IN THE NEWS: The White Sox send pitchers Marv Grissom, Bill Kennedy and Hal Brown to the Red Sox for 33-year-old infielder Vern Stephens. A perennial All-Star in the 1940s, Stephens' best years are behind him.
IN THE NEWS: August A. Busch buys the Cardinals from Fred Saigh for $3.75 million and pledges not to move the team from St. Louis.
The U.S. Court of Appeals rules that organized baseball is a sport and not a business, affirming the 25-year-old Supreme Court ruling. This effectively dismisses the antitrust suits of Jack Corbett and former Dodger farm hand Walter Kowalski. The $300,000 suit of Corbett, the owner of the Texas League El Paso club, is based on his belief that he lost money when ML baseball prohibited him from signing several players suspended for participation in the Mexican League. Kowalski's $150,000 suit is based on the general principles of the antitrust and restraint-of-trade laws. Their lawyer in these cases is Frederic Johnson, who also represents Danny Gardella in his suit against ML baseball.
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