Word: radioed
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...pyrotechnics recently seen in Radio Corporation shares on the Stock Exchange has attracted universal attention to this new business. Last fall the stock sold as low as $26.87 a share. From this level they have rushed up as high as $77.75 a share. Investors are now questioning how far this advance has been justified by earnings of the Radio Corporation...
...were recently held by the General Electric, the Westinghouse and the United Fruit Companies, leaving 393,400 shares (about 35%) in the hands of individual security investors and speculators. Since many of these latter are held by what Wall Street calls "firm hands," the floating supply of Radio common shares is not large, unless the three above-named corporations have begun to sell out their large holdings. Consequently, the amount of stock available in the stock market, temporarily at least, is not large...
Gross earnings of the Company have increased steadily: in 1921 they were $4,189,031; in 1922, $15,101,044; in 1923, $26,570,814; and in 1924 they are estimated at $45,000,000, or about $4.00 a share on outstanding common shares. The speculation in Radio shares is obviously prompted by the apparently limitless future of the new industry. Sales of radio sets and parts have increased from $2,000,000 in 1920 to $400,000,000 in 1924, and the "saturation point" is still apparently far away. The radio industry appeals to the average American...
Said William A. Brady, producer: "I sat with a group of people and enjoyed over the radio free of charge a program which I can only describe as gorgeous. . . . The plain truth is that we of the theatre are headed straight for ruin...
After the Bori-McCormack concert (see Page 14) there was a startling-move in Radio Corporation of America, under which the issue shot up swiftly. In fact, the companies which are particularly connected with the radio business have almost all enjoyed a sharp rise...