Business & Finance: Morgan in Soap

Dwellers in Cincinnati's Millcreek Valley district are well aware of the proximity of Proctor & Gamble Co.'s plant—particularly when the wind blows in their direction. Makers of long-famed Ivory and new-famed Camay soaps and of Crisco shortening, Procter & Gamble Co. is great Cincinnati industry, William Cooper Procter is great Cincinnati tycoon. Last week, however, Procter and Gamble showed a trace of Manhattan influence. To J. P. Morgan & Co. for $10,000,000 went 150,000 shares of P. & G. stock and an option on 100,000...

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