Stock blocks held by firms under scrutiny after court ruling
Large corporate portfolios include blocks of other firms' common stock held for investment, control, or as payment. Most holdings are for dividends or strategic diversification, with only a few cases potentially triggering antitrust concerns if voting power could influence competition.
MENTIONED IN THIS ARTICLE
New York
Supreme Court
du Pont
General Motors
Justice Department
Indiana Standard Oil
Jersey Standard Oil
Lawrence Signs Bills in Harrisburg Pennsylvania
Gov. Lawrence signed a broad package authorizing cities to destroy unowned pigeons by humane methods and allowing lease of oil and gas rights on state lands. The bill also waives competitive bidding on partial land leases, lets state colleges pursue research funds, and upgrades two generals to lieutenant general in the National Guard. It uses an old assessment base for school subsidies, a move debated as unconstitutional, potentially reducing aid for most districts. Final passage was described as the earliest since 1929.
MENTIONED IN THIS ARTICLE
Harrisburg
Gov
Lawrence
Pennsylvania
Forests and Waters Department
A. J. Drexel Biddle Jr
Richard K. Mellon
Pennsylvania National Guard
Pa General Fund Set At 899 Million
Harrisburg AP Pennsylvanias general fund for the 13 month period starting June 1 is 899 million dollars Gov Lawrence signed into law the bill that appropriates the money to finance operations of most state agencies for 1961 2 fiscal year The law also provides a 5 per cent salary boost for about 60 000 state workers with the signing Lawrence commended the General Assembly for handling the matter He approved the measure with one reservation directing the attorney general to review that
MENTIONED IN THIS ARTICLE
Harrisburg
Pennsylvania
General Fund
Gov. Lawrence
Lawrence
General Assembly
Tom
Lux Clock Accepts Robertshaw Offer in Stock Swap
Lux Clock Manufacturing Company of Waterbury announces its board has accepted a plan to exchange Lux assets for Robertshaw Fulton Controls stock, subject to Lux stockholders approval. If approved Lux will continue production at Waterbury Lebanon and Oakville plants, expanding to automatic timing devices for Robertshaw systems.
MENTIONED IN THIS ARTICLE
Arthur E. B. Tanner
Lux Clock Manufacturing Company, Inc
Waterbury
Connecticut
Lux
Robertshaw + Fulton
Lux Clack
Robertshaw ‘Fulton
Tanner
Robertshaw - Fulton
Lebanon
Tennessee
Oakville
Ontario
Canada
Robertshaw
Thomas T. Arden
Robertshaw-Full
Ton
Stewience
Sewage Project Funds Approved by House
The Pennsylvania House approved 748400 in state sewage project appropriations for Chester, Butler, and Washington Counties. The measures include 300000 to extend West Chester municipal lines to the State College, 350000 to Slippery Rock for its State College connection, and 98409 to Canonsburg-Houston Authority for the Canonsburg State institution. The vote was 19 50 and the bill moves to the Senate.
MENTIONED IN THIS ARTICLE
Harrisburg
Chester
Butler
Washington
House
West Chester
State College
Slippery Rock
Canonsburg-Houston
Canonsburg
Senate
Man charged after fatal head on crash in Ohio
An Anderson, 39, of Sharpville Pa., is accused of driving a car that collided head on with another on U S 42 near Warren Ohio, killing three members of a Masury Ohio family including John Guba 47 his wife Elizabeth 42 and daughter Catolé 19. The case went before the Trumbull County grand jury on Tuesday.
MENTIONED IN THIS ARTICLE
Anderson
Warren
Ohio
Georgées
U. S
Sharpaville
Masury
Trumbull
John
Guba
Elizabeth
Catolé
Also Mentioned on This Page
Ialyst
Lawrence Signs
Pa. General Fund
Lany
Philadelphia
Indiana
Red Dog
Clair L. Ruffner & Sons Clymer
8Th St
Controls Company
Lux Clock
A Sey Robertshaw - Fulton
Richmond
Virginia
Gazette
Barclite Corp. OF America
Barclay Manufacturing C,, Inc
Barclay Building
N, Y
Oxfords
Biege Straw
Indiana County
Dacron
R&k
Wiltless Dacron Batiste
Morton's Drug Store
Phila.st. Indiana
Akron
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