public share in it. Lehman Bros, of Manhattan took the initiative; Field Glore & Co. of Manhattan and J. H. Holmes of Pittsburgh joined them in the underwriting. Joseph Horne Co. was incorporated for $7,500,000 preferred stock and 240,000 shares of no par common stock. But, although Home's department store was thus a quasi-public institution, no preferred stock was sold, and only 40,000 of the common. That common already is listed on the Pittsburgh stock exchange, but is closely held. Homes, Sheas...