Word: swap
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...cent in cash. (In 1939, he had paid about $3,000,000 for the Journal, another $2,000,000 for its radio station, and $800,000 more for Hearst's Georgian and Sunday American, which he folded.) Last week's deal was a straight stock swap: Howell & Co. exchanged their control of the Constitution properties (valued at $4,500,000) for the non-voting preferred stock in a new corporation that will control the merged papers. Chairman of the board and owner (with his family) of the voting common stock: James...
Coach Howie Hobson's strategy was to swap a few outside shots for possession of the ball, but Hobson apparently hadn't counted on Smith's five completed set shots. The Blue was also caught short by the skill of Gerry Murphy and Dick Covey at spreading out the Eli defense and working the ball into Rockwell or Smith...
...eyed each other for size and vulnerability. Both were suffering similar symptoms: the New York Giants had some stars who did not speak Manager Leo Durocher's roughneck language and the Boston Braves had a long list of players who were incompatible with easygoing Manager Billy Southworth. A swap might keep both from repeating their indifferent 1949 showings...
...loss, some exchange experts thought that the pound might be in for more trouble, unless Britain removed her strict controls on its use. Warned the Wall Street Journal: "The pound is still a hobbled currency . . . The man who holds a pound sterling, with its limited usefulness, still wants to swap it for U.S. dollars or other money that is spendable anywhere any time . . . Under such circumstances, there is no 'rockbottom' price [for the pound...
City Editor Gene Lowall of the Denver Post (circ. 237,061) collects crimes with the passion that other men lavish on postage stamps and Ming vases. A onetime crime reporter himself, he likes to swap stories with Denver cops, spends his spare hours reading and writing whodunits, calls his reporters "my agents." In 2½ years on the city desk, Lowall has done his best to make Publisher Palmer Hoyt's Post read like an up-to-date version of the old Police Gazette. To charges that he overplays crime, Lowall answers: "No matter how cheap a crime story...