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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 17, 1958
Page
6
Coastwise Line said Wednesday it will use ocean going barges after terminating an in party cargo to Seward and interchange agreement with Alas Whittier Be. The plan stems from changes in coastwise operations for the SAN FRANCISCO area and offshore routes.
New York AT&T will spend 2.2 billion dollars on construction in 1958, as Frederick R. Kappel, president at the 73rd annual meeting, said the spending matches 1956 levels but trails last year’s record. He noted 1.4 million added telephones and a daily rise in conversations, warned against inflation from tax cuts, and reported rate increases totaling 35 million so far with 320 million more applications pending in about 20 states. The pension and cumulative voting proposals were defeated. AT&T has over 1.6 million stockholders holding 64,648,178 voting shares.
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