Penn Central Files for Reorganization Amid 62 Million First Quarter Loss
Penn Central Transportation Co, a 28 month old giant with 100000 commuters, filed for reorganization under bankruptcy laws after posting a 62.7 million loss in the first quarter. The company seeks to halt immediate interest payments to bondholders while it restructures, after being rebuffed by Nixon officials on a 200 million government loan. Stock tumbled from 863 to 4.50, markets wary of wider corporate distress as the system operates 20530 miles of track across 16 states and two Canadian provinces and carries 35 percent of US rail passengers. Also notes peace proposals in the Middle East, border air raids near Damascus, and Nixon’s 18-year-old voting age bill with court test. A South Vietnamese court martial case sentenced a former American to life with dishonorable discharge for killing 12 civilians.
MENTIONED IN THIS ARTICLE
Richard C
Oross United Preeti
Eles
Aeto Railroad
Penn Central Transportation Co
Yas Cco
Mt of Ailway
Leve Corporation Req
Penn Central
Penn Celral
2 Tailroad
States
Canadian
United States
Washington
Middle East
Damascus
Israel
Suez Canal
Nixon
Ba Nang South Vienam
New York Abortion Law Takes Effect Next Wednesday
New York City will allow abortions for seven emancipated unmarried teens and unmarried women up to six months, with parental consent not required for emancipated or married minors. Blue Cross begins maternity benefits for single women and dependents, with costs expected up to 180 dollars for Blue Cross and 100 dollars for Blue Shield.
MENTIONED IN THIS ARTICLE
New York
UPI
New York City
Blue Cross
Greater New York
Blue Shield
U Ip
Albany
City Hospital Corporation
Fils
Ute
Izaak Walton League Grants Fifth Year Scholarship Plan
Columbus Chapter of the Izaak Walton League of America confirms continued scholarships for the 1970 71 academic year in cooperation with the Nebraska Division and University of Nebraska Foundation. Recipients must be enrolled in the College of Agriculture pursuing natural resources with fish and wildlife focus and show leadership and academic promise.
MENTIONED IN THIS ARTICLE
Columbus
Izaak Walton League of America S
Nebraska
Izaak Walton League of America
University of Nebraska Foundation
J. Prineigal
College of Agriculture
University of Nebraska
Koerbers Visit Genoa After Hospital Release
Mr and Mrs Rod Koerber of Omaha visited Keith Koerber after his release from University Hospital. They stayed with Roger Nelson at Genoa and were overnight guests in Keith Koerber's home.
MENTIONED IN THIS ARTICLE
ST. Edward
Rod Koerber
Omaha
Keith Koerber
University Hospital Bottering
Roger Nelson
Genoa
Railroad official Whitman resigns to lead MKT Railroad
Washington (UPI) Transportation Secretary dela Volpe announced Reginald N. Whitman will resign as head of the federal railroad administration to become president of the Missouri Kansas Texas Railroad effective July 10. Volpe said it was not wise for the railroad administrator to move directly to a railroad presidency but noted Whitman will likely accept the role.
MENTIONED IN THIS ARTICLE
Washington
UPI
Transportation
Dela Volpe
Reginald N. Whitman
Federal Railroad Administration
Whitman
Missouri- Kansas-Texas Railroad
Volpe
Allroad
Funeral Rites for Creston Auto Accident Victim
Funeral services were held at the Presbyterian Church for Violet Boublin 47 the second victim of a Creston area auto crash. She died at Norfolk hospital and is buried Crown Hill Madison. Survivors include three aunts and a brother. Her husband Robert Boublin died in 1963 and her mother perished in the same accident.
MENTIONED IN THIS ARTICLE
Creston
Presbyterian Church
Robert
Violet) Goubin
Norfolk Hispitel
George Wavra
Crown Hill
Madison
Horn
Primrose
Andrew Boubin
Creaton High Seagal
Columbus Beauty School
Robert Boublin
Here
Presbyteriant Church
Boubl
Memorial Committers
Ethel Dodge
Omalet
Lichida Wllen Rahty
Charles
Viola) Weinberger
Spalding
Boubin
Lifesaving classes conclude in David City pool
Red Cross senior and junior lifesaving courses finished at the David City swimming pools. Senior McVay earned the senior lifesaving certificate. Wayne Baer and others led juniors. Cross-approved lessons start June 29 with a described schedule for various age groups and sessions through August 21.
MENTIONED IN THIS ARTICLE
David City
Red Cross
McVay
Wayne Baer
Barb Davis
Jon Hain
Mary Woman
Marc Marin
Peggy Mohler
Miles Norten
Delwin Novell
Tom Rudolph
Becky Schmid
Don Zinnecker
Connie Grubaugh
Annail
Fullerton donors give 74 pints of blood
The Red Cross Bloodmobile visited Fullerton on Thursday, collecting 74 pints, 11 short of the 85 pint quota. Donors included Hen Koziol as a new gallon donor and Sara Morgan, Joan Reith, and Mrs Ronald Lassek among the first-line contributors, with Mrs. Everette Black and Keith Keller co chairing the program.
