Word: stocked
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Dates: during 1960-1969
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Jail Tents. Employees at the Stock Yard Inn, where many of the delegates will eat at least once, have been checked for security. (Three failed to meet specifications, but were fired for "incompetence" before the test was completed.) Secret Service agents will inspect all personnel and cargoes going into the stockyards. Other agents will be positioned to survey everyone arriving by public transport. Known militants and agitators will be shadowed as a matter of course...
...radical retrenchment policies, the venerable Curtis Publishing Co. sold off the Journal, along with the household-decorating monthly American Home. The buyer: Downe Communications Inc., a consortium of mailorder firms, cosmetic and pet-food companies, and the newspaper supplement Family Weekly. Price: 100,000 shares of Downe stock, worth about $5,400,0000. Downe hopes to boost the Journal's circulation and ad revenue without changing either its staff or, more important, its basic philosophy-"never underestimate the power of a woman...
Giving Up $150 Million. SEC pressure last week won a much more costly concession from Wall Street. For the first time in its 176-year history, the New York Stock Exchange proposed a reduction in its sacrosanct brokerage commissions. The cuts would apply only to orders involving more than 1,000 shares of stock. Even so, Big Board President Robert W. Haack estimated that the plan would cut U.S. brokers' total commissions about $150 million annually, or 7% of the $2.1 billion they took in last year from exchange trading. As of now, the same rates (varying with...
That was not soon enough for the Whites. Pointing to its 24% stock holding, the family demanded "pro rata representation," presumably meaning at least six seats, on the bank's 25-member board. First National countered by offering the family two seats, specified that both be filled by family representatives other than Bill White. "Young Bill is a very smart man," explains First National Chairman Montgomery Dorsey, 67. "But he doesn't have the maturity of judgment or outlook to go with his brilliance." Adds Adams: "We feel that he would be a disruptive influence on the board...
Whatever his ultimate objective, White last week brought the battle to a head by making a tender offer, under the name of Thatcher Banking Partners, for 50,000 shares of First National stock at $120 a share. To put its proposed holding company into operation, the bank needs approval of two-thirds of its stockholders. Coming on top of the stock it already holds, the White family's bid, if successful, would give it a 34% interest, just enough to block implementation of the holding company...