Government Set To Save Rails Amid Crisis
AP reports Penn Central faces a deep financial crisis as outside directors take over operations after Saunders ousted. Nixon plans federal loan guarantees of at least 200 million while a new budget office under George P Shultz is created to streamline federal programs and reflect presidential priorities.
MENTIONED IN THIS ARTICLE
NEW York
Penn Central Co
Stuart T. Saunders
Penn Central
Paul A. Gorman
Saunders
Interstate Commerce Commission
Gorman
Nixon
George P. Shultz
Shultz
Casper W. Weinberger
Federal Trade Commission
Robert P Mayo
White House
Labor Department
James D. Hodgen
Exchange
Francis I. duPoint & Co
Hirsch & Co
F. I. duPont
Glore Forgan & Co
Olin Corp
U.S
Schultz
National Press Club
Wall Street
New York Stock Exchange
Meyerson & Co
San Francisco
Big Board
Meyerson
Loeb on Wall Street Says Talking Market Often Misleads
Gerald M. Loeb surveys cautionary voices from Wall Street history including McChesney Martin Fulbright Baruch Lefevre Neill Crane and Pick. He warns against optimistic talk in falling markets and underscores disciplined investing and risk awareness.
MENTIONED IN THIS ARTICLE
Eby
Gerald M. Loeb
New York
William McChesney Martin
Federal Reserve Board
FRB
Reserve Board
Sen
William Fulbright
Committee On Banking and Currency
Wall Street
DOW
Trade Winds Policy Boosts Inflation Says Wall Streeters
Wall Streeters say the Fed's tight-money policy is dead as liquidity worsens a stock slide. They note rising money supply near 9 percent, concerns of inflation, and effects from Social Security boosts and surtax removal. Investors warn big buyers may flee fixed income if inflation persists.
MENTIONED IN THIS ARTICLE
Lou Schneider
New York
Nana
Wall
Vetetay
Sat Say
Roosevelt
Ideal Personnel Ad Promotes Insurance Underwriter Careers
An advertisement from Ideal Personnel promotes underwriting careers in insurance. It highlights the role, promotion path to management, required math aptitude and calculator use, and a growing demand for college degrees among underwriters. The agency offers placement counseling and lists contact details in the Arcade Building.
MENTIONED IN THIS ARTICLE
Ideal Personnel
Arcade Building
Magnet states lead move in 1969 relocation survey
North Carolina was among 14 magnet states as Allied Van Lines reported in 1969. The study shows 5 inbound moves for every 4 outbound in the state, with Florida California and Hawaii among big gainers and Vermont a notable magnet with four in for each out. Delta begins new service from Greensboro High Point Winston-Salem to Chicago with 7:30 Monday flights.
MENTIONED IN THIS ARTICLE
North Carolina
Allied van Lines
Illinois
Ohio
Pennsylvania
New York
Florida
Georgia
California
Hawaii
Vermont
Delta
Chicago
County Seeks Court Ruling on Reassessment Authority
Guilford County asks Guilford Superior Court to allow its defense in a suit by AMP Inc seeking relief from a $41 759 additional assessment on discovered property The county wants a ruling on its right to reassess after listing and whether local values must match state and federal tax values The motion was filed Friday by assistant county attorney Ralph Walker.
MENTIONED IN THIS ARTICLE
Greensboro
Guilford County
Guilford
Also Mentioned on This Page
Carole Martin
duPont
Glore Forgan Staats Inc
Loeb
Robert Sobel
Herbert Hoover
John D. Rockefeller
Bernard Baruch
Edwin Lefevre
Saturday Evening Post
Jesse Lauriston Livermore
Ed Harding
Edward F. Hutton
Lefevre
Humphrey Neill
Neill
Burton Crane
Crane
Franz Pick
Pick
Thomas John Watson
IBM
Broadway
Securies
Lane
Jetterson
Gilbert H. Clinard
Single X Reproductions, Inc
E. Westwood
Ole
George P. Clark
C.S.A
Hayden Place
Dan Cruth
Kentucky Fair
Louisville
John M. Snow
Kentucky Fair & Exposition Center
Austria
Belgian
Canada
England
France
Germany
Holland
Italy
Norway
Switzerland
W. F. Francourt Com
Vibralon
Fancount
Vibraflex
Vibralure
Fanitol
Fanco
Neoport
Greensboro, High Point and
Winston-Salem
Robert McCuiston
South Main Street
Integon’ Financial Services
W. Hgh St
State Farm
Montheu Ave
High Point
N.C
Bob T. Andrews
Point State Farm Fire and Casualty Company
Bloomington
Graham Marlette
Worcester Academy
Worcester
Massachusetts
Mr. Marlette
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