Word: goodrich
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While J. P. Morgan & Co. and Kuhn, Loeb & Co. skimmed the cream of railroad financing, Goldman Sachs concentrated on industrials, which to a large extent meant selling stock, not bonds. Its clients include Woolworth, Goodrich, General Foods, Continental Can, The Lambert Co., Pillsbury Flour, United Biscuit, Phoenix Hosiery, Endicott Johnson, National Dairy Products...
...burst into applause. The applauders were not partisans of stout but of Mary Astor, whose first line they recognized even before the camera moved over to her. Throughout the picture they kept applauding frequently and as she was coming out of the theatre in the flesh with Screenwriter Marcus Goodrich and her mother, they mobbed her. cheered her. shouted "You're all right, Mary!", begged her for her autograph...
Last year after Depression deficits of $21,000,000 had frayed the fiscal treads of B. F. Goodrich Co., its president, James Dinsmore Tew, decided it was time for the rubber firm to get a new set of financial tires. He asked his stockholders to approve a new $45,000,000 first mortgage of which $28,000,000 was to be raised immediately. Of this sum $6,000,000 was for working capital to finance increasing business and $22,000,000 was to reduce interest charges by retiring 5 ½%, 6 ½% and 7% obligations of Goodrich and its subsidiary...
Meanwhile Goodrich tire repairers took up the problem of accumulated dividends on Goodrich preferred stock, which by last July had piled up to $35 a share, a total of $10,300,000 overdue. In the first half of this year the company made more money-$2,727,000-than in any first half since 1929. However, earned surplus, out of which dividend arrears would have to be paid, still amounted to only about a third of the arrearage. In July Goodrich directors proposed a recapitalization plan by which preferred stockholders would give up their birds in the bushes for birds...
...Goodrich stockholders met last week and overwhelmingly approved the recapitalization. Immediately the company announced that its first quarterly dividend of $1.25 on the new preferred stock would be paid Sept. 30. It also announced that its refunding plan would be carried out in a few weeks. Thus Goodrich rolled on, all flats fixed...