Word: co
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Dates: during 1940-1949
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...offered 18 varieties of packages, ranging from the $13.50 holiday parcel (including one canned Sell's turkey, 8 oz. Swanson butter, 1 lb. Crosse & Blackwell plum pudding, 1 lb. Welch's orange marmalade, 1 lb. Sun-Maid raisins, 1 lb. Uncle Ben's rice, 1 lb. Co-op coffee and 1 can-opener) to the $10 layette packages (including 1 doz. diapers, 1 crib blanket, 1 receiving blanket, 2 kimonos, 2 nursing bottles, 4 nipples, 1 pkg. safety pins...
...kept right on growing. On three successive days last week, trading topped 2,000,000 shares, making it the most active week since the big rise of May 1948. The Dow-Jones industrial average rose 3.37 points to 198.05, the highest since August 1946. Most spectacular rise: Superior Oil Co. (California) which in three days jumped 69½ points to 227 on the news of a plan to split it into two gas & oil companies. Wall Streeters now expect the next test of the market at 200. If the bull gets over that hurdle, he might run pretty fast...
From the time he took over his father's lumber company and foundry in 1930, Kurth sought ways to make them bigger. Since his Lufkin Foundry & Machine Co. depended on outside companies for its castings, Kurth set up Texas Foundries, Inc. as his own supplier. It soon became the biggest Southern producer of malleable iron castings. The two companies now have combined sales of some $17.5 million a year...
Oakey L. Alexander, president of Virginia's Pocahontas Fuel Co., Inc., shocked his friends last week as much, he said, as if "Harry Truman had joined the Young Republican Club." The boss of one of the biggest U.S. soft-coal producers went into the oil business. With California Oil Co., a subsidiary of Standard of California, Pocahontas plans to spend about $1,500,000 building an oil terminal at Portland, Me. The 192,000-bbl. terminal will be supplied by Cal-Standard tankers...
Last week the London-Tangier diamond trade, which had enabled U.S. dealers to get gems for one-sixth under their London price, received a mortal blow. In London's Clerkenwell Court, I. Hennig & Co., Ltd., one of Britain's most respected diamond merchants, was convicted of customs evasion and violation of exchange controls. The prosecution charged that I. Hennig shipped ?76,254 ($213,511) worth of rough diamonds to Tangier and attached false invoices to make it appear that the gems were consigned to a Tangier merchant. Actually, the gems were bought by U.S. merchants, among them Manhattan...