Word: incingly
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...Jalapa, State of Vera Cruz, Mexican workmen employed in an American-owned electric light and power plant went on strike demanding, so despatches averred, a 150% increase in pay. The plant is owned by the Higgins Estate Inc. of Manhattan and was managed by William K. Boone, U. S. citizen; but Mr. Boone, unable to effect a settlement with the strikers, was forced to surrender the entire plant to the State authorities, acting on the orders of Governor Jara, and promptly left to file a protest in the U. S. All this took place last March...
Though Clarence Dillon's spectacular purchase and sale of the Dodge Brothers Automobile Co., now Dodge Brothers, Inc. (TIME, Apr. 13, 20), is largely completed, the shouting about it is not. Indeed, the speculators and brokers of the Stock Exchange are still keenly interested in the matter. The new Dodge shares were listed on the Exchange on a "when issued" basis, , before the actual stock certificates were printed. Subsequently, open contracts made on this basis were settled by the delivery of interim certificates for the preference stock, and of interim receipts for the 6% gold debentures. When the permanent...
...Joseph C. Cooper was, last year, enjoined from doing business in an enterprise which he called "The National Stock, Cotton & Grain Exchange." So he went into the tourist business under the name "Cooks Tour, Inc.," advertised a 34-day tour to Europe on the S. S. Berengaria for $325.* The American manager of Thomas Cook & Son, which has piloted two generations of tourists round the globe, became justly indignant. He obtained a temporary injunction restraining Cooper from doing business under the globe-girdling name. It also developed that Mr. Cooper had become President of an "American Bankers' Corporation...
...capitalization of Dodge Brothers, Inc., will consist of $75,000,000 of convertible, sinking-fund debentures; 850,000 shares of 7% cumulative preference stock and 2,000,000 shares of common stock. The first public offering made in connection with the Dodge financing has consisted of the 850,000 preference shares, offered at $100 or $85,000,000 altogether. With every preference share, a common Class A share was given as a bonus. It was tremendously oversubscribed, subscriptions ranging from $100 to $2,000,003 and aggregating almost $500,000,000. The issue was at once listed...
...latest chainizer, calling itself Gillette Camera Stores, Inc., selling kodaks, recently opened in Manhattan with two stores and 100-odd agencies which it calls "Gillette Film Stations." At these, one buys his latent roll of film, deposits his potential pictures for developing and printing at a central laboratory with a capacity of 10,000 rolls per day, to and from which delivery trucks course...