ConRail Begins As Seven Railroads Merge Into One
The March 29 1976 ConRail consolidation unites Penn Central Erie Lackawanna Reading and six other carriers into the Consolidated Rail Corporation. The private firm backed by government funds will operate 17000 miles of main lines plus 3100 miles of subsidized track with about 100000 workers and 4000 locomotives. The reorganization aims to modernize track and equipment over a decade with a $7.5 billion rehab program and foresee strong economic impact.
MENTIONED IN THIS ARTICLE
Jay Perkins
Associated Press
Washington
U.S
Penn Central
Erie Lackawanna
Reading
Consolidated Rail Corporation
ConRail
Congress
America
United States
Northeast
Midwest
Atlantic Ocean
Mississippi River
Amtrak
USRA
Market Up Dow clears 1000 mark with week end close
The Dow Jones average topped the 1,000 level last week and held firm, ending Friday at 1,003.46, up 23.6 from the prior week. The Conference Board notes Farm population exceeds 40 percent of the U.S. workforce, while only 3 percent currently farm. In the early 1800s about 30 percent were employed, of whom 75 percent tilled the land.
MENTIONED IN THIS ARTICLE
U.S
Conference Board
Red Balloon New Toy Shop Opens April 5
The Red Balloon Ltd will open at 1218 N Main St on April 5 offering educational and creative toys, games, and books. Owners Frances Noah and Phyllis Picklesimer highlight exclusive regional toys, handcrafted items, imported dolls, and gift services with parking and daily hours 10 am to 5 pm.
MENTIONED IN THIS ARTICLE
the Red Balloon, Ltd
N. Main St
Frances Noah
Phyllis Picklesimer
West Virginia
Vermont
Stroud Photography & Frame opens in High Point
Harold Stroud launches Stroud Photography & Frame at 602 Idol Drive offering commercial photography and custom framing with his wife Della managing framing. Stroud brings Navy lithography, Western Electric photography, and Studio One leadership experience to the new venture in Winston-Salem and High Point markets.
MENTIONED IN THIS ARTICLE
Harold Stroud
Stroud
Idol Drive
US. Navy
Western Electric Co
Studio One
Winston-Salem
High Point
Iis
Della
Promotions and finance notes from Winston-Salem area business pages
George P. Cook of Winston-Salem promoted to corporate director employment and placement at R.J. Reynolds Industries. MDRT member Lid Lyon Jr. qualifies for fifth year. First Citizens Bank declares 1.25 dividend. Federal Reserve district loan and deposit data show mixed changes in loans, deposits, and investments across 27 large banks, including increases in demand deposits and real estate loans.
MENTIONED IN THIS ARTICLE
Winston-Salem
George P. Cook
Wigh Point
R.J. Reynolds Industries. Inc
Lid Lyon Jr
Income & Capital Associates, Inc
MDRT
Federal Reserve Bank of Richmond
Fifth
Federal Reserve District
Capital Spending Sluggish in New York Economists Say
New York economists note the recovery continues but capital spending for new plant and equipment lags retail gains. Burns calls capital goods markets poised for a revival while a construction expert says the upturn in commercial and industrial buildings has not materialized. Manufacturing operates at about 73 percent capacity as arms export politics stir, with major defense buyers focusing on modernization over expansion.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Arthur Burns
Ford
Chrysler
Bank Credit
World Relief Drops Clothes Drive Ends
Lutheran World Relief drops its annual spring appeal for garments as overseas requests wane and the agency holds 680000 pounds of clothing in warehouses awaiting calls from areas in need. The move reflects the current economy as a shared public and private concern.
MENTIONED IN THIS ARTICLE
New York
Lutheran World Relief
inter-Lutheran Agency
Also Mentioned on This Page
High Point Enterprise
Tis
U.S. Railway Association
Pennsylvania Railroad
New York Central
National Association of Securities Dealers
Aerotron
Atlantic Pepsi Bankers Trust
Ats Tela
Bassell Furniture
Branch Corp
Wea Brennerings
Ba Burnup & Sims Fratin Burris
Cannon Malls
Carmine
Canner Homes
Conteal
Carel Internata
Aie
Diamandheas Corp
Durham Lite
2Ra Engraph Inc
Ain Wa
Ol Catawba Fidelity Corn of Wi
Farmers New World
First Union Corp
Ua Iy
Forsyth Bank & Trust R
Aia Franchin Life
We Guardian Corp
Harrelson Runber
Heibg Meyers
Henredon Furn
Hickory Furr Investment
L&t
Kenan Transport
Laneo, Inc Raws Ceggel & Plati
Little Giant
Lowe's Co Mach’s
UN Care Bancsas
Va International
Tennessee
Corporate Post
Cook
R.J. Reynolds Tobacco
High Point College
Ray Hubbard
Lyon
Society of Chartered Life Underwriters
High Point Estate Planning Council
First Citizens Bank & Trust Company
George Cook
Lou Schneider
Mideast
Senate
Canadian Rockies
Calgary
Alberta
Tauck
Rockies
World Travel Agency
Carolina Motor Club
North Main St
N.C
World Relief
Pan Boum
Man
Appeniment
Vernon Equipment Company, Inc
New St
Charles N Stephienson
N. Main
Piedmont Savings
Piedmont
ICA
Bae
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