Wednesday, March 20, 2024

Lyndon Johnson's Dallas, TX insider pals D.H. Byrd and James Ling bought 132,000 shares of LTV stock in November of 1963 - CONFIRMED!

 Recently someone found the 1964 Value Line Investment Survey and confirm that in November of 1963 (exact day not specified), two of Dallas, TX's most prominent citizens, close friends of Lyndon Johnson, D.H. Byrd (and his wife) James Ling bought through the Alpha Omega Corporation investment vehicle 132,000 shares of LTV stock at approximately $16 per share. By 1967, in the middle of the Vietnam War, LTV stock (it was a defense contractor that made airplanes) rose to as high a whopping $169 per share.

It is proven beyond a shadow of a doubt that D.H. Byrd (and his wife) and James Ling ("Dallas merger king") made a very large purchase of 132,000 shares of LTV (Ling-Temco-Vaught) either just before the JFK assassination or just after the JFK assassination. These stock buys into a defense contractor stock occurred at a time that Defense Secretary Robert McNamara said to brace for cuts in the defense industry and the business press was likewise writing bearish articles on the prospects for defense stocks as the year 1963 was coming to a close. Newsweek on October 7, 1963 published an article "What Can Industry Do As Pentagon Cuts Back?" By August 2, 1965 Newsweek published an article called "War's Widening Ripples" and wrote about "the shock waves from the escalated war in Vietnam were spreading through U.S. business last week."

Below are some select pages from 1963 and 1964 of the Value Line Investment Survey regarding LTV stock.

Below, on April 24, 1964, Value Line announced that a few weeks before the Johnson Administration had award LTV (owned by LBJ's pals D.H. Byrd and James Ling) a major contract to build the A-7A (VAL) light attack aircraft. Valueline estimated that this contract could add over a billion dollars in revenue to LTV. LTV in April of 1964 was trading at $17 per share. In November of 1963, either just before or just after the JFK assassination, D.H. Byrd, his wife and well known Dallas investor merger kingpin James Ling made a large 132,000 share buy into LTV stock.



The photo below is merely a snapshot of the bottom half of the April 24, 1964 Value Line that is presented above.


                                           


The photo just below is of the January, 24, 1964 Value Line newsletter which is list of stock buys and sells by executives and insiders in the aerospace industry. The page is titled "Changes in Officer - Directors Stockholdings." D.H. Byrd, his wife Mrs. Byrd and prominent Dallas investor James Ling bought a whopping 132,000 shares of LTV through an investment vehicle called the Alpha-Omega Corporation. It was not disclosed at what price these shares were bought but based on LTV's stock price in that month it was probably about $16 per share for a total new investment into LTV of $2,112,000 in November of 1963. By 1967 at some point those shares were trading for $169 per share and had a total value of $22,308,000 (which in 2024 dollars would be equal to $207,268,036).

The Johnson Administration made sure LTV got a lot of contracts during the Vietnam War and its stock price exploded upward from $16 per share in late 1963 to $169 per share sometime in 1967.




The photo below is from Value Line of March 13, 1964 and it's page number is 854. It shows total sales revenue numbers and earnings per share for LTV for the 4th quarter of 1963 versus the 4th quarter of 1962.




The page directly below is Value Line from May 29, 1964. It says that the latest Value Line report on LTV was on page 110 of the 2-24-64 Value Line newsletter. It mentions that the companies A-7A aircraft production will not begin before fall of 1965.




The photo below is from page 111 Value Line from October 25, 1963 and LTV stock was trading at $15 per share with an estimated yield of 3.3% for the next year. The publication said LTV was cheaply priced and poised to outperform in the year ahead and going forward. It said that LTV was created in 1961 from a merger of Chance-Vought and Ling-Temco and that is when wealthy Dallas businessman D.H. Byrd was brought into the company.




The photo below is from Value Line of January 17, 1964 and it is page 1356. Value Line noted that LTV was trading at $16 per share as of January 17, 1964. It says that Value Line's latest report on LTV was on 10/25/63 and on page 111. It mentions that LTV had just completed selling off all of its businesses that did not relate to electronics or aerospace.




