Business: Surprised Stockholders

Critics of U. S. Capitalism often cite the history of Radio Corp. of America's common stock as a glaring example. In 1922 it sold at $2.50. In 1932 it sold at $2.50. But at one point in 1929 it sold at $549. In 1929 each share was split up into five. This year R.C.A. common stock has sold as high as $12.75, as low as $4.75, was last week around $8. Net profit for the September quarter, chiefly from selling radio sets and radio time over N.B.C., was $1,951,726, up $868,122 over 1936....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

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