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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
New Castle News
Location
New Castle, Pennsylvania, United States of America
Date
Jun 23, 1964
Page
6
William A. Doyle reassures investors that federal takeover of railways is highly remote. He notes past talk during strikes but says nationalization is inconceivable except to fringe voices and urges remaining confident in free enterprise. He also advises keeping tax records indefinitely for audit protection.
Jack E. Reese of New Castle is named vice president in charge of national sales for Renault Inc New York. He will lead Renault field sales and several headquarters departments in a new Sales division. Reese has 25 years in the auto business with early work at Play Chevrolet and his own Reese Motor Co He is an Air Force veteran married to Marjorie Ferrell with one child and resides in the New York metropolitan area.
The Federal Housing Administration announces a drive to boost insured home improvement loans as use declines from 1.1 million in 1957 to 736,000 last year. Lenders prefer their own loans, and red tape deters contractors and homeowners. FHA plans paperwork cuts while keeping safeguards.
New York stocks start higher with gains for New York Central 385 and Texaco 79 while declines hit Chesapeake & Ohio 78 and Jersey Standard 87. Ford weak at 63 and IBM up 4 to 481 with North American Pacific up 38 to 56.
The article lists multiple corporate ticker values and percentages for firms such as Pittsburgh Plate, Republic Steel, Reynolds Tobacco, Sears Roebuck, Union Carbide, United Aircraft, United Fruit, United States Steel, Western Union, and Woolworth. It also notes New York as the top cigarette exporter with 23.2 billion sold and mentions Australia’s opal finds and an Africa bridge project in Onitsha Nigeria over the Niger River with 12 spans.
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