Word: sec
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Dates: during 1950-1959
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...backer, Manhattan Millionaire Clendenin Ryan. Five months ago the Mercury owed so much money that Huie was ready to close down. In time's nick, Huie found an angel: J. (for John) Russell Maguire, of Greenwich, Conn., who was operating principally as a Wall Street broker until the SEC forced him out for "flagrant violations" of the law. Later he made millions in manufacturing (Thompson submachine guns, electrical equipment, etc.) and oil. Last week Maguire's backing cost Huie the top section of his staff...
...Ascari skidded off the road and cracked up his Ferrari; the surprise first-day leader turned out to be the little (1½-liter) French Gordini, driven by an ex-motorcycle racer named Jean Behra, who set a blistering average of 89 m.p.h. Only 5 min. 37 sec. behind the Frenchman was Italy's Bracco, with Germany's Karl Kling, greying veteran of prewar races, right at their heels...
Under Chapter 140, Sec. 185a of the "General Laws of Massachusetts," scalping may draw a maximum penalty of a $500 fine. According to this regulation, "No person shall engage in the business of reselling any ticket or tickets of admission . . . to any public . . . exhibition . . . without being licensed therefor by the Commissioner of Public Safety...
...blocked by stockholders who thought their holdings were worth more than the plans called for. One plan, which would have given all the assets to preferred stockholders and left nothing for the owners of 2,162,607 shares of common, was approved by a federal court and by the SEC, which ordered the New York Stock Exchange to remove Standard Gas common stock from trading, as worthless. In over-the-counter trading, the stock sank as low as 13?. But common and $4 preferred stockholders fought the plan, won a court order against its execution...
...City, a 6-to-1 shot in a renewal of the $25,000 Gotham Trot. Starting in the second tier, Chris passed such topnotch trotters as Yankee Hanover, Pronto Don and Main-liner, breezed across the finish six lengths ahead. The sea horse's time: 3 min. 9 sec., breaking his own track record...