Word: macklis
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...there are four leading bus making companies- International Harvester, Mack Trucks, White Motor, Pierce Arrow. Smaller makers include subsidiaries...
...over similar sales for the last half of 1924. Ordinarily, the best months for this type of manufacturing are March, April, May and June. This summer, however, production has run much higher than usual, owing to the great impetus toward bus transportation throughout the country. Sales of Mack trucks for July, for example, were about 1,050 machines-an increase of 66% on July, 1924, and within 150 of the best month this year. July is ordinarily a fairly slack production month...
...stocks, the public know and let alone the best and the worst. But there are not apparently enough uncertain stocks with big possible future earning power to go round. In consequence, sensational advances continue in American Can, Mack Truck and similar issues. The rage for utility shares has apparently begun to subside, owing partly to Mr. Insull's warning (see below). But now railroads are beginning to be boomed...
Ever since the auto bus began to be developed as a serious competitor of railroad and traction companies, there has been a vivid interest in Wall Street in Mack Trucks, Inc. Earnings on the stock have been sensational, and prices for it have soared on the anticipation that soon a big "melon" would be split for the special benefit of the shareholders...
Recently, the Company decided to own its service stations and thus be able to give service on its products during their entire life. A subsidiary called the Mack Trucks Realty Co. was therefore organized. It will be financed by a $3,000,000 serial 6% note issue. But, meanwhile, the parent Company needs additional capital for expansion. Accordingly, all stockholders of record July 20 will be given the privilege of subscribing to one new share of common for every five shares held, at $100 a share. With the stock already selling at $184 a share, this means that...