Word: phoenixed
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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...
...Phoenix, Ariz...
...from Baltimore had acquired, with virtually no investment on his part, a handful of broken-down trusts early in Depression. Putting them together as Equity Corp., he sold out to Mr. Milton in 1932 at a profit of $750,000. This promoter was Wallace Groves, now in possession of Phoenix Securities Corp., which rose appropriately from the ashes of still another trust. Truster Groves's method was to use one trust to buy another, but his deals were so involved that one of his directors once felt impelled to warn him: "We may seem to you unduly sensitive...
...Arizona State Prison at Phoenix last week, for murdering a fellow cowboy, Frank Rascon was led into an airtight chamber, executed by cyanide gas. When the corpse was carried out, his widow embraced it, kissed the face and lips. Few hours later Mrs. Frank Rascon was hospitalized, seriously ill with cyanide poisoning...
...Lynn, Mass., newshawks spied War Veteran Michael Collins, his dog, Madame Queen, and his duck, Mac, hiking along the road to Maine. Explaining he wanted treatment at the Togus, Me., soldiers' home, Veteran Collins said he, Madame Queen and Mac had hiked all the way from Phoenix, Ariz, in a year...