OUTCOMES FOR 1920
• KROGER – RECESSION AS THE WORLD WAR ENDS
EFFECTS THE COMPANY PROFITS $80
• RADIO CORP – SALES SLOW, LITTLE DEMAND $80
• MAMMOTH OIL – 9 NEW WELLS BEGIN PRODUCING
IN WYOMING FIELD $120
• CITY CORP – BANK DECLARDES USUAL 6%
DIVIDEND $110
• DURANT MOTORS – COMPANY FAILS TO MAKE
PAYMENT ON NOTES TO CITY CORP. $70
• MIDLAND POWER – MIDLAND EXTENDS SERVICE
INTO MICHIGAN AND WISCONSIN $120
• K&P RAILROAD – FEDERAL GOVERNMENT
DEREGULATES RAILROADS AFTER WAR ENDS $120
• TEL-TONE – DIAL TELEPHONES WILL BE
INSTALLED IN PARTS OF NEW YORK CITY $150
OUTCOMES FOR 1921
• KROGER – FEDERAL GOV’T INCREASES TARIFF ON
AGRICULTURAL IMPORTS $100
• RADIO CORP – FIRST RADIO STATION, KDKA, BEGINS
BROADCASTING IN NOV. 1920, SALES OF NEW MODELS
IMPROVE $110
• MAMMOTH OIL – OIL LEASE AT TEA POT DOME IN WYOMING
CAUSE BIG PROFITS $140
• CITY CORP – BUSINESS AS USUAL $120
• DURANT MOTORS – SALES DEPRESSED BECAUSE OF
FORD’S INEXPENSIVE MODEL “T” $60
• MIDLAND POWER – INSULL BEGINS BY BUY-OUT OF
COMMONWEALTH EDISION. PROXY FIGHT PREDICTED BY
WALL STREET. $110
• K&P RAILROAD – COMPANY BEGINS EXPANSION INTO
SOUTHWEST MINING AREA $130
• TEL-TONE – COMPANY WILL PAY A 10% DIVIDENT AS A
RESULT OF DIAL SUCCESS $160
OUTCOMES FOR 1922
• KROGER – Company merges with large Eastern food chain of
stores $150
• RADIO CORP – 15 new patents purchased. Sales improve. $130
• MAMMOTH OIL – Company continues to be among the hottest
stock on exchange $160
• CITY CORP – U.S. Foreign Debt Commission begins discussion
of repayment of French and English loans to American banks.
$130
• DURANT MOTORS – Locomobile sales are depressed by mass
production of Fords $50
• MIDLAND POWER – Insull’s financial manipulation allows
Midland to take control of Commonwealth Edison $125
• K&P RAILROAD – Profits rise as agricultural shipments from
the Southwest begin $140
• TEL-TONE – New York Stock Exchange announced that Tel-Tone
has shown the greatest increase of any stock listed on the
exchange $170
OUTCOMES FOR 1924
• KROGER – Corn blight and the unstable agricultural prices
cause limited profit $140
• RADIO CORP – New models well received by the public. Sales
boom. $142
• MAMMOTH OIL – Tea Pot Dome scandal breaks. Congressional
investigation of oil leases find fraud. Secretary of the Interior
Fall indicted for fraudulent oil lease. Owner Sinclair fined for
contempt of court. $40
• CITY CORP – Company announces another good year.
Business as usual. $140
• DURANT MOTORS – Du Pont family begins to buy large blocks
of Durant stock. $60
• MIDLAND POWER – Insull announces dividends will not be paid
for one year as a result of the Edison merger. $100
• K&P RAILROAD – Competition from trucking effects profits.
$130
• TEL-TONE – Company announces completion of a merger with
several East Coast companies. $180
OUTCOMES FOR 1926
• KROGER – Company begins buying fresh fruit from California.
Profits up. $155
• RADIO CORP – Government statistics indicate over 200 radio
stations open in two year period beginning in 1924. $160
• MAMMOTH OIL – The company has not recovered from the Tea
Pot Dome scandal. $30
• CITY CORP – French government begins to pay on WWI loans.
Stock jumps. $160
• DURANT MOTORS – Fisher Body joins Durant in a merger. $70
• MIDLAND POWER – Cyrus Eaton of Cleveland may be trying to
take over Midland by purchasing large quantities of stock.
Proxy fight may begin. $130
• K&P RAILROAD – Profits from Southwest expansion shows
little success. $120
• TEL-TONE – Bell Telephone makes an offer to buy the
outstanding stock from the company. $200
OUTCOMES FOR 1927
• KROGER – Company begins opening markets in most major
East Coast cities. $145
• RADIO CORP – Over 700 radio stations now exist in the U.S.
Sales excellent. $160
• MAMMOTH OIL – The owner of Mammoth renames the company
Sinclair Oil and issues new stock. $45
• CITY CORP – Profits up; business good. $150
• DURANT MOTORS – Louis Chevrolet is hired to design an
inexpensive car to compete with the Model “T” Ford. $80
• MIDLAND POWER – Cyrus Eaton begins dumping large blocks
of Midland stock on a depressed market. $90
• K&P RAILROAD – Flood damage in Mid-West causes railroad to
lose money. $110
• TEL-TONE – The company is taken over by the Bell System.
$220
OUTCOMES FOR 1928 – Best year in
stock market history to date!
• KROGER – Sales improve as agricultural surpluses keeps farm
prices low. $180
• RADIO CORP – RCA stock becomes one of the hottest on the
market $240
• MAMMOTH OIL – Now Sinclair Oil. Company begins to recover
from scandal. $70
• CITY CORP – 10% dividend on all stock is paid by City Corp.
$200
• DURANT MOTORS – Durant Motors and Fisher Body have
announced a merger of over 300 auto parts producers to form a
new company called General Motors. $150
• MIDLAND POWER – The Chicago Tribune discloses Insull’s
company is a “House of Cards” ready to crumble. $70
• K&P RAILROAD – New oil field opened along the right of way in
Kansas and Oklahoma. $150
• TEL-TONE – Stock continues to rise. $250
OUTCOMES FOR 1929
Thursday, October 24, 1929: (Black Thursday)
12 million shares are traded in one day on the
New York Stock Exchange. $700 million is
lost by stock holders as the market takes the
greatest dive in history.
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KROGER –$100
RADIO CORP –$50
MAMMOTH OIL –$30
CITY CORP –$150
DURANT MOTORS –$50
MIDLAND POWER –$10
K&P RAILROAD –$20
TEL-TONE –$100