Business & Finance: Soft Drinks

When Prohibition ended many a U. S. investor believed that soft drink corporations like Coca-Cola would suffer, while companies making ginger ale and carbonated water as "mixings" would greatly benefit. Last week this belief was definitely exploded when Coca-Cola common marched into a new all-time high of $200 a share and Canada Dry Ginger Ale sank to a two-year low of $8.75. Canada Dry's directors had cut the quarterly dividend from 25¢ to 10¢ a share. White Rock Mineral Springs Co. sold off to a three-year low the week before when its directors...

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