Word: stocking
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Dates: during 1950-1950
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...fortnight ago the Constitution claimed victory: it reached its quota first. But last week the Journal won out after all: it acquired the Constitution lock, stock & pachyderm, and merged the papers...
...Publisher Cox a cent in cash. (In 1939, he had paid about $3,000,000 for the Journal, another $2,000,000 for its radio station, and $800,000 more for Hearst's Georgian and Sunday American, which he folded.) Last week's deal was a straight stock swap: Howell & Co. exchanged their control of the Constitution properties (valued at $4,500,000) for the non-voting preferred stock in a new corporation that will control the merged papers. Chairman of the board and owner (with his family) of the voting common stock: James...
...million Fontana steel plant, his biggest moneymaker. The next best moneymaker, Kaiser Aluminum & Chemical Corp., is controlled (49.7%) by the Henry J. Kaiser Co. and another investment company, Kaiser Industries, Inc. Between them they also control four other profitable companies: Permanente Cement Co., with a 30.4% stock interest; Kaiser Metal Products Inc. (55%), Kaiser Community Homes (50%), and Consolidated Builders Inc. (22.5%). On the other hand, the two companies own only 9.5% interest in the money-losing, automaking Kaiser-Frazer Corp...
...tube was anywhere near perfect. But when & if perfected, the tube, Geer said, would make it easy to 1) convert existing TV sets to color, and 2) manufacture color television sets for less than the current prices of black & white receivers. The day after all this optimistic talk, Technicolor stock jumped 3¼ points...
...brought to the attention of the Boston police when a local art dealer checked with the state about another old document which concerned the sale of land in Vermont by the Earl of Sterling. Discovering that this document, too, was missing from state collections, authorities began checking the stock and noticed that some 43 priceless documents were missing...