The photo below is from Value Line of January 24, 1964. LTV stock was trading at $17 per share. Value Line ranked the stock in its highest quintile for Probable Market Performance. Then the article says, "LTV's president, James J. Ling, appears to agree with our appraisal. Through a holding company owned by himself and one of LTV's directors [D.H. Byrd], he purchased more than 132,000  shares of common stock on the open market during November."



D.H. Byrd could fly his airplane to LBJ’s ranch anytime he wanted to, even if President LBJ told him not to land - Darrell Royal story from his son Mack Royal

     Mack Royal is the son of legendary University of Texas football coach Darrell Royal (UT head coach 1957-1976; 2 national championships). Darrell Royal was personal friends with Lyndon Johnson, Clint Murchison, D.H. Byrd and a slew of other upper crust Texas power elite who were in the Lyndon Johnson inner circle. is son Mack Royal knew the children of the power elite of Texas. In fact he knew them and their families quite well.

    Mack Royal also used to work at the LBJ Library and he has a sharp interest in the JFK assassination. Mack Royal also told me he was there when the LBJ Library was taking steps to "slow Robert Caro down." They literally had meetings about this and that late Robert Hardesty was one of the ringleaders in this effort to subvert Caro and other researchers into LBJ: http://www.nytimes.com/2013/07/14/us/politics/robert-l-hardesty-speechwriter-for-johnson-dies-at-82.html?_r=0

    Coach Royal and his wife were at the LBJ one time when Johnson was president. They remember D.H. Byrd flying his plane to the LBJ Ranch; LBJ telling them not to land because he was busy and had company, and D.H. Byrd over-riding the president of the USA and landing his plane anyhow.

    I guess that one little anecdote tells you a lot about the relationship of Lyndon Johnson and D.H. Byrd.

    Here are some excerpts from Mack Royal's book, which is a fascinating collection of his emails to friends.

MACK ROYAL:

I knew D. Harold Byrd..flew on his DC3 (orange and white with a snorting "Bevo" on the tail) and heard this story about him during that time..   My parents were at the LBJ ranch with Lyndon when D. Harold Byrd radioed the ranch and said he was landing. Lyndon told him NOT to land and Byrd replied, "I'm landing." which he did.

Royal, Mack (2010-06-08). Fourteen Years on Fnord-L (Kindle Locations 8906-8911). Bozo Texino Press. Kindle Edition.

This link tells about D. Harold Byrd owning the Texas School Book Depository Building. I knew old D. Harold Byrd. I ate supper at his house and flew on his plane.   Later I met partners of Murchison. One of them became my "uncle" Bedford. Later I met the Murchisons. Coke-Anne Murchison is totally gorgeous, by the way.   These folks were thick with LBJ. These folks are my folks. I met LBJ too, and drove his car, swam in his pool, visited the White House and got a tour of the FBI. I have a nodding acquaintance with Admiral Inman.   So do you suppose I picked up a thing or two along the way? Duh.

[Royal, Mack (2010-06-08). Fourteen Years on Fnord-L (Kindle Locations 9120-9130). Bozo Texino Press. Kindle Edition.]

More about D. Harold Byrd. His cousins were Senator Harry Flood Byrd and Admiral Byrd of Antarctica fame. He started a company called Temco which later became part of Ling Temco Vaught, which got a juicy contract out of the Viet Nam war. (TFX fighter plane) He was a conservative Dallas oil man who helped start the Civil Air Patrol. He took the "sniper's window" out of his building (Texas School Book Depository) after the assassination and hung it in his house! One of the panes had been replaced. By the way, Mac Wallace's prints were all over that room called the sniper's nest on the sixth floor. Billy Sol Estes said some stuff about Mac Wallace if you wanna look it up.

