Business: Abandoned Mayflower

In person and by proxy the stockholders of an unusual U. S. investment trust assembled last week in Jersey City, there solemnly voted their corporation out of business. The trust was no down-at-the-heel affair with a sorry or unsavory history. It was Mayflower Association, Inc. with assets of some $19000,000 and one of the best records in the field. Its stock was launched on the full crest of the 1929 boom at $60 per share. Its liquidating value today is more than $77, after past distributions of some $27 in cash and stock....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!