CORPORATIONS: Help from a Mouse

The slump in farm-equipment sales has brought J. I. Case Co. some elephant-sized troubles. In its last nine-month fiscal period alone it lost a mountainous $4,403,000. As a way out of its troubles, the elephant last week enlisted the help of a mighty mouse: Case made a deal (subject to approval of stockholders) to merge with the American Tractor Corp., which grossed only $5,000,000 last year v. Case's elephantine $95 million, and lists the book value of its stock at a mere $2 a share v. $37 for Case. Yet Case agreed to...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!