Key Senate vote clears 250 million Lockheed loan guarantee
Sen. Marlow Cook and Sen. Lee Metcalf swung a 48 to 49 vote to approve a 250 million loan guarantee for Lockheed Aircraft Corp. amid last minute changes and White House lobbying. The measure aims to avert mass unemployment if Lockheed collapsed, with Avco and aerospace interests weighing in. President Nixon is expected to sign as supporters tout job protection.
MENTIONED IN THIS ARTICLE
Washington
White House
Montana
Senate
Lee Metcalf
Dmont
Cook
Metcalf
Nixon
Lockheed
Aerospace Company
William Proxmire
D-Wis
Louisville
Congress
Treasury Department
Avco Corp
Avco
Henry Jackson
Dash
Lame Deer
Hubert H. Humphrey
D-Minn
Lockheed’s
Lockheed Workers Hope as Government Backing Looms
In Burbank California machinists celebrate after a 49 to 48 Senate vote approving a 250 million federal loan guarantee for Lockheed Aircraft Corp. Relief follows six months of layoffs and fear over the TriStar program with Rolls Royce failures threatening 30,000 Lockheed workers and 30,000 subcontractors. The company plans to restart rehiring and outline a continued path for the L1011 project within days.
MENTIONED IN THIS ARTICLE
Burbank
Calif
Lockheed Aircraft Corp
Senate
Lockheed
Rolls Royce
Airbus
TriStar
Palmdale
Western Auto Store Under Construction on Breiel
Construction of a 46 000 Western Auto Associate Store on Breiel Boulevard began last week. Franklin owner expects to open by Nov 1. The 4 000 square foot building between Fish & Chips and First National Bank facilities will stock about 18 000 Western Auto items. B D Morgan Co is general contractor.
MENTIONED IN THIS ARTICLE
Western Auto
Breiel Boulevard
Franklin
Breiel
Fish & Chips
First National Bank
Darrell Hill
B.D. Morgan & Co
Egg price report for Ohio packing plants and farm poultry
Ohio price data from Columbus shows egg prices paid to country packing plants for delivery to major cities. Large A eggs range 39 to 42 cents for cartons to retailers. Medium A 30 to 32 cents. Small A 16 to 19 cents. Farm hens priced 5 to 6 percent light. Potnotes 3.75 to 6.00.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
U.S
Republican Senators Saxbe and Taft Vote Against Loan Guarantee
Ohio senators William B. Saxbe and Robert Taft opposed the loan guarantee measure, voting against the proposal amid debate. The outcome reflects a split stance among Ohio Republicans on federal assistance.
MENTIONED IN THIS ARTICLE
Ohio
William B. Saxbe
Robert Taft
Mart Opens Mixed
New York stock market opened with no clear trend amid slow trading. The Dow rose 6.49 to 864.92 and the New York Stock Exchange index gained .22 to 53.03, with volume around 11.88 million shares. The Amex advanced, up .11 at 24.72 on 3.16 million shares as steel labor talks and rail settlements eased tensions.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
American Stock Exchange
Amex
Cincinnati Livestock Market Report
USDA cattle and hog prices show steady to higher movement across categories in Cincinnati. Slaughter cattle and calves mostly 25 to 50 higher, hogs steady to strong, sheep steady with lambs 28 to 30 dollars per hundred.
MENTIONED IN THIS ARTICLE
Cincinnati
USDA
Also Mentioned on This Page
Sens. Cook
Metcalf Rescue Lockheed
Sunnyvale
Western Auto Store
Chicago Grain
Chicago
CBWL
Hayden Stone, Inc
Allied Stores
Bethlehem Steel
Brunswick
Colt Industries
Columbia G .E
Commonwealth
Edison
Curtis
Uss
Westi
Woolworth
Zenith
Pitney Bowes
Union Carbide
Owen
Middletown Securities First Bancroup Ese
First National Bank Eee
Mutual Funds
George Putnam Bal
Dreyfus Fund
Wellington Bal
Sovee
Fidelity Trend Eee
Mass. Inv. Gr. Stock
Ashington Mutual
Puritan Fund
Channing Special
Manhattan Fund
Amer
Amer. Express
Saxbe
Taft
Dayton Livestock
Mart
Cincinnati Livestock
Versailles
Beggin
John Deere
Bolens
Jacobsen McCulloch & Stihl
West Middletown
AG Ae
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