Archive for the ‘General Motors’ Tag
13Aug36: 11 DETROITERS WIN AWARDS
DETROIT EVENING TIMES
Dateline: Thursday, August 13, 1936
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11 DETROITERS WIN AWARDS
Eleven youths from Detroit and suburbs today were among the winners of the state-wide Fisher Body Craftsman’s Guild apprentice class competition.
William A. fisher, president of the General Motors-sponsored educational foundation, said judging of the models submitted has been going on since close of competition August 1.
The Detroit winners are George Siegwald, 16 years old, of 5074 Fernwood avenue, winner of first place in the junior division; J. James Hasenau, 17, of 15375 Griggs avenue, who took second in the senior division; and Joseph F. Nardi, 15 of 1523 Townsend avenue; Leonard Ludkiewicz, 18, of 3146 Lehman avenue; William Reti, 19, of 5980 Wewick avenue and John Zedik, 17, of 2747 South Edsel avenue, all of whom won honorable mention.
The others include Donald Warde, 13, of 203 Baker street, Royal Oak, winner of second place in the junior division; Reneau Sprague, 15, of 588 Stanley avenue, Birminghan, thired place winner in the same division and John Kuchasky, 20, of 2614 Evaline avenue, Hamtramck, victor in the senor division.
13Aug36: $240,000 LOSS BY KETTERING
DETROIT EVENING TIMES
Dateline: Thursday, August 13, 1936
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$240,000 LOSS BY KETTERING
WASHINGTON, Aug. 13–Loss of $240,000 by Charles F. Kettering, General Motors Corporation vice president, today was among revealed facts in a Securities and Exchange Commission investigation of investment trusts.
Kettering testified he lost that amount through purchase of 40,000 shares of Yosemite Holding Corporation. Kettering paid $260,000 for the stock. Later he exchanged it for stocks in the Equity Corporation which he sold for $20,000.
Ralph W. Simonds, president of Baker, Simonds & Co., told of selling the stock to Kettering at $6.50 a share after it had been issued to the brokerage company at $5.95 a share.
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