Since last autumn, the stock-market price of John D. Ryan's* Montana Power Co. shares have gone up and down queerly. Since January 1 their quotations have ranged between $102.25 and $169.50. Last week, trading in the stock became steady at $165.50 a share; and pat upon that situation, Mr. Ryan who theretofore had always smiled mockingly at offers to buy the company, let it be known that he and other directors had agreed to sell out to the American Power & Light Co., for the equivalent of $166 a share. That is, they were...
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