Last week the following newsworthy corporations made the following news:
¶ Coca-Cola Co. Directors voted to split their stock four for one. The world's biggest maker of a 5¢ trademarked drink increased its profits 32% in the first year of Repeal, its stock now ranking as the highest-priced active industrial issue on the New York Stock Exchange ($244). One reason: cheap sugar. In Coca-Cola economy a 1¢ change in sugar prices amounts to $1.50 per share of Coca-Cola's old stock.
¶Chairman-President Tom Mercer Girdler of Republic Steel drove the last rivet in his long-delayed merger...
To continue reading:
or
Log-In
