Business: Dodge Sale

Though Clarence Dillon's spectacular purchase and sale of the Dodge Brothers Automobile Co., now Dodge Brothers, Inc. (TIME, Apr. 13, 20), is largely completed, the shouting about it is not. Indeed, the speculators and brokers of the Stock Exchange are still keenly interested in the matter. The new Dodge shares were listed on the Exchange on a "when issued" basis, , before the actual stock certificates were printed. Subsequently, open contracts made on this basis were settled by the delivery of interim certificates for the preference stock, and of interim receipts for the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!