INVESTMENT: A Lot of Fertilizer

Of all the big deals between U.S. businessmen, few have proved more complex or mysterious than the $20 million New York Central stock deal that Texas Millionaires Clint Murchison and Sid Richardson made with Robert R. Young last year. With the help of a $7,500,000 loan from Young's Alleghany Corp., the two Texas wheeler-dealers bought 800,000 shares of Central stock, then voted them to help Young win his proxy fight to take over the railroad (TIME, June 21, 1954). Last week, in a New York Supreme Court hearing brought by disgruntled Alleghany .stockholders on a charge that the company's...