Business & Finance: Receiverships

MOP. In 1929 Missouri Pacific R. R. stock was eyed curiously because of a long, unspectacular but steady rise in price. Not until long after the stock-market crash did the public learn the reason why: Cleveland's Van Sweringen Brothers had been quietly buying control. The Brothers Van Sweringen put $86,000,000 into MOP securities, paid better than $80 a share for the common stock majority. Last week MOP stock sold at $1.25. Borne down with a weary load of debt and dwindling earnings, MOP subsided into bankruptcy.

It was the first railroad to seek salvation...

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