Word: cashing
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Dates: during 1950-1950
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With the rocks of bankruptcy dead ahead, Stanley Dollar turned 93% of the voting common stock over to the Maritime Commission and bowed out. No cash consideration was involved, but in return, Dollar was absolved of personal liability for the line's debts...
...Cash dividends of U.S. corporations in September were $1,152,000,000, a fat 60% bigger than the same month last year, the Commerce Department announced last week. For the first eight months of this year, dividends averaged 8% greater than in 1949. Thus the year-end total might be a record $7,500,000,000 compared to 1949's record...
General Motors Corp. last week voted to pay all its 430,452 stockholders the biggest year-end cash dividend in U.S. corporate history, $223.7 million-$36.9 million more than last year. To the 399,989 holders of common stock, G.M. will pay a dividend of $2.50, making a total equivalent to $6 per share for the new split stock...
Last week Sun Life delivered its own counterblow. To make its stock harder to grab, the officers split the shares 10-for-1. Said a company spokesman: "I think we've stopped the raid." But it already looked as if the Aliens might cash in on their latest "special situation." To keep the loyalty of its other stockholders, jittery Sun Life last week hinted that the $2 dividend rate on the split stock would soon be boosted to $3 a share. If so, Stockholder Allen would get the raise, along with the rest...
...Cold Cash. In Columbus, Ohio, $1,000 was stolen from James Montgomery's hiding place: the refrigerator...