A month ago the New York Stock Exchange discovered that of the $92,000,000, "U. S. Government and other marketable securities," which Allied Chemical & Dye put down in a lump sum among "current" assets on its balance sheet, the largest part consisted of the company's own stock. Forthwith the Exchange ordered Allied stock be stricken from trading on Aug. 23, if in the meantime Allied did not give its stockholders more & better information. A grave defeat was this for Orlando Franklin Weber, autocrat of Allied, who for a full year had urbanely...
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