Word: williamsport
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...Williamsport...
Bethlehem Steel Corp. was hard hit in pride and pocketbook two months ago. Then, a federal district court in Scranton annulled its 1937 purchase of the Williamsport Wire Rope Co. on the ground that a federal judge had been bribed to approve the deal (TIME, Oct. 27). Last week Bethlehem found a way to clear its name and get back Williamsport. It agreed to pay Williamsport stockholders an extra $6,000,000 for a clear title to the company (it had originally paid $3,300,000 for the business while it was in receivership). In approving the terms...
When the $7,500,000 Williamsport Wire Rope Co. found itself on the brink of bankruptcy in 1932, Bethlehem Steel Corp., which held 17% of Williamsport's stock, advised the company to go into receivership. In 1937, Federal Judge Albert W. Johnson ordered that the company be sold. He approved a bid of $3,300,000 from Bethlehem Steel, and wiped out stockholders' interests. Bethlehem's total cash outlay in the deal was only $89,000. It paid the balance by turning over $1,200,000 par value of Wire Rope's bonds, and certain bank...
...Norwalk, Conn. Little League baseball team, the Little League World Series in Williamsport...
...audiences throughout the U.S.-in Oakland, New Orleans, Salt Lake City, Syracuse and Williamsport, Pa.-have been eating it up. Businessmen and bobby-soxers, college students and clubwomen have jammed theaters and auditoriums and high-school gymnasiums to hear the Devil and Don Juan swap epigrams and arguments. As the grosses mounted, the show-business weekly, Variety, headlined: "STICKS OUTSHINE BROADWAY...