Word: shared
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Dates: during 1930-1939
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Champion Braddock's net return from his share of last week's $715,000 gross receipts, ninth largest in ring history, was some $60,000,* far less than he was offered as a guarantee for fighting Challenger Schmeling. But Champion Braddock's loss was trifling compared to Madison Square Garden's. After last week's fight. Promoter Jacobs signed a five year contract for Champion Louis' exclusive services. Since a condition of fighting Joe Louis will doubtless be for all challengers a similar contract with Promoter Jacobs, Louis' victory last week gave Promoter...
Champion Braddock's share was 50% of the gross receipts after State and Federal taxes had been deducted. Of his original $300,000, Braddock had to give half to his longtime manager, Joe Gould, who pays training expenses. Of his remaining $150,000 almost half went for taxes, $15,000 more to settle a debt with Promoter Jacobs...
Latest addition to this list was Standard Brands which last week offered through a Morgan Stanley & Co. syndicate 200,000 shares of $4.50 cumulative preferred stock at $95 per share. It happened to be Morgan Stanley's first flotation of preferred stock in its two years of underwriting history...
...late Russell Sage paid Western Union the compliment of observing that only once in a lifetime might a man hope to buy its stock below $50 a share. Until 1931 Western Union bulls used to make great play with this remark, which indeed held true for many a lifetime ended before that year. Since then there have been frequent opportunities to buy Western Union at prices well below $50. Its first 1937 dip below that price occurred fortnight ago, when, after dropping steadily from a year's high of $83.50, Western Union slid to $49.50. Last week it broke...
Stocks of the struck steel companies, however, suffered no more than others. Bethlehem was down from the year's high of $105.50 to $76.50 per share; Youngstown Sheet & Tube from $102 to $74.75; Republic from $47.25 to $31.25; Inland from $131.25 to $94.75. Yet U. S. Steel was also off from its high of $126.50 to $92.50 per share and Chrysler sold below $100 for the first time in more than a year. Most spectacular break was in Auburn Automobile, which crashed from $23 per share to $13.50 in four days...