Business & Finance: Pineapples Straight

In Honolulu last week one of the world's simplest corporations voted to dissolve itself. Known as Pineapple Holding Co., Ltd., its entire assets consist of $37,500 in cash and 500,000 shares of Hawaiian Pineapple Co., Ltd., successor to an earlier company of the same name founded by James D. Dole in 1901. As all the holding company does is to hold, it reports no income, no outgo, no profit, no loss. It was formed in 1932 (along with the present Pineapple Co.) to straighten out the tangled affairs of the Dole company, which had grown long on inventory, short on cash....

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