Business & Finance: Corporations

Last week the following newsworthy corporations made the following news: Yankee Brass. The banking house of Kidder, Peabody & Co. tried to break the capital market logjam with an offering of $8,000,000 of industrial bonds—biggest since 1931.

The market was ripe for bond flotations but the success of the Kidder, Peabody issue was due in large measure to the name the bonds bore: Scovill Manufacturing Co. of Waterbury, Conn., oldest and one of the largest brass companies in the U. S. It was not new financing; the last thing that rock-sound old Connecticut...

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