Time Clock, Apr. 20, 1959

DU PONT-G.M. DIVORCE may be more favorable to stockholders than at first seemed likely. As hearings ended, Federal Judge Walter La Buy emphasized that "innocent victims" must not suffer from Government's demand that Du Pont sell its G.M. stock, imposing heavy taxes on stockholders. Lawyers feel he is tending toward Du Pont's proposal to keep stock, give up voting rights in G.M. management.

SHOE PRICE RISE will hit stores this fall. Major shoe firms increased fall-line prices 3%-10%, blaming costlier leather, other cost increases.

CUNARD'S QUEENS will be replaced. The line is seeking British government subsidies to retire 23-year-old Queen Mary, 19-year-old...

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