Ward Board May Boost its Dividend
The Montgomery Ward control battle gains momentum as directors led by Sewell Avery prepare a regular session to possibly declare a large dividend. Louis E. Wolfson plots a stockholder revolt ahead of the April 22 annual meeting, while Ward fights appeal over the staggered director system and Wolfson’s tour to rally investors across Jacksonville to Detroit.
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Montgomery Ward & Co
Sewell Avery
Louis E. Wolfson
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Avery
War Labor Board
Montgomery
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Washington, D. C
Capital Transit
Washington
Montgomery Watts Mountain
New York Shipbuilding Corp
Montgomery Ward
Opeen
Harry M. Fisher
State Supreme Court
Jacksonville
Fla
Los Angeles
Calif
San Francisco
Detroit
New York
No New Cal Tide Leases in Prospect
An Interior Department official said no plan exists to offer submerged lands off California for federal oil and gas leasing in the near future. He noted awaiting Supreme Court action on California's seaward boundary and said there has been little interest, with only informal inquiries from two oil companies.
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Washington
UPI
Interior Department
California
Texas
Louisiana
Supreme Court
Gulf of Mexico
Communications Breakdown Reaches Presidential Messages
Washington inquiry reveals advance copies of White House messages to Congress were discarded in a House wastebasket due to broken Democratic lines. Rayburn and party leaders reportedly received copies late, risking a rift between legislative and executive branches, prompting assurances that future messages will be delivered in advance to the Speaker.
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Washington
UPA
Rayburn
Eisenhower
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Brandh
White House
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House
McCormack
Massachusetts
Belgian Plane Crash Recovery Reaches New Total
Rescue crews recovered 10 more bodies from the Sabena airliner wreck in the Apennines. Eight victims remain trapped in the ice covered fuselage high in the mountains 60 miles northeast of Rome. The crash occurred on February 13 and prompted extensive search efforts.
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Jichalnea
Nou
House
Rayburn
Rieti
Italy
Apennines
Funeral held for ex ROK vice president Kim Sung See
Funeral services were held today for Kim Sung See, former vice president of the Republic of Korea, who died Friday. The ceremony in Seoul drew relatives and officials as the nation mourns the former leader.
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ROK Veep
Seoulp
Kim Sung See
Republic of Korea
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