[Royal, Mack (2010-06-08). Fourteen Years on Fnord-L (Kindle Locations 9153-9165). Bozo Texino Press. Kindle Edition]

D.H. Byrd, James Ling - heavy insider buying into LTV in November, 1963 either just before or just after the JFK assassination

http://jfkcountercoup.blogspot.com/2010/11/peter-dale-scott-dallas-copa-2010.html

 Go to footnote #49

 49. In early November 1963, Byrd and his investment partner, James Ling, made a significant insider purchase of stock in their defense industry investment, LTV. Although required by SEC rules to report this insider purchase, they delayed doing so until well after Kennedy’s assassination. Then in January LTV received the first major LBJ defense contract from the Pentagon – for a fighter plane designed for Vietnam. Cf. Joan Mellen, “The Kennedy Assassination and the Current Political Moment,” Part II, http://www.joanmellen.net/truth-2.html .

 DH Byrd was so close to LBJ they might as well have been Siamese twins. And he is Col. DH Byrd Air Force friends with Gen Curtis Lemay who called the Kennedys' "cockroaches" in his LBJ oral history. Air Force Gen. Edward Lansdale running the show at Dealey Plaza - joint CIA/military intelligence operation.

 The heavy insider buying was based on DEAD KENNEDY coming up soon with LBJ INSIDE WHITE HOUSE.

 And who did LBJ tell Madeleine who did it on the night of 12/31/63 at Austin’s Driskill Hotel? The fat cats in Dallas and “fucking renegade intelligence bastards” in the direct words of Lyndon Johnson.

 Anyone who tells you the JFK assassination is not solved stick this in their face.

 LBJ-DALLAS OIL/MILITARY CONTRACTORS/CIA/MILITARY INTELLIGENCE murdered JFK.

 I should note that DH Byrd employed LBJ's alleged personal hit man Malcolm Wallace and the DH Byrd owned the Texas School Book Depository. And that DH Byrd could land his plane on LBJ's ranch anytime he wanted to.

 Why was D.H. Byrd making huge insider buys into LTV stock around the time of the JFK assassination at a time Newsweek and Defense Secretary Robert McNamara were telling everyone that huge defense cuts were coming?

 Fletcher Prouty vs Edward Epstein (kennedysandking.com)

 Jim DiEugenio:

QUOTE

 Fletcher Prouty also wrote about the transformation that took place after Kennedy’s death. For instance, concerning the war in Indochina and how that fed the war machine. And conversely how that would not have happened if JFK had lived. Reader James Finn has clipped two valuable stories from the MSM that illustrate the point Fletcher was making, namely that Kennedy’s withdrawal plan was already impacting the war economy. And the second story shows how his death turned that deceleration around in a hurry. Predictably, it appears that Epstein was wrong about that and Colonel Prouty was correct. One more posthumous feather in Fletcher’s cap. And thanks to Mr. Finn.

   UNQUOTE

 1986 NYT describes D.H. Byrd as a “philanthropist” in its obituary of him –

D. Harold Byrd Is Dead; A Texas Philanthropist - The New York Times (nytimes.com)

 QUOTE

D. Harold Byrd, a philanthropist who made his fortune in Texas oilfields and helped finance the exploration of Antarctica, has died. He was 86 years old.

Mr. Byrd, who was also a co-founder of the Civil Air Patrol and a geologist, died Sunday at his home after a short illness.

The philanthropist, as a cousin and close friend of Adm. Richard E. Byrd, financed some of the Antarctic explorer's ventures in the 1920's and 1930's. An Antarctic range, the Harold Byrd Mountains, was named for him.

Mr. Byrd used his oil profits to build a financial empire that included recreational facilities, manufacturing, real estate, commercial and industrial ventures and farming and ranching enterprises.

