Tucker Collects

Despite SEC's chilling comments on Preston Tucker's operations and on his proposed rear-engined Tucker automobile (TIME, July 7), the Tucker Corp. stock last week apparently received a warm reception. At the end of the second day's sale, Chicago's Floyd D. Cerf Co., Inc., brokers handling the issue, reported that half of the four million $5 shares had been sold, mostly in lots of 40 to 10,000 shares. Although Michigan and California had banned the sale, Cerf said that this had hurt him little. Biggest buyer: South African George Lockner, president of Cape Town's Consolidated Press, ordered 100,000 shares. The Cerf Co., which according to SEC stands to gross about $2,800,000 on the sale, said it was "very pleased."

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