Word: stocking
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Dates: during 1960-1960
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...train carried enough technical gear to stock a sophisticated physics laboratory. To test how the jolts, noises and vibrations of railroad travel will affect the warheaded Minuteman, sensitive oscilloscopes and oscillographs registered every rock and wriggle. Loudspeakers and telephones linked the communications HQ with the other ten cars (one boxcar that housed a jeep, two tank cars for water and diesel fuel, seven air-conditioned "quarters cars"-including one with stereo set, radio, TV). When the train stopped, crewmen stepped out and limbered up, but could wander no farther than 150 yards-earshot range. A sharp command from the single...
...sisters have not been on speaking terms for years. Mrs. Davis, who takes an active interest in the Post and serves as its secretary-treasurer, cannot understand her sister for taking no interest at all. Thus, when May Bonfils Stanton sold her stock, Mrs. Davis took it as a personal affront...
Immediately after the deed was done, Mrs. Davis publicly swore that, if she could prevent it, Newhouse would never get another share of Post stock. Then she set out to prevent it. In the ensuing weeks, Post officers, led by Helen Bonfils Davis, approached all of the four charitable trusts that together held the outstanding 65% of the stock. Last week Mrs. Davis triumphantly announced her first success: for $5,100,000, the Post had bought a 21% bloc from one of the four trusts...
...surprise maneuver neither guaranteed control to Mrs. Davis nor blocked out Newhouse. He can still bid for the 44% outstanding in trusts, although the stock will now cost him more: the Post paid $260 a share, $20 more than Newhouse paid for Mrs. Stanton's 15%. But by her determined action, Helen Bonfils Davis served clear notice that Outsider Newhouse is in for a real fight...
Wall Streeters doubted whether the Central offer was good enough to gain control of the B. & O. But it seemed good enough to block the C. & O.'s effort to get 80% of the B. & O. stock-and blocking the C. & O. is New York Central President Alfred E. Perlman's immediate objective. If a major proxy fight ensues, the much-wooed B. & O. stockholders will be in a position to pick and choose-or to force the Central and C. & O. to talk compromise terms with one another. Railroadmen felt that the two competitors might not really...