Word: cyrus
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Steel for Henry. When Henry Kaiser fell out with Cyrus Eaton, his Kaiser-Frazer Corp. lost its big supplier of steel, Eaton's Portsmouth (Ohio) Steel Corp. To plug the gap, K-F last week paid some $3.6 million for the Phoenixville (Pa.) plant of the Phoenix-Apollo Steel Co., which has a capacity of around 26,000 tons a month of finished and semi-finished steel...
After nine months of investigation, the Securities & Exchange Commission shelved its attempt to revoke the securities trading license of Cyrus Eaton's Otis & Co. SEC had little choice. It had hoped to prove that Otis & Co. had fraudulently wriggled out of a deal to underwrite a $10 million issue of Kaiser-Frazer stock. But the only way it could do so.was by proving that Otis & Co. had put Lawyer James Masterson up to filing the suit against K-F which had enabled Otis to call off the deal. Last month, a U.S. district court ruled that Eaton...
Dividends. In Boyne City, Mich., Mrs. Hudson Robinson cut open a fish, found the earring she had lost two years ago at a fish hatchery. In Lancaster, Pa., Fisherman Cyrus Dietrich pulled in his line, found a five-dollar bill on his hook...
Terrible-tempered Publisher Raymond Cyrus Hoiles, 69, who already owned six newspapers in five states,* bought the Odessa American, in partnership with 20 employees, for more than $200,000. Like the Chicago Tribune, whose editorials he reprints on days when his own spleen is small, Publisher Hoiles knows how to make people mad and make...
...Cyrus Eaton was not cowering in his corner. The charges, he insisted, "can only be characterized as false and malicious. They provide the final proof that the commission has completely become the tool of our Wall Street rivals, already facing anti-trust proceedings, whose business we have steadily been taking away by our honest, but unwelcome, free competition...