The Chicago Journal of Commerce (circ. 35,000) had never been healthier. Its staff had never been jumpier. For weeks, in its grubby home on the near North Side, washroom rumors had bubbled up about the paper's impending sale or suspension. Finally Colonel John D. Ames, editor and publisher, called his 200 employees together and told them what was up. Not death but a marriage was in the offing. Last week, the Ridder Bros.' New York Journal of Commerce, oldest (120 years) business paper in the
U.S., bought its Midwest namesake for $1,250,000.
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