Word: borge
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...stance on fiscal policy; this should put an end to some of the uncertainty that has been depressing the market. Moreover, many investors feel that the blue chips have gone down by about as much as they ever will. Take the testimony of Judson Sayre, retired vice president of Borg, Warner, who now spends his time investing for himself in a quiet office in Chicago's Merchandise Mart. Sayre has done very well on growth stocks, reputedly has made $1,000,000 on Xerox and Syntex. Last week Sayre bought 5,000 shares of Pennsylvania Railroad, and he intends...
Died. Roy Claire Ingersoll, 81, former president (1950-56) and chairman (1954-61) of Chicago's Borg-Warner Corp., who took the conservative old auto-parts and appliance maker into such varied fields as aerospace and oil-drilling gear, thereby nearly doubling sales to $585 million by 1961, when his son Robert took over the top job; of cancer; in Winnetka...
...million to an ambitious five-year industrial-expansion program that has already created a small but thriving factory district in Valletta. But Malta is far too tiny (122 sq. mi.) and barren to produce enough to feed its dense population of 330,000. So Nationalist Prime Minister George Borg Olivier is taking the path of Malta's history: loudly promoting the glories of its wide beaches, its ornate cathedrals, mosques and fortresses, and its 4,000-year-old ruins, he is looking forward to yet an other invasion. This one by tourists...
...York's Associated Dry Goods Corp. for $2,200,000 worth of Associated stock. Barry's share was about 20%. His common stock holdings now include 7,555 shares in Associated Dry Goods (worth $445,700), 973 shares in Arizona Bancorporation ($20,400), and 90 in Borg-Warner Corp. ($4,320). He has life insurance with a cash value of $20,000. And he also has $37,000 cash on hand, a sizable chunk of which is earmarked to pay for the proud wedding he put on for his daughter Peggy last June. Thus Barry's personal...
...share of an estate valued at $980,000. Today Peggy's nest egg has grown to include 1,690 shares of common stock in American Electric Power Co. ($77,740), 349 shares in Arizona Bancorporation ($7,330), 5,278 in Associated Dry Goods ($311,400), 2,491 in Borg-Warner ($119,568), 200 in Continental Casualty Co. ($15,600), 348 in General Electric Co. ($29,232), 798 in General Motors Corp. ($75,000), 417 in Hooker Chemical Corp. ($18,765), 87 in International Business Machines ($40,225), 550 in Maryland Casualty Co. ($33,550), 350 in Honeywell...