Word: procters
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...ranged across just about every sector of the market. In 14 consecutive sessions, gains by individual stocks outnumbered the declines, and many a stock in the course of the week hit a new high, not merely for 1967 but for 1966 as well. Blue chips Du Pont, Bethlehem Steel, Procter & Gamble and even beleaguered A.T. & T. went up; so did glamor stocks Itek, Scientific Data and Ampex. Where there were big drops, there was an obvious reason. American Broadcasting Co. fell 141 points following an announcement in Washington by the Justice Department that it would oppose the merger...
...solicitor, the Post & Times-Star focused its attention on Probate Court Judge Chase M. Davies. It turned out that during his 19 years on the bench, he had made a practice of appointing relatives and close friends as appraisers. Out of a $37,575,282 estate left by a Procter & Gamble heiress, two of Judge Davies' friends had each received a $37,575 fee. Upset by the publicity, the probate judge paid two frantic calls on Editor Thornburg to try to persuade him that he was a man of probity. Said Thornburg in an editorial: "The best...
...less than $200 million-a-year corporation is a step that Mahoney considers a challenge. He claims no fear of Coca-Cola and Pepsi-Cola, Canada Dry's two higher-ranked competitors in the soft-drink field. Says he: "I'm used to competition from giants-like Procter & Gamble and Lever...
...ANTITRUST. The year's big merger case involves mammoth Soapmaker Procter & Gamble's acquisition of Clorox Chemical Co., the top U.S. manufacturer of liquid bleach. The FTC washed out the 1957 merger, ruling it unfair to smaller competitors; a U.S. appellate court reversed the FTC, calling it hostile to mere bigness. The Government, which has yet to lose a major antitrust case in the Warren court, now seeks to vindicate...
...Curious Bit. The two companies are Procter & Gamble Ltd. and Lever Brothers & Associates Ltd., both subsidiaries of corporations-one U.S.-based and the other an Anglo-Dutch combine-that are at each other's throats around the world. Between them, they control 90% of Britain's $192 million-a-year soap and detergent business. It was presumably for this reason that for many months the government's seven-member Monopolies Commission investigated the suds situation. The commission finally conceded that neither P. & G.'s 46% share of the market (worth $90 million in sales) nor Lever...