Business & Finance: Baldwin Directorate

One bearish day last week when securities on the stock market were being heavily sold, Baldwin Locomotive stock worked its way higher, closing with a net gain for the session of over nine points. This reflected marketwise the fact that the Fisher brothers of Detroit, onetime owners of Fisher Body Corp. lately incorporated into General Motors Corp., had waged successful battle for representation on the board of directors of Baldwin Locomotive Works, of whose common stock they own 120,000 shares, a controlling interest. Samuel Vauclain, President, opposed to the Fisher brothers, was prevailed upon to allow them two places on...

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