Business: Fur Troubles

When a company discovers an unwanted deficit, first aid can be brought either in the way of outright cash gifts to increase the assets, or the return of stock, to decrease the liabilities. Last December, Harrison Williams and Goldman, Sachs, viewing the deflated books of their new Shenandoah Corp., permitted it to purchase for retirement 765,000 shares of its own $50 preferred stock at a price below its then current $35 quotation (TIME, Dec. 16).

Last week another company received resuscitation in this manner. Eitingon Schild Co., Inc. is the world's largest fur...

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