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...last week's end, C. I. Organizers met trouble that they did not expect. For Sunday they had scheduled a mass meeting at small Picher, Okla. in the midst of a rich lead & zinc region to talk tough miners into deserting the independent Tri-State Metal, Mine & Smelter Workers' Union. Before the meeting could assemble a mob of 4,000 Tri-Staters marched in armed with pick handles, clouted every C. I. O. man they could find in town, wrecked the meeting hall. Looking for more C. I. O. meetings, the mob crossed the Kansas line. One section...
...that they had learned a lot since they took off with ceiling zero in the late 19205. Not only did they mount the witness stand in Washington with penitence and goodwill, but also wrote a good record in their annual reports. In a study of 47 general management trusts, Tri-Continental Corp. last week announced that the average gain for the year had been...
Trusts have hitherto objected strenuously to comparisons with stockmarket averages. This year Tri-Continental was only too glad to point out that in comparison with an average gain of 32% for general management trusts, Standard Statistics' 90-stock average rose only 27.9% the New York Times' 50-stock average only 21.1%, the 782 common stocks listed on the New York Stock Exchange about 25%. The Dow-Jones averages showed a 24.5% rise in industrials, 32.5% in rails, 17.9% in utilities. Actually the comparison was even more favorable to the trusts because part of their assets were in cash...
Mutual type trusts did a little less well than general investment companies, Tri-Continental's average for 22 mutuals being 30.9%. A list of 15 specialized trusts with portfolios concentrated in one industry varied widely in performance, showed a gain on the average of only...
Yale and Princeton teams will form the other two-thirds of the tri-cornered relay race in which Harvard...