Briskly progresses the stock-for-employes movement among U. S. corporations. Among last week's recruits were:
Union Carbide & Carbon Corp., offered managing executives and trustees 38,189 shares at $55 and 44,635 shares at $50. The employe contributes 10% of his "compensation" and the company a sum equal to 20% of employe's "compensation," or 30% if the employe has been five years with Union Carbide & Carbon. The company's stock closed last week at 89¾.
American Brake Shoe & Foundry Co., formed Absco Corp. to distribute 40,000 shares among executives and other employes. Shares were to...
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