RATE CUTS for fire insurance are in the offing. Allstate Insurance Co., subsidiary of Sears, Roebuck, has started writing fire policies at about 20% below rates of other stock companies, will probably force them to cut to meet the competition.
CYRUS EATON, wily old (70) boss of Cleveland's Otis & Co. and the Chesapeake & Ohio Railway, was helped up, then knocked down, by the U.S. Government. Otis was cleared by the Securities & Exchange Commission of six-year-old charges that it welshed on a $10 million deal to help float stock for Kaiser-Frazer Corp....
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