Word: sinclairism
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COAL MERGER between Chicago's Peabody Coal Co. and the Sinclair group of coal companies will form the nation's second biggest commercial producer, right behind the giant Pittsburgh Consolidation Coal Co. Peabody will get the Sinclair group for $34 million, exchange its stock for stock of the eight companies making up the combine. Joint sales: some 22 million tons of bituminous coal annually v. 25 million tons for Pittsburgh Consolidation...
Other earnings reports reinforced the glowing picture. RCA announced record first-quarter earnings of $12,568,000, 25% up over last year, and so did Sinclair Oil and Bristol-Myers. The New York Central made $4,523,646 in April as against $503,682 a year ago and first-quarter net of Standard Oil (Indiana) rose...
Died. Frank F. Merriam, 89, onetime (1934-39) Republican governor of California; of a heart attack; at Long Beach, Calif. Succeeding James Rolph Jr. in 1934, Merriam used the National Guard to squelch a San Francisco longshoremen's strike, that fall trounced Socialist-turned-Democrat Upton Sinclair in a bitterly fought gubernatorial campaign...
...Alex Haegler (H) defeated George Kirkpatrick, 3-6, 10-8, 8-6; Conrad Fischer (H) defeated Nat Greene, 4-6, 6-4, 7-5; Brooks Harris (H) defeated Webb Ray, 7-5, 7-5; Dan Mayers (H) defeated Larry Waterman, 6-2, 8-6; Maynard Canfield (H) defeated Ian Sinclair...
...Sinclair Armstrong, 39, a Chicago corporation lawyer before he became a member of the Securities and Exchange Commission in 1953. was named chairman of the SEC by President Eisenhower. Armstrong, a Harvard graduate ('38), got his law degree there in '41 and served as a Navy lawyer during World War II. He replaces Ralph H. Demmler, 50, chairman since 1953, who is returning to a private law practice in Pittsburgh. Andrew D. Orrick, 37, regional administrator of the SEC's San Francisco office, was nominated to fill the commission vacancy caused by Demmler's retirement...