Penn Central to Merge with Kayser-Roth Apparel Group
Philadelphia AP reports Penn Central Co plans a broad base after removing transportation from its name. It to acquire Kayser-Roth Corp in a $230 million merger, exchanging Kayser-Roth stock for two Penn Central preferred shares per 5.2 Kayser-Roth common shares. Saunders and Roth announce joint boards’ approvals and stockholder meetings set.
MENTIONED IN THIS ARTICLE
Philadelphia
Stuart T. Saunders
Penn Central Co
Kayser Roth Corp
Peony Central
Saunders
Chester H. Roth
Kayser Roth
Kayser-Roth
Pennsylvania Co
Penn Central
Penn Central Plans divestiture of Norfolk & Western holdings
Penn Central chairman David Bevan says the company will divest its Norfolk and Western stake as directed by the ICC. The acquisition involves about 225 to 230 million dollars at current stock values, according to a Penn Central spokesman. Kayser-Roth reported 1967 net sales of 337.4 million and earnings of 12.5 million, with 119 plants producing brands like Kayser, Supp Hose, Schiaparelli Hosiery, Catalina, and Cole of California Swim and Sportswear.
MENTIONED IN THIS ARTICLE
Norfolk & Western
ICC
David
Bevan
Penn Central
Kayser-Roth
Kayser
Supp- Hose
Schiaparelli Hosiery
Catalina and
Cole
California
Unrecorded Loan Repaid With S10 Interest
Pontiac Michigan AP reports an unscheduled loan was repaid at Pontiac State Bank with interest. Bank president Edward Barker Jr said $110 was received with a letter explaining a teller had overpaid by $10 last year. Elman dies. jazz trumpeter Harry Zigey Elman, 54, known for And the Angels Sing, dies after a long illness in Los Angeles. He worked with Johnny Mercer and appeared in several films.
MENTIONED IN THIS ARTICLE
Pontiac, Mich
Pontiac
Edward Barker Jr
Barker
Los Angeles
Harry Zigey
Elman
Johnny Mercer
Scions Say Hearings Show Possible Perjury in Grant Probe
Washington AP reports senators battling claims of false testimony in a probe of a 927000 Office of Economic Opportunity grant to rehabilitate two Chicago street gangs. Witnesses include Rev. John Fry denying charges while Rangers leader Hairston faces bribery and extortion allegations from Cook County investigators.
MENTIONED IN THIS ARTICLE
Washington
Chicago
Carl T. Curtis
R-Neb
Office of Economic Opportunity
John R. Fry
Blackstone Rangers
Senat
Fly
George Rose
Fry
Jacob K. Javits
R-N.y
John Fry
Senate
Annabelle Martin
Eugene “Bull” Hairston
Ranger
Kcillt
Hairston
James L. Pierson
State's Attorney’s Office
Cook County
Rangers
South Side
Hospital and local notices from Corry and surrounding towns
Emergency phone numbers for Corry Memorial Hospital and ambulance service listed with admissions and discharges for multiple local residents including Mrs Perry McCray and children from Clymer and Sherman. Memorial Hospital Auxiliary desk volunteers named. Pittsburgh firm Murphys Sells Morris Department Stores chain to Myers Department Stores of Fort Worth and Dallas.
MENTIONED IN THIS ARTICLE
Corry Memoral Hospital
Corry
Perry McCray
Worth Street
Julie
Lester Groters
Clymer
Leslie Crossman
Eric
Robert. Stalker
Union City
William Moses
Comrie
Charles Smith
Tock
Vincent Legters
Gerald Lloyd
Wayne Street
Sherry
Jody
Robert McCauley
North Center Street
Ralph Mead
Sherman
Lena Beagle
Grand Street
Darlene
and Mirs
Jackson Taylor
R. D
Ronald Rhodes
North Clymer
Debra
Billy Craday
Rebecca Waite
Corry Memorial Hospital Auxiery Desk
Frank Hammond
Lena Ayers
Do Not Touch Warning From Vice President to Looters
The vice president told all potential looters not to touch any property. Earlier, Fry denied counseling the Rangers to engage in extortion.
MENTIONED IN THIS ARTICLE
Fry
Rangers
Defense Officials Rap Morals Of Viet GIs
New York AP reporting that a high ranking Defense Department spokesman publicly addresses moral concerns about U S GIs in Vietnam and elsewhere. Maj Gen William W Berg notes persistent immoral conduct despite counseling and defense efforts while McCalls magazine covers romance between soldiers and Vietnamese women.
MENTIONED IN THIS ARTICLE
New York
Defense Department
Department
Vietnam
Othe
William W. Berg
Defense
McCall's Magazine
Robert Shaplen
Norman Hill
McCall's
Berg
Paraplegic Opposes Closing Of Freak Shows
Raleigh activist Carol Grant born with limb deformities urged North Carolina State Fair authorities to end the annual freak show. State Agriculture Commissioner Jim Graham investigated midways, while Harvey L. Boswell of Wilson opposed the move, arguing against harming workers’ livelihoods.
MENTIONED IN THIS ARTICLE
Raleigh, N.C
Canada
Carol Grant
Raleigh
Jim Graham
Harvey L. Boswell
Wilson
Boswell
Firebombings Gut Buildings Injure Six in Hazelwood
In Hazelwood Pittsburgh three buildings were gutted and six people injured when youths threw three firebombs at M Levin Furniture and spread to adjacent structures. Fire damage estimated at $40,000 incl two bombed cars and a brand new motel. Police ordered heightened patrols.
MENTIONED IN THIS ARTICLE
Pittsburgh
Hazelwood
M. Levin Furniture
Harry Keller
James W. Slusser
Presbyterian Hospital
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Dean Hetrick
Tim
Terry
Dot
Turben
Chevrolet
Connie
VFW
Wtf
Seoete Siento Este Ente
Colonial Drive-In
Hertedtosie
Flye Rexall Drugs
Preiertec
General Electric
Prestens
Confidential Loan CO
AllWay Electric
George Fox Agency
Erie Insurance Exchange
Ridge Street
Thompson
Sugardale Coneys
Corry Savings and Loan Association
Center Street
Penna
BFI
Redwood
Good Roberts
Columbus
Victor Cragg JR
Franklin Street
Willetts Bros
Call
Corry Car Wash East Main
Hammond
Eagle Street