Word: year-end
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...Plough, 81, made $39 million on paper last year; his 3% stock ownership in the drugmaking Schering-Plough Corp. rose to a year-end total of $105 million. Plough started in business at the age of 16 by borrowing $125 from his father in order to sell "Plough Antiseptic Healing Oil" door-to-door from a wagon in Memphis; 65 years and 29 acquisitions later, he has built a worldwide company that he still actively manages as chairman. Plough's record of fast earnings growth-from $1.43 a share in 1968 to an estimated $2.90 last year-has caught...
...Uihlein family of Milwaukee saw the value of its 80% holding in Jos. Schlitz Brewing Co. rise about $500 million during 1972, to a year-end total of roughly $1.3 billion. The fortune is divided among some 420 holdings by Uihleins, spouses, children and family trusts, but the biggest block-a bit more than 20% of the company, worth roughly $346 million-is under the control of Chairman and President Robert A. Uihlein Jr., 56, grandson of the nephew of Founder August Krug. Uihlein took over the company in 1961, when its rank in the beer business was slipping...
...Levy family of Dallas last year saw the paper value of its stock in National Chemsearch Corp., a maker of cleaning chemicals, rise $97 million, to a year-end total of $263 million. The family stock is controlled by three sons of the founder: Chairman Lester Levy, 48; President Irvin Levy, 42; and Executive Committee Chairman Milton P. Levy Jr., 45. The Levys make the Up-johns look like chatterboxes. They will not grant interviews, are little known in Dallas society and rarely mentioned in area newspapers. They are also said to reserve all Chemsearch management decisions for themselves. They...
Even so, concern about Tanaka's drift is beginning to trickle through the bureaucracies and into the once pro-Tanaka press. Says one Japanese journalist who attended his year-end press conference: "Again and again, whether he was asked about inflation, or land prices or what have you, he would say it was a very difficult problem and that it had to be studied. One didn't get the feeling he knew where he was going...
...first definitive year-end report card on the economy-the stock market average on the final day of trading -was cause for solid optimism on the part of investors. Last week the Dow Jones Industrial Average closed at 1020 -up 130 points for the year, a remarkable gain...