 UNQUOTE

 “Merger King” James Ling kept a bust of Lyndon Johnson in his Dallas office. Both James Ling and D.H. Byrd were very close to Lyndon Johnson. They bought 132,000 shares of LTV stock in the time either just before or just after the JFK assassination in November, 1963

 https://www.nytimes.com/1981/07/12/business/conglamerateur-extraordinaire-james-j-ling-with-ltv-memory-he-s-taking-his-act.html

 [“Conglamerateur Extraordinaire: James J. Ling: With LTV a Memory, He’s taking his Act to the Oil Patch,” Leslie Wayne, NYT, July 12, 1981]

 QUOTE

 Nonetheless, he talks about the LTV episode as ''the front nine.'' His attention is now focused on ''the back nine.'' ''I didn't get a chance to finish it,'' he said, while seated in an office that featured a bust of Lyndon Johnson and newspaper clips about Mr. Ling on the walls in the outer hallway.

 UNQUOTE

 James Ling lived a lavish lifestyle in his in estate in Dallas’s Gaywood area

 [“Boldface Dallas: Today’s super rich dwarf the city’s gilded age by comparison,” Dallas Morning News, 1-12-2013]

 https://www.dallasnews.com/arts-entertainment/2013/01/12/boldface-dallas-todays-super-rich-dwarf-the-citys-80s-gilded-age-by-comparison/

 QUOTE

It wasn’t always this way. In early 1970s Dallas, opulence was at its most rarefied in the orbit of Troy Post and his pal and sometime partner, Jim Ling. Post was an insurance financier who owned 80 percent of Braniff Airways, all of National Car Rental and a jet-set resort in Acapulco, Tres Vidas en la Playa. Ling built one of the great conglomerates, Ling-Temco-Vought, known simply as LTV.

Post's massive Park Lane estate, his audacious business deals and his financial reverses were all the stuff of newspaper headlines. The lavishness of Ling's estate on Gaywood attracted so much media coverage that it became a target for the infamous jewel thief known as the King of Diamonds, who raided Dallas' oligarchs for a decade and never got caught. In January 1963, when the king entered a second-story balcony window and boosted the family gems while Ling and his wife watched TV downstairs, the heist made the front page of The Dallas Morning News. By 1970, financial reversals forced the Lings out of the house, and H.L. Hunt's sports-minded son, Lamar Hunt, moved in.

The delicious Post/Ling-style ostentation seemed colossal, but even when adjusted for inflation, the money in play does not measure up to the present scale of affluence.

UNQUOTE

 1986 NYT obituary on D.H. Byrd described him as a “Texas Philanthropist” with no mention of his close friendship with LBJ or that he owned the Texas School Book Depository at the time of the JFK assassination or that he and James Ling bought 132,000 shares of LTV stock either just before of just after the JFK assassination in November, 1963 (at a time when Defense Secretary Robert McNamara and the business press were talking about cuts in defense spending)

 https://www.nytimes.com/1986/09/16/obituaries/d-harold-byrd-is-dead-a-texas-philanthropist.html

 QUOTE

D. Harold Byrd, a philanthropist who made his fortune in Texas oilfields and helped finance the exploration of Antarctica, has died. He was 86 years old.

Mr. Byrd, who was also a co-founder of the Civil Air Patrol and a geologist, died Sunday at his home after a short illness.

The philanthropist, as a cousin and close friend of Adm. Richard E. Byrd, financed some of the Antarctic explorer's ventures in the 1920's and 1930's. An Antarctic range, the Harold Byrd Mountains, was named for him.

Mr. Byrd used his oil profits to build a financial empire that included recreational facilities, manufacturing, real estate, commercial and industrial ventures and farming and ranching enterprises.

He and a small group of civilians founded the Civil Air Patrol in 1941 in Washington.

He also was co-founder and director of Dallas-area aircraft companies, including the Temco Aircraft Corporation. In 1957, he organized and became board chairman of the Space Corporation, which manufactured propulsion and ground test equipment for jet engines and aerospace ground support equipment.

Survivers include his wife, Mavis, and two sons.

 UNQUOTE

 D.H. Byrd was a national security insider bigtime and close personal friend of General Doolittle. Doolitte said in Byrd’s obituary in the Dallas Times Herald that “we were substantial friends from the early days of aviation.”

