PRR Declares 25 Cent Dividend Despite Expected Loss
The Pennsylvania Railroad announced a year end dividend of 25 cents a share while signaling a likely operating loss for 1962. Chairman James M. Symes cited a $4.96 million nine month deficit and warned the payout depends on a reversal of earnings trends. The board notes a long record of dividends but not a strong recent payout outlook.
MENTIONED IN THIS ARTICLE
Philadelphia
Pennsylvania Railroad
James M. Symes
Symes
Titusville City Budget Sees 580610 For 1962
City council plans budget readings by mid December with first reading set for December 17 and final before January 1. Budget totals 580,610, down slightly from 1961, with nine mill levy on property, 10 per capita, and one percent on earned wages. Water system project adds complexity.
MENTIONED IN THIS ARTICLE
Earl Stewart
Charles FP. Kindred
George W. Becker
The Journal offers easy news enjoyment option
The Journal invites readers to subscribe for convenient access to daily news. It promotes simple enjoyment of current events through a subscription.
MENTIONED IN THIS ARTICLE
The
Journal Today
Street paving delayed to spring amid mud concerns
Mayor Philip Zalzneck told a meeting last night that paving of the street, planned for fall, must be postponed until spring due to extensive mud along the sides.
MENTIONED IN THIS ARTICLE
Philip Zalzneck
Kennedy sister given unusual traffic sentence
Patricia Kennedy Lawford will serve a two part sentence for driving with an expired license. She must visit a wrecking yard of accident vehicles to observe and report on patients at the Kennedy Child Guidance Center in St John’s Hospital, a hospital survey due in 30 days. The sentence, imposed by Municipal Judge W Blair Gibbons, also reflects his penchant for dramatic penalties.
MENTIONED IN THIS ARTICLE
Santa Monica
Patricia Kennedy Lawford
Peter Lawford
Kennedy Child ,Guidance Center
St. Jon's Hospital
Kennedy
Joseph P. Kennedy Jr
W. Blair Gibbons
Autopsy Ordered in Lebanon Burns Case
In Lebanon Pennsylvania a 70 year old man named John Beck was found dead near a stove in his kitchen near Manheim. Coroner A H Heisey reported the burns suggested asphyxiation and ordered an autopsy despite no signs of fire damage. The victim was discovered by his son Harry K Beck.
MENTIONED IN THIS ARTICLE
Lebanon
Manheim
A. H. Heisey
John Beck
Heisey
Harry K. Beck
JFK Reads Khrushchev Mikoyan Cuba Mission
Mikoyan spent about three weeks in Havana seeking inspections but left without securing Cuban consent. During the visit the Soviet side withdrew 42 nuclear missiles from Cuba under U.S. scrutiny and Khrushchev pledged to remove 124 nuclear capable jet bombers within 30 days. The conference's outcome could influence broader Cold War tensions.
MENTIONED IN THIS ARTICLE
Yage Tney
Khrushchev
Mikoyan
Havana
New York
U.S
Castro
Cuba
Eal
Government Seizes Contaminated Cocoa Beans in Raid
Federal agents and U.S. Marshals seized 523,357 bags valued at about 18 million dollars for insect contamination. The beans were consigned to 19 customers across Philadelphia New York Chicago and Hershey Pa. About 2 000 tons were confiscated at warehouses in Staten Island N Y and other eastern ports. The FDA said the action removed about half the supply at eastern ports but chocolate supply should not be affected. Owners have 23 days to contest the order.
MENTIONED IN THIS ARTICLE
Philadelphia
Buterial
Candy Cares
New York
Chicago
Hershey
Food and Drug Administration
U.S
Philadelphia Piers, Inc
Sates Island
J. Shane Creamer
H. Thompson Price Jr
Food and Drug
Drew J. T. O'Keefe
Staten Island
Brazil
Nigeria
FDA
Professor Neele E Stearns dies at 85 in Chicago
Professor Neele E Stearns, 85, a University of Chicago business administration professor and former Crane Co president and Inland Steel vice president, died yesterday of a heart attack. He joined the university in 1960 after a career leading major industrial firms. The article also discusses Cuba and US Soviet relations without decisive moves.
MENTIONED IN THIS ARTICLE
Dses Chicago
Neele E. Stearns
University of Chicago
the, Crane Co
Inland Steel
University
Railroads Move to Cut 65,000 Jobs Across Industry
Chicago AP report details rail carriers planning to eliminate 65,000 featherbed positions to save more than 592 million dollars annually. Unions vow action, planning joint meetings in Washington while awaiting Supreme Court options after an appeals court upheld prior rulings.
MENTIONED IN THIS ARTICLE
Chicago
U.S. Circuit Court of Appeals
U.S. District Court
Joseph Sam Perry
Appeals Court
Charles Luna
Brotherhood of Rallio
U.S. Supreme Court
Luna
Washington
Kennedy acts to pause rail labor dispute under law
A proposed emergency board by President Kennedy under the Railway Labor Act could delay rule changes and a strike for 60 days or more. The 1961 cost tally cited $59,062,000 in payroll and related waste for redundant railway jobs, while the court cautioned about a possible national transportation paralysis if unions threaten action.
MENTIONED IN THIS ARTICLE
Kennedy
Dickel
Industrialist killed in Jeffersonville street accident
Herszel Zylberberg, president and owner of Helene Hosiery Mill Co. of Trooper, Pa., was struck and killed by a car last night while crossing a street near his home in Jeffersonville. The driver was identified as Robert Rosz Jr., 29, of Jeffersonville.
MENTIONED IN THIS ARTICLE
Philadelphia
Herszel Zylberberg
Helene Hosiery Mill Co
Trooper, Pa
Alito
Jeffersonville
Robert Rosz Jr
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PRR
Titusville
White Street
Johnson and
Ohio Streets
Journal
VLA
Tae and
Admiral Sveze
Mamerset Hye Taincvowadleres
Priceo
JFK
Columbus Avenue
Florida
California
SWIFT
BON Ami Endust
HOWEL
Curtis
Imerson
America
Emerson
Davis
Goodyear Service
North Center St
Santa
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