RAILROADS: Wheel-Deal in the Central

Robert R. Young pulled a master stroke in his fight to control the New York Central. Last week two oil-rich Texans, both close friends of Young, put up $20 million in cash and bought 800,000 shares of Central stock, biggest single block outstanding, from Cyrus S. Eaton's Chesapeake & Ohio Railway (at a profit of $2,400,000 to the C. & O.). The friendly buyers were Clinton W. Murchison, 58, of Dallas, whom Texans proudly describe as "really a wheeler-dealer," and Sid W. Richardson, 62, of Fort Worth, often called the richest man in oil reserves in...

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