Word: block
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Dates: during 1950-1959
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...raised $7,600,000 to rescue the paper from sale to the opposition and to give themselves a share in its ownership (TIME, June 9, 1952 et seq.). Last week, though the Enquirer (circ. 206,408) is Cincinnati's most prosperous daily, the experiment came to failure. A block of securities that ensures working control of the paper went on sale to the highest bidder...
Stuart thought that his $1,500,000 block of debentures might bring as much as $3,000,000-a handsome capital gain for him, and a bargain for working control of a thriving, big daily. Control of the Enquirer would be a coup for the Taft-owned Cincinnati Times-Star, which tried to buy it before, or for the Scripps-Howard Cincinnati Post. But the purchase, which would give either paper a total of 70% of the city's advertising and circulation, might draw frowns from Government trustbusters. At week's end there were plenty of other possible...
...year. Last week, 20 years and two months later, Judge Moore, 78, settled the case, and gave the final O.K. to MoPac's reorganization. At the last minute a group of bondholders holding only one-third of 1% of the total claims against MoPac went to court to block the plan, but Judge Moore swept aside their objections as "frivolous." With that, the 9,710-mile Missouri Pacific, sixth longest U.S. rail system, came out of bankruptcy and back into private hands. The first major railroad to go into reorganization under Section 77B of the Bankruptcy...
...addition a U.S. District Court threw out a suit of Silberstein, president of Penn-Texas Corp., to block the Canadian Locomotive-Fairbanks, Morse stock swap. Ruled Judge Joseph Sam Perry: Penn-Texas "looks like a conspiracy of some type to raid the stock market . . . A slugging operation." After hearing testimony that Penn-Texas still owed $2,300,000 on $4,300,000 it paid for 100,000 shares of Fairbanks, Morse stock, the judge said he had "grave doubt" that Penn-Texas legally owned the shares it claimed. Crowed Bob Morse Jr.: "Obviously, Silberstein has much to learn about legitimate...
Perhaps television, or a newly-found and lamentable boredom with the bizarre, have changed Alfred Hitchcock's movie-making ethic. At any rate, this latest chip from the ingenious block has carved a new grain--the obvious, and very disappointing, situation comedy. The unmistakable Hitchcock touches remain, but the strained and tiresome have displaced the starting and quasiserious...