MENTIONED IN THIS ARTICLE
Fullerton
Red Cross
Hen Koziol
Tourgallon
Sara Morgan
Ronald Lassek
Joan Reith
Mmes
Everette Black
Keith Keller
Fragmented local humor column with stray misprints
A chaotic collage of jokes and clippings from various small papers recounts stolen lines, quirky mispronunciations, and idle glee. It mentions Osceola and Nance County editors and a pledge to crack down on bullying while noting family pranks and TV references.
Vigil at Sheep Mountain Enters Second Day
About 1,509 people joined a vigil near Sheep Mountain as the Oglala Sioux Land Committee protests federal control of 250,000 acres in the Badlands. An elder prayers and songs vigil, including a Sun dance, is planned for today at 6 p.m. The group seeks return of the land, bought as a WWII bombing range, and has written to President Nixon and the Interior Department seeking a response.
MENTIONED IN THIS ARTICLE
Pine Ridge
8. D
Upl
Sheep Mountain
Here
James Trindle
Oglala Sioux Land Committee
Little Big Horn
Oglala Sions Land Committee
Nixon
Interior Department
Jet stream speeds tied to mid altitude winds
The jet stream is described as a westerly air current concentrated in a narrow band with speeds exceeding 200 miles per hour. It occurs at altitudes between 20,000 and 40,000 feet, influencing mid altitude weather patterns.
MENTIONED IN THIS ARTICLE
Dy United Press International
Devlin arrest sparks Irish rioting across four centers
Bernadette Devlin, Britain's youngest MP and civil rights leader, was jailed for six months after late Friday arrest near Londonderry. Catholic crowds clashed with soldiers and police in Londonderry Bogside, Armagh, Belfast, and Coleraine, injuring numerous troops and civilians.
MENTIONED IN THIS ARTICLE
Donal O’higgins
Londonderry
Northern Ireland
UPI
Bernadette Devlin
Britain
Vnci
Armagh
Belfast
Nur Afoem
Area students among Kearney registrants
Area students were among 150 freshmen and their parents at the summer orientation and pre registration session for Kearney Style College this week. Deb orah Gondringer from Columbus, Wire Ingel from Clark, and Darla L Heureux from Polk attended. The program, in its fourth year, spans two campus days with meetings, housing, meals, and class registration help from four faculty members.
MENTIONED IN THIS ARTICLE
Rnrearea
Kearney Style
Deborah Gondringer
Paul Gondringer
Columbus
Wire Ingel
Srlty Engel
Clarks
Darla L'Heureux
Harold Carlson
Polk
Desegregation suits planned in the South
The Justice Department will stop discussing rulings and begin enforcing desegregation in southern districts next week. Fewer than 200 of about 2,700 districts are noncompliant, with Mississippi facing multiple actions over private academies set to dodge the ruling.
MENTIONED IN THIS ARTICLE
Justice Department
Atorney
Jayris Leonard
Mississippi
Alton
Sippi
Nanghe
Leonard
Spakesnah
Wriday
Albion group meeting in Hararony Home gathering
Twenty five members met for monthly Ret with Devotions by Mrs. Witt Brown onLagaline. A reading was given, songs honored Mrs. Marian Moore and the Republic anthem echoed. Mrs. Pearl Smith read The Good Old Day. Als Pearl Smith provided Friend.
MENTIONED IN THIS ARTICLE
Albion
Hararony
Gay” Kuntzelman
Daily Living
Maude Reynoldson
Elmer Carnahan
Louise Snyder
Lillian Livingston
Myrtle Guillian
Birth of Alcson son to Lorello couple
Mr and Mrs Donald Brugger of Lorello welcomed a baby boy weighing eight pounds and 12 ounces born at the Bane County Cowmunity Toxsital.
MENTIONED IN THIS ARTICLE
Donald Brugger
Lorello
Bane County
Cowmunity
Toxsital
Also Mentioned on This Page
the Week In Review
N. Y
Ikes
Connie Fendrick
Connie
Columbus Beauty College
Lee
Shirley
Debbie
AMOS
Tama Tpm
Shirley Spence
ME Sce
Dee Fhamas
Debbie Kresha
Beauty
33Rd Avenue
Dick. Howe al Rommers
Qsccoly
Faler
Whistler
Fort Worth
Eldena
Lindblade
Oscenta
Finday
Nance County Journal
Clarence Hebda
Walla
Raquel Welsh
Jack Lough
Tremlon
West Kearney
Linon
13Th Street
Woodrick & Allen
Flarsheim
Dexter
Hush Puppies
Rageris
Personality
Pussy Foots
Woodrick & Allan's
Royal Ulster Constabulary
Devlin
Shveater
House of Lords
Kearney
South
Supreme Court
Albion Group
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