Time Clock, Dec. 7, 1959

STUDEBAKER-PACKARD merger with Oliver Corp. will bring S-P into the farm-equipment business. S-P proposes to buy Oliver for $83 million, giving Oliver stockholders 7/10 of a share of Studebaker-Packard for every share of Oliver, plus $15 per share in cash.

NUCLEAR POWER PLANTS that can produce electricity competitively priced with that produced by high-cost coal plants are "just about here," says Gwilym Price, board chairman of Westinghouse.

U.S. CORPORATE ASSETS are nudging the trillion-dollar mark. The Internal Revenue Service reports that total corporation holdings are $996.5 billion.

ALLEGHANY FIGHT is heading for showdown after...

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