SEWELL AVERY is getting some strong support in his bitter proxy war against Financier Louis Wolfson, who wants to take over Montgomery Ward. Two big institutional investors (Affiliated Fund, Inc. and American Business Shares, Inc.) announced that they will vote their total 105,000 Ward shares in favor of Avery. Midwest investment brokers, whose advice has a big bearing on how small stockholders vote, are also beginning to lean toward Avery.
WORLD TRADE will get a healthy boost from the U.S. Federal Reserve System. After a four-year lapse, Federal Reserve is again buying "bankers'...
To continue reading:
or
Log-In
