Word: stocking
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Dates: during 1950-1950
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...said Jones & Laughlin Steel Corp.'s President Ben Moreell, his company expects lower profits per ton this quarter than in the first nine months of 1949. As for dividends, said he, over the past 27 years they have averaged only 1.6% of the asset value of J. & L. stock. To give stockholders a fair return of 8% under present tax allowances for depreciation, Moreell figures that J. & L. would have to boost prices another $17 a ton. (He told newsmen later that he was not thinking of raising prices at the moment, but "just as soon as competition will...
...until last week did the astounding truth about the obscure Swiss company come out. Actually, Leader, A.G. owned the whole foreign empire of Czechoslovakia's shoe king, Thomas Bata, which was left when he died in an airplane crash in 1932. Leader's entire stock consisted of the 2,000 shares, issued merely to "bearer." Since the bearer had been Muska, he technically controlled Leader...
...Muska, and how did he get the stock? The mystery started to clear up when Thomas Bata Jr. (rhymes with got ya), 34-year-old son of the shoe king, and Jan Bata, a half-brother of Thomas Sr., launched a court fight in New York for control of the empire. Each claimed the 2,000 shares, and demanded, as a starter, an 826-share block which Muska had deposited in a Manhattan bank...
Last week in Manhattan, after deliberating over the case for nine months, Justice Benjamin Schreiber of New York County's supreme court awarded the stock-and thus 40% control of the Bata empire-to Thomas Jr. and his mother. In doing so, he also unfolded a fantastic tale of international high finance and skulduggery...
...Montreal train again, to clinch the deal with Montreal's Hotelman Vernon G. Cardy, who is equally well-known as a horseman. ("There is nothing so good for the inside of a man as the outside of a horse"). For an undisclosed sum, Henderson would get the majority stock in six hotels with reported assets of $15.8 million, including two of Canada's largest-Montreal's 1,100-room Mount Royal and Toronto's 1,100-room King Edward. The others: Hamilton's Royal Connaught, Windsor's Prince Edward, Niagara Falls' General Brock...