Only a fortnight ago Atlas Utilities Corp., investment trust headed by astute Floyd Bostwick Odium, 39, set Wall Street talking by its sudden acquisition of $9,000,000 Ungerleider Financial Corp. and $20,000,000 Sterling Securities Corp. (TIME, Aug. 17). Last week Atlas made its twelfth purchase since June last year, one bigger than any of the others. This buy was control of Chatham Phenix Allied Corp., formed in September 1929, by the securities affiliate of $326,000,000-in- resources Chatham Phenix National Bank & Trust Co., Manhattan.
Chatham Phenix Allied was started as an investment trust with the power...
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