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Winona Republican Herald Newspaper Archive: February 9, 1950 - Page 1

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Publication: Winona Republican Herald

Location: Winona, Minnesota

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   Winona Republican-Herald, The (Newspaper) - February 9, 1950, Winona, Minnesota                              FAIR TONIGHT, WARMER FRIDAY KWNO-FM Tops in Radio Entertainment VOLUME 49, NO. 301 WINONA, MINNESOTA, THURSDAY EVENING, FEBRUARY 9, 1950 FIVE CENTS PER COPY TWENTY PACK Lowrie Re-arrested at Lake City Carried in Sack Gambling Profits, 5 Say Detroit Police grilled four men and a woman today on their possession of a paper bag containing in cash. Whether there was any evi- dence linking the five with the Brink's Inc. Bobbery in Boston, however, police re- fused to say. The five, arrested In a park- ed car here early yesterday, insisted the money represent- ed gambling proceeds. Beyond that, they weren't talking, said Police Inspector Walter Wyrod. Brink's In Boston was rob- bed January 17 by nine men who escaped with A day earlier holdup men took from the Statler hotel in Boston. On a routine checkup the five were seized at a.m. yesterday in a so-called "hood- lum neighborhood." A paper bag In the car bulged with 000 In bills and in bills. Held on a technical "for In- vestigation" charge were John Gach, 35, and his bride of three weeks. Dorothy, 22; Merico Depletto, 29; Steve Settas, 89, and Steve Vitale, 25. Mrs. Dorothy Green Gach Arkansas Bonds Sold at Profit' St. Paul The Equitable Securities Corporation of Nashville, heading a syndicate embracing 17 other investment firms, today was the successful bidder for Minnesota's entire holdings of Arkansas highway bonds with an offer of The state investment board, with State Treasurer Schmahl dissent- Ing, met in Governor Youngdahl's office and voted to accept Equitable's bid.' It was the highest offer of six bids received in open competition for purchase of the two blocks of high- way bonds which have a face value of, Eight days ago J. C. Lancaster, Memphis, Term., banker, made a surprise appearance before the board and offered to buy the bonds for or less than today's offer. Lancaster represent- ed the Equitable Securities Corpora- tion and substantially the same group of investors as bought the bonds today. The Equitable Securities Corpora- tion syndicate Includes the Union Planters National bank of Mem- phis, Term.; W. R. Stephens Invest- ment Company; Blyth Company; Lehman Brothers; White, Weld Company: John Nuveen Com- pany; Marine Trust Company, of Buffalo; Field, Richards Com- pany; Hirsch Company; Provi- dent Savings Bank Trust; Demp- sey-Tegeler 
                            

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