 Doolittle Report, 1954 - Wikipedia

 https://en.wikipedia.org/wiki/Doolittle_Report,_1954

 Very important Education Forum thread on D.H. Byrd:

 David Harold Byrd - JFK Assassination Debate - The Education Forum (ipbhost.com)

 Jim Garrison fingers “Military-Industrial Complex” and it’s “Aerospace Wing” that were behind the JFK assassination.

http://mcadams.posc.mu.edu/jimloon1.htm

Jim Garrison to Ramparts’ Warren Hinckle on November 5, 1968,

The caller was in no mood to inquire about the weather. "This is urgent," Jim Garrison said. "Can you take this in your mailroom? They'd never think to tap the mailroom extension."

. . . Garrison began talking when I picked up the mailroom extension: "This is risky, but I have little choice. It is imperative that I get this information to you now. Important new evidence has surfaced. Those Texas oilmen do not appear to be involved in President Kennedy's murder in the way we first thought. It was the Military-Industrial Complex that put up the money for the assassination -- but as far as we can tell, the conspiracy was limited to the aerospace wing. I've got the names of three companies and their employees who were involved in setting up the President's murder. Do you have a pencil?"

I wrote down the names of the three defense contractors -- Garrison identified them as Lockheed, Boeing, and General Dynamics -- and the names of those executives in their employ whom the District Attorney said had been instrumental in the murder of Jack Kennedy. I also logged a good deal of information about a mysterious minister who was supposed to have crossed the border into Mexico with Lee Harvey Oswald shortly before the assassination; the man wasn't a minister at all, Garrison said, but an executive with a major defense supplier, in clerical disguise. I knew little about ministers crossing the Rio Grande with Oswald -- but after several years of fielding the dizzying details of the Kennedy assassination, I had learned to leave closed Pandora's boxes lie; I didn't ask.

I said that I had everything down, and Garrison said a hurried goodbye: "It's poor security procedure to use the phone, but the situation warrants the risk. Get this information to Bill Turner. He'll know what to do about the minister. I wanted you to have this, in case something happens . . . ." (Hinckle, If You Have a Lemon, Make Lemonade, 198-9)

Peter Dale Scott (age 95) on 2/4/2024 told Robert Morrow that he found out the information of the Byrd/Ling stock buys from Value Line Magazine, sometime in the 1964 year

 According to his calculations Bird and Ling invested $2,500,000 and bought 132,000 shares of LTV. That comes out to $18.94 per share. (In reality after looking up Value Line 1963/1964, I estimate that the 132,000 shares were purchased on the open market around $16 per share.)

 It is a fact that by mid 1967 shares of LTV traded as high as $169/share (as reported by the NYT). At that stock peak, the Bird/Ling investment would be worth $22,308,000 in 1967.

 https://www.usinflationcalculator.com/ 

 $22,308,000 in 1967 would be like $207,268,036 in 2024 dollars.

 Peter Dale Scott explicitly told me that he thought then (and probably now) that D.H. Byrd and James Ling had foreknowledge of the JFK assassination.

 I agree and will go further - I think that DH Byrd and LBJ were both involved up to their eyeballs in the JFK assassination.

Robert Morrow  3/20/2024 Email to the LBJ Foundation and LBJ Library leaders

Mark Updegrove and Mark Atwood Lawrence,

    I have a blog post on Lyndon Johnson's very close friend D.H. Byrd that might interest you: Lyndon Johnson's Dallas, TX insider pals D.H. Byrd and James Ling bought 132,000 shares of LTV stock in November of 1963 - CONFIRMED!


     In 1971 scholar Peter Dale Scott wrote an unpublished manuscript entitled The Dallas Conspiracy. In this manuscript it mentioned the D.H. Byrd and James Ling bought 132,000 shares of their defense contractor stock LTV.

      Recently, I paid a researcher to go to the Library of Congress to look up the 1963 and 1964 Value Line Investment Survey which is where 95 year old Peter Dale Scott says he found this information. Scott is alive today.

