Canadian Newsprint Strikes Expand Across Industry
Strikes spreading across Canadian newsprint mills have shut down about a third of capacity, affecting 3.2 million tons and triggering price rises. The conflict follows expired contracts between unions and pulp and paper firms, with Spruce Falls in Kapuskasing among first actions.
MENTIONED IN THIS ARTICLE
N.Y. Times News Service
New York
United States
Spruce Falls Power and Paper Company, Ltd
Canada
American Newspaper Publishers Association
Joseph F. Prendergast
Association
West
ANPA
American Can Co
Marathon
Ont
Conrail debt plan unsettles investors amid valuation disputes
The seven bankrupt railroads to form Conrail face a value swap using certificates of value and common stock. Penn Central values range from $4.71 hundred million to about $7.4 billion, sparking Wall Street opposition. Debt prices for Penn Central and related bonds have collapsed, making the overall $2 billion debt offering worth about $621 million. Insurance firms holding Penn Central bonds warn the offer may not cover taxes and priority claims.
MENTIONED IN THIS ARTICLE
Conrail
Penn Central Transportation Company
Ma Railroad
NEW York
Lehigh Valley
Erie Lackawanna
Central Railroad of New Jersey
Lehigh and
Hudson River
Ann Arbor
Penn Central
United States Railway Association
Wall Street
Jervis Langdon ,Jr
New York Central
Scott Nicholls
Fourteen Research Corporaton
United States
Equitable Metropolitan Life
Prudential
Connecticut General
Connecticut Mutual
Little buyer vital to stocks increasingly influential
A Wall Street observer argues individuals accounted for 54 percent of non broker to broker trades in 1974, up from 51 percent in 1971, suggesting the little guy remains a major force in daily volume and broker revenue. He notes many so called institutional trades mirror individual activity and urges redefining public trader groupings. The NYSE figures were based on April releases and the observer remains anonymous. The Big Board could not quantify such trades.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
Observer
AT&T loosens interconnect rule for APCM adapters
Consumer savings rise as AT&T changes tariff to remove Bell interconnects for APCM device users. California remains an exception with state rules allowing engineers to certify devices. Manufacturers report a transition period and emphasize compatibility challenges across brands and models.
MENTIONED IN THIS ARTICLE
Molly Sinclair
American Telephone and Telegraph Co
At&t
Federal Communication Commission
FCCC
Bell
FCC
Paul Darling
Southern Bell
California
Commmission
APCM
Neal Buglewicz
Phone-Mat
U.S
Buglewicz
Bell System
Maple Ave
Torrance
Calif
Delmar R. Johnston Appointed President Of Pacific Valves
Long Beach native Delmar R. Johnston named president of Pacific Valves Inc after a 28 year tenure with the firm. He succeeds Joseph L. Casey, named president of Mark Controls Corporation, Evanston, Illinois. Pacific Valves produces cast steel and alloy globe gate and ball valves for power petroleum and chemical processing. Mark Controls is listed on the American Stock Exchange.
MENTIONED IN THIS ARTICLE
Delmar R. Johnston
Pacific Valves, Inc
Long Beach
Johnston
Colorado School of Mines
Harvard Business School
Pacific
Joseph L. Casey
Mark Control Corporation
Evanston
Pacific Valves,Inc
Globe
Power
Chemcal
Mark Controls Corporation
American Stock Exchange
Citibank chief foresees prime rate rising to 8.5 percent
Edward L. Palmer of First National City Bank predicts the prime rate will climb to 8.5 percent in the fourth quarter from 8 percent today. He notes the rate may plateau at 8.5 percent or rise further amid inflation concerns and a slower economic recovery.
MENTIONED IN THIS ARTICLE
N.Y. Times News
New York
First National City Bank
Edward L. Palmer
The
Ank
Citibank
Palmer
Flying Tigers Merge Military and Charter Operations under Hubbard
The Flying Tigers airline unites military and commercial charter activities with support services under Peter E. Hubbard as general manager of Charter Operations. The move aims to cut costs, tighten financial control, and boost charter promotion while leveraging a crew agreement to compete more effectively in the global market. Gelfand, longtime charter head, notes past collaboration and welcomes charter programs back under his supervision.
MENTIONED IN THIS ARTICLE
Ilos Angeles
Flying Tiger Line
Peter E. Hubbard
Hubbard
Pams
William E
Gelfand
Flying Tigers
Investment trusts Friday quotations in Delaw and New York markets
Quotations on mutual funds and investment trusts show price movements and fund names across many firms. Notable entries include Franklin Group, Federated Funds, Lutheran, Union, and Selections from Drex Bar and others with values and changes listed.
MENTIONED IN THIS ARTICLE
Delaw
Simpanies Delta
York
Dir Cp
Apollo
Dealers, Inc
Lerge
Man Rs
Seles
Eagle Gr
Invest
Eaton& Howard
Lexington
Uttr
Fred
Lex Inc
Lex Rh
Harbrie
Pace
Qt Inc
NL Co
Bassin Ge
Ar U. A
Elie
Amn Ind
Asso
Seleceon
Stein Roe
Geo
N.L. WF NL
Franklin Group
WL Incon
Kemp
Sumit
Heden
Uslife
Avex
Baian i
Hymitton
Noreast
Unifund
Es Union
von Fe
Also Mentioned on This Page
Fress
Robert Metz
N.Y
Delmar Johnston
Business Wire
Eldores
Pac Scientif
Pauley Petrol
Ponecal
Paytone Sys
Pennzoi
Aie Ae
VN PermaBilt
Rib
HonovrFire
Doming Yezw
Mate Inc i
Seine Bn
Ewry iPhotoc
Pinehurst Corp
Salor
Omniwn
Ar ‘Onomil. Ry
Eidon Idustries
PennLite
Elpac Quotron
Paul Cos
Dine Inc
LY Ratner Corp
Erie Technol
Ahn
Pesdel Ind
Executive
Zenith Nat InfamilianCorps
Barmeri Bronpany
Rocket Research
Vkoff
Arizona Bnk
Foothill Gro
City National
FredHol
ShakleeCorp
Fritzie di Cal
Santa Monic
Altomation
SourceCa
SecurPacCp
Gen Heallth Soc
alWater
Vaga
Calif Istey
GenTel i
Ithwst
Einer Phoen A
denSilate
Agr ix
Stentya
Ay Capital Alliances
Cuardiahp& 258
StangHydronics
Starlite Indust
Aarion Products
Mercury Sv
Altexcel
Honda
Sir
Taco Bell
Tampax
Tannetics Inc
Technicare Corp
Tecumshp
Air California Acuauon
Urgens
Ens
Tom Brown Inc
Amer Expr
Kaiser Steel
Transco Con
Amer
Kaiser S
Rane Ene
US EquitMt
APS. Inc
Kotzin
LawryslFds
Wangabondagel
Arden Mayfair
Leroy Corps
Lincoln Mortiny ‘A
Valley Gas
Arden May
Linc Martin UN
VanGraphic
Argo Petrols
CindaledarHo
Viking Indust
Poney
Sarr
Bentie Berkshire
Maxon
St Ya Western Gear
WesternPac
Amc
Westmore Coal
Wincorp
Asa Os
Zions UtBanc
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