November 7, 1955

H Schwartz notes 'hooliganism' problem

comment on coming election

US officials see US policy changes; dispute assumptions that Baghdad pact and Arab orientation to West would keep out USSR; see change of emphasis from mil to econ aid possible; Dulles and Pres Tito discuss situation, stressing Tito's-planned trip to Egypt; illus

White, at hosp, begins confs with Pres drs on Pres return to duty; Pres walks stairs; Sec Folsom arrives for conf; Pres, wife hear Master Singers, headed by Sheedy, 1 of Pres drs

Ford Foundation to offer 6,952,293 shares of common stock to pub for 1st time in Jan as Ford family decides to yield majority control over co; deal is biggest stock offering in financial history; reverses 52-yr policy estab by late H Ford Sr; initial sale seen bringing $400-500 million; 60% of voting will go to new holders of stock, 40% to family; effective control seen remaining with family; capitalization planned; total number of shares will rise from 3,495,040 to 53,461,470 by stock split; details; when stock is issued, co will have to make full disclosure of its financial affairs; deal seen resulting from desire of Ford Foundation trustees to diversify investments; C E Wilson and S J Weinberg reptd principally responsible for sale; NYSE pres Funston hails move as landmark in history of pub ownership; no change seen in co's basic policies; 500 brokerage houses seen handling sale