¶ Last week for the first time in nine years Auburn Automobile Co. omitted its quarterly dividend (50¢ per share). In 1929 Auburn stock hit $14. Last week it was down to $6, an alltime low. A speculative favorite during the early years of Depression, it gyrated between 84 and 295 in 1931, sold above 150 even in 1932. Out of Auburn stock President Errett Lobban Cord reaped the quick fortune which put him into aviation, shipbuilding. ¶Edison Electric Illuminating Co. of Boston last week filed with the Federal Trade Commission for...
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