Cuba Seizes Two Refineries As Oil Shortage Deepens
Cuban officials intervened and seized the Esso and Shell refineries after laboring to accept a shipment of Russian oil. The move follows nationalization trends as Havana relies on 80,000 barrels daily from Texaco, Standard Oil, and Shell for its industries. Officials feared tanker availability may halt further oil supplies.
MENTIONED IN THIS ARTICLE
Havana Bay
Cuban Petroleum Institute
Esso
Shell
Cuba
Revolucion
Cupa
Texaco
Standard Oil
Venezuela
Havana
Idlewild 400 Workers Strike Over Refueling Duties
About 400 members of International Brotherhood of Teamsters Local 553 at Idlewild Airport walked off at midnight after their two year contract with Allied New York Services expired. Allied officials said supervisory staff would keep near normal operations, but some flights were diverted for refueling.
MENTIONED IN THIS ARTICLE
New York
UPI
International Brotherhood of Teamsters
Allied New York Services Inc
Allied
Adlai Nominated Faction Sparks Convention Theories
A draft Stevenson movement gains space at the convention hotel while Adlai Stevenson leads as front runner. Truman plans to explain non attendance on Saturday, with rumors of protest against Kennedy favoritism and party realignments. Nixon, Rockefeller, Morton comment on a tight race and cross party strategy amid North Dakota results. Burdick hints at victory in North Dakota Senate race.
MENTIONED IN THIS ARTICLE
Butler
Doyle
Stevenson
Harry S. Truman
Truman
Kennedy
New York Post
Missouri
Stuart Symington
D-Mo
Symington
William Knowland
Senate
Oakland
Calif
Tribune
Richard M. Nixon
Philadelphia
Earleer
North Dakota
Rockefeller
Nixon
Quentin Burdick
Solons Hit Loan Firm Seizure Report Sparks Political Fallout
A congressional subcommittee faulted the federal agency over a seizure of a loan association led by Thomas A. Gregory. The probe noted a 37 million dollar run on deposits and questioned the emergency justification while suggesting possible government credit to restore the institution. The report, cleared with token opposition, signals Congress may pressure the bank board over long running disputes and contemplated use of the Federal Savings and Loan Insurance Corp and the San Francisco Home Loan Bank.
MENTIONED IN THIS ARTICLE
Thomas A. Gregory
Clare Hoffman
R-Mich
George “Wallhauser
R-N.j
Association
Federal Savings and Loan Insurance Corp
San Francisco Home Loan Bank
Government Credit
Federal Home Loan Bank Board
Congress
Federal
Moss
Press-Telegram
Board
Long Beach Federal Plans $1 Million Dividends
Long Beach Federal Savings and Loan Association, seized by a government agency last April, announced plans to pay 1.35 million dollars in dividends to savings account holders. The six month rate is 4.14 percent per year on about 60 million dollars in accounts, with payouts starting immediately and a possible December 31 1960 distribution. Each account is insured up to 10 000 by the Federal Savings and Loan Insurance Corp. Withdrawals after seizure forfeited dividends, and about 37 million was withdrawn in the two weeks after seizure.
MENTIONED IN THIS ARTICLE
Long Beach
Ault
Federal Savings & Loan Insurance Corp
U.S
Federal Home Loan Bank Board
Long Beach Blvd
Also Mentioned on This Page
Cuban Electric Co
Cuban Telephone Co
Idlewild Call
Adlai
D-Mass
Nelson A. Rockefeller
N. Y
Rock
Afeller
Thrusten B. Morton
GOP
Democratg
Eisenhower
Solons
Iseizure
L. B. Federal
Cary Sark
Slotlands
BET Distilleries
Cutty Sark
Magic Triangle
Triangle
AMF Pinspotters Inc
American Machine & Foundry Company
AMF Building
Madison Avenue
Brother
Iar
Emerson
Frigidaire Refrigerator
Bendix
Orothers Alert
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