    What Value Line from 1963 and 1964 confirmed was YES - in fact D.H. Byrd, his wife Mattie Curuth Byrd and Dallas "merger king" investor James Ling bought, using the Alpha-Omega Corporation as the investment vehicle, 132,000 shares of LTV stock at about $16 per share because that is what LTV was trading at in November, 1963.

      Because the actual day of this massive stock buy was not listed, we are unable to know whether these stock buys occurred just before or just after the JFK assassination but we know for a FACT that these massive stock buys occurred in November,1963, in a time period very close to the JFK assassination. 

        And we know for a FACT that after years of feasting on the Vietnam War, defense contractor LTV traded as high as $169 per share sometime in 1967. In early 1964, the Johnson Administration awarded LTV a contract to build the A-7A fighter jet.

      Some more facts about D.H. Byrd:

1) Both Byrd and James Ling were close friends of Lyndon Johnson. Byrd and Ling both had large opulent homes in the Dallas area. James Ling kept a bust or a statue of LBJ in his offices (NYT source for that).

2) Lyndon Johnson hated the guts of the Kennedys and the Kennedys hated the guts of LBJ. This has been extremely well documented.

3) D.H. Byrd owned the Texas School Book Depository building at the time of the JFK assassination. Byrd had bought this building in the 1930s.

4) D.H. Byrd, in fact, took out the so-called sniper's window at the TSBD and kept it at his opulent 16,000 sq. foot home located at 6909 Vassar Ave., Dallas, TX in the Highland Park area. D.H. Byrd was a big game hunter and he kept the heads of other big game animals that he had killed there too.

5). D.H. Byrd in the late 1950s and early 1960s was the top donor to the athletic program at the University of Texas and he painted the UT mascot Bevo on the tail wing of his airplane. Byrd, like LBJ, was personal friends with Texas football Coach Darrell Royal and his wife Edith Royal (alive today at age 97).

6) D.H. Byrd could land his airplane at the LBJ Ranch pretty much anytime he wanted to because he was such good friends with LBJ.

7) D.H. Byrd founded the Civil Air Patrol which teenage Lee Harvey Oswald was a member of in the early mid 1950s.

8) D.H. Byrd wrote a book called I am an Endangered Species: Autobiography of a Free Enterpriser, published in 1978, in which he brags about his friendship with LBJ but he DOES NOT MENTION "JFK assassination" or the "Texas School Book Depository" which he owned or the name "Lee Harvey Oswald." I'm an Endangered Species: Autobiography of a Free Enterpriser 



9) Byrd had a lot of high level friends in the United States Air Force, which in the early 1960s was quite a hot bed of war hawks and hard core rightwingers. For example, Gen. Curtis LeMay was a friend of D.H. Byrd. Remember, Byrd, in addition to being an oilman was a military contractor and he founded the Civil Air Patrol to get young teens interested in flying air planes.

10) The 132,000 shares of LTV stock that Mr. and Mrs. Byrd and Dallas investor James Ling bought in November of 1963 at about $16 per share were worth $22,308,000 when the stock reached its peak at $169 per share in 1969 (source NYT). In 2024 dollars these shares would be worth $207,268,036, a vast sum of money and a spectacular investment success in 4 years.

Sincerely,

Robert Morrow

The World's Foremost Authority on the JFK Assassination

The World's Leading Public Intellectual

Distinguished Fellow at and President of the Lyndon Baines Johnson Institute for the Study of Presidential Crime































1 comment:

  1. Prouty finally admitted in about 1996 that he and his friends killed JFK and that his "Qui Bono" research was a crock of crap. He said that he was always lying about every aspect of his JFK research. And the only Aerospace company to payoff JFK's plotmasters was Rockwell Intl which paid Wickliffe Draper $100,000,000 on 3/22/1967 during their takeover of the Draper Company recorded in the NY Times. This confirms Draper who was really Big Daddy Warbucks as the plotmaster.

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