AT&T to split stock after dividend boost and large financing
American Telephone and Telegraph announced an 11 percent dividend rise to $1.40 quarterly and a 2 for 1 stock split to be put to 2.2 million holders at next year’s April meeting. The plan would raise about $1 billion for a $3.25 billion 1964 construction program as Wall Street saw a prompt stock gain.
MENTIONED IN THIS ARTICLE
New York
American Teléphone & Telegraph Co
At&t
Nationwide
Bell Telephone System
Wall Street
Two Brokerage Firms Dropped From Exchange
New York and American Stock Exchanges suspended Ira Haupt & Co. and V.R. Williston and Beane Inc. citing dangerous financial conditions tied to cottonseed oil futures trading. Allied Crude Vegetable Oil and Refining Co. bankruptcy filings and margin strain pressured markets as the Produce Exchange halted cottonseed futures trading indefinitely.
MENTIONED IN THIS ARTICLE
NEW York
Ira Haupt & Co
V.r. Williston and Beane Inc
New York Stock Exchange
Exchange
The
Stock Exchange
New Jersey
Allied Crude Vegetable and Refining Co
Bayonne
U.S. District Court
Newark
New York Produce Exchange
Produce Exchange
Allied Crude Vegetable Oil and Refining Co
Produce Exchange Statement
Allied Crude Vegetable
AMA Sued for 400000 Over Libel Record Misrepresentation
NEW YORK AFL CIO charges the American Medical Association with distributing a fraudulent audio record portraying Steelworkers official Paul Normile as threatening union members to raise political funds. Normile sues in federal court for 100000 for privacy and libel. AMA president calls the charges false as Normile denies making the speech depicted.
MENTIONED IN THIS ARTICLE
New York
AFL Clo
American Medical Association
Normile
Washington
Edward R. Annis
AMA
George Meany
American Medical Political Action Committee
AMPAC
Meany
David J. McDonald
United Steelworkers Union
Committee On Political Education
AFL: Cio
Congress
Gilpatric Rebuked Army Ex-Secretary On TFX Contract
Senate probers showed that Frank Pace, ex Secretary of the Army and General Dynamics executive, warned of TFX success in advance. Deputy Defense Secretary Gilpatric, Pace's close associate, testified he had no idea where Pace obtained such information. The panel questioned whether favoritism steered the $5 to $7.5 billion deal to General Dynamics.
MENTIONED IN THIS ARTICLE
Washington
Senate
General Dynamics Corp
Frank Pace
Pace
Army
Roswell L. Gilpatric
Senate Investigations
Gilpatric
General Dynamics
TFX
Barter
John L. McLlelan
Dark
Page
Fort’ Worth
Tex
Fort Worth
Air Force
Navy
McClellan
Pentagon
Hoffa Lawyer Is Barred From Federal Courts In Hoffa Case
Nashville attorney Z T Osborn Jr accused of offering 10000 to a juror to sway Hoffa trial. Federal judges barred him from practice in all federal courts citing alleged bribery plans. Hoffa’s team faces trial January 6 on jury tampering charges in Nashville.
MENTIONED IN THIS ARTICLE
Z. T. Osborn Jr
Teamsters Union
James R. Hoffa
Hoffa
Osborn
Nashville, Tenn
William E. Miller
Frank Gray Jr
Z.T. Osborn Jr
Nashville
Navy Loses Space Control as Air Force Takes Over Bases
Defense Secretary McNamara rearranges space program duties assigning the Air Force full control over the Pacific missile and satellite complex at Point Arguello and central supervision of Cape Canaveral and Vandenberg. Navy notes it was doing a fine job while the move aims to reduce overlapping responsibilities over an 18 month period.
MENTIONED IN THIS ARTICLE
Washington
UPI
Defense
Robert 5
McNamara
Air Force
Navy
Pentagon
Point Arguello
California
Cape Canaveral
Vandenberg Air Force Base
Sunnyvale
Calif
Albert C. Hall
Defense Research and Engineering For
Space
Vandenberg
Atlantic
Middle East
Asia
Africa
Sahara
U.S. Strike Command
MacNamara
Tennessee reapportionment case referenced by lawyers
Fragmentary note recalls Osborn among lawyers in a Tennessee reapportionment case. The U S Supreme Court held federal courts may compel state legislatures to reapportion.
Labor Asks Probe of News Mergers
The AFL CIO urged a Justice Department probe of newspaper mergers and suspensions. It sought Congress to require 90 days notice before any merger or acquisition and sought enforcement under antitrust laws. Arthur Rosenstock noted Hearst Scripps-Howard and Newhouse control over half of U.S. circulation.
MENTIONED IN THIS ARTICLE
New York
Aflcio
Justice Department
Congress
Department of Justice
Arthur Rosenstock
American Newspaper Guild
U.S
Hearst
Scripps-Howard
Newhouse
Hummingbird Jet Demonstrates Vertical Takeoff to Flight
At Fort Benning Georgia the Lockheed-Georgia Hummingbird jet, built under a 2.5 million Army contract, performed a full takeoff to landing. The 32 foot craft can hover like a helicopter, move sideways and lacks propellers. It rises to 10,000 feet in about 50 seconds powered by two turbojet engines.
MENTIONED IN THIS ARTICLE
FT. Benning, Ga
Lockheed-Georgia
Also Mentioned on This Page
McDonald
Steelworkers District 18
Hn 8
Stival
Union Federal Savings
Tray
We. Rogers
International Silver Company
Defense Department
Boeing Co
Seattle
Boyle-Midway
Pittsfeeld Supply CO
North St
Tel
John Laplante
Record Dept
Mer
Dave Huxtable
Webcor
Zenith
Wood Bros
Labor
Jet ‘Hummingbird
Copter
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