Word: walle
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Dates: during 1940-1949
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...found with the rest of the magazine on the grounds of maturity or competence, but there is nothing original, compelling, or satisfying. James McGovern's "Forty Cents" is an unambitious sketch whose type can be found almost any week in the New Yorker, and Bradley Phillips' "The Glass Wall" can hardly claim to be more than a somewhat symbolic atmosphere piece. Sensitivity and good writing do not save these stories from a slightness in which the Advocate makes a mistake to indulge to such an extent...
Beer-sipping customers lifted their heads but slightly as a dozen firemen neatly dismantled one wall of the Harvard Garden Grill last night. Three trucks and a hook and ladder and converged on the tavern at 10:15 o'clock and close to 100 bystanders stood and watched...
...falling out came over the third issue of K-F stock, a fast-moving, on-again-off-again deal that baffled the sharpest-eyed in Wall Street. Fortnight ago, Otis & Co. announced that 900,000 shares of the new issue had been "sold." But most of it had not been sold to the public; the underwriters had been stuck with it. As they had agreed to pay K-F $11.50 a share and offer it to the public at $13-and the stock was selling below the offering price-they could not unload it on the public without risking...
...Wall Streeters thought it quaint that Lawyer Masterson should be attacking Otis & Co. In a previous suit, he had been Otis' counsel. This moved Kaiser-Frazer to charge, in its own suit, that Otis & Co. "inspired" Masterson to disrupt the deal. But Masterson had another story. He charged that Kaiser-Frazer profits were finding "their way into the pockets of Kaiser and Frazer personally [via parts companies and other agencies personally owned by them] and not to the stockholders." He said the accounting he demanded would "wise up the whole country about Mr. Kaiser...
Unlucky Henry. Kaiser-Frazer had paid through the nose for that stock-buying job. Wall Street gossiped that many of those with inside information had taken advantage of the "stabilizing" to unload their holdings at the higher price. After K-F stopped buying, the stock started down. At $11, K-F had already lost over $460,000 on its stock. K-F had suffered another blow. It had tied up a good chunk of its ready cash in stock. With all the hue & cry over the stock, chances looked slim that K-F would soon be able to find...