SEEK RENTERS Farm Giants Evade Price Support Limit
Farm giants seek renters to evade the 55,000 price support ceiling, mainly in cotton, with SA Camp Co of Bakersfield reporting large subsidy gains. James Camp calls the approach a big improvement, while firms like Boswell Co of Kings County and Giffin Inc. in Fresno County feature in historic subsidy totals.
MENTIONED IN THIS ARTICLE
Fresno i
James Camp
SA. Camp Co
Bakersfield
JG. Boswell Co
Kins County
Giffin Tnc
Fresno
ICC approves bonds for Penn Central amid lending squeeze
The Interstate Commerce Commission approved 110 million dollars in government guaranteed bonds to fund Penn Central Railroads operations. Trustees must gain court approval before bonds can be sold. Officials cite tighter credit, lower rates, and lack of alternatives as原因 for the financing plan.
MENTIONED IN THIS ARTICLE
ICC
Penn Central
Washington i
Congress
Stocks Recover From Early Skid
NEW YORK UP The stock market was mixed to heavy trading. The Dow Jones Industrial Average rose 0.20 to 837.20 after dipping five points. Trading reached about 14.5 million shares versus 14.1 million yesterday. Notable closes included Am Int 0% up 4, Beth St 23, Chrysler 234 off 34, Dupont 134% off 14, Ford 65, GM 17% off 54, IBM 91246 off 3. The market faced a broad decline over several weeks, with the next move likely lower. Electricals and wire issues were soft, with fractional gains in some gas and rail stocks. Sperry Rand, American Airlines, Panhandle Eastern Pipe, Texaco, Occidental, and Federal National Mortgage were among the day's most active. Prices held steady in brisk trading at the American Mach Change.
MENTIONED IN THIS ARTICLE
New York
AM Tat
Beth St
Chrysler
Dupont
Ford
Gen EL
Gen Motors
IBM
Sperry Rand
American Airlines
Panhandle Ensitra Pipe
Texacd
Occidental
Federal National
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