Word: claytons
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...major battle in its antimerger campaign. In Manhattan's U.S. district court last week, Judge Edward Weinfeld banned the merger of Bethlehem Steel and Youngstown Sheet and Tube, one of the biggest deals in industrial history. It was the first court test of a Government suit under the Clayton Antitrust Act since it was amended in 1950 to make it tougher...
...days is figuring how high the industrials would be if American Telephone & Telegraph had not been substituted in 1939 for International Business Machines. Since then, IBM has gone up from 191 to 5.588, counting splits and stock dividends, while A.T. & T. has gone only from 165 to 200%. Harold Clayton of Hemphill, Noyes calculates that the average would now be at 1830, and other experts figure it at 910. All used different short-cut computations. To get the correct figure, it would be necessary to recompute the Dow-Jones average for every market day since 1939 -a task to challenge...
...Dave '59 FB 21 6.0 196 Petoskey, Mich. 33 Goodwin, Ed '61 FB 19 6.1 188 Millville, N.J. 34 Doelling, Fred '60 HB 19 5.11 173 Valparaiso, Ind. 39 Raser, Bill '59 HB 21 6.0 178 Hartsdale, N.Y. 41 Coffin, Dave '60 B 19 6.0 171 Fairfield, Conn. 43 Clayton, Charles '60 B 21 6.0 171 Philadelphia, Pa. 44 Donahue, Jeff '59 B 19 5.10 162 Fairfield, Conn. 45 Shaw, Edward '59 B 19 5.11 185 Tunkhannock, Pa. 48 Strine, Bill '60 B 20 6.0 165 Media, Pa. 49 Wright, John '59 B 21 6.1 193 Altoona, Pa. 50 Couser...
Because he bolted two years ago to support Dwight Eisenhower, Harlem's seven term Negro Congressman Adam Clayton Powell was read out of the Democratic Party and replaced on Tammany Hall's primary slate by a loyal Democrat. But last week Powell was invited back along a flower-strewn path with the special title of "associate" manager of Governor Averell Harriman's re-election campaign. Reason: Tammany Chieftain Carmine De Sapio realized that he needed Powell more than Powell needed Tammany. Running in the primary as an independent, Powell trampled Party Choice Earl Brown...
...Tammany Hall that calls the shots even for the Governor: at the August state convention, Tammany Chief Carmine De Sapio humbled Harriman, rumbled through his own personal choice for the U.S. Senate nomination, New York District Attorney Frank Hogan (TIME, Sept. 8). Harlem's powerful Congressman Adam Clayton Powell Jr., is running on both tickets and, particularly in the wake of Democrat Orval Faubus' antics, could conceivably switch 30,000 Harlem votes to the Republicans. A final special advantage: many a New York bloc, e.g., Negroes, plus liberals, art lovers, medical men and the churches, recognize a longstanding...