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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jul 29, 1960
Page
5
Puzzle style text shows mixed clues and a financial note. Net income rose 7 percent year over year to 19. months ending June 30. The report cites earnings per share of 51.18 and total net income of 13,307,234, with comparisons to prior year. President E Clyde McGraw comments on results.
Western Union Telegraph Co announces an eight percent hike in press wire rates, effective August 26, as part of broader service charge increases to generate about 12 million dollars annually. The rise comes after wage increases and reflects new labor contracts. Federal Communications Commission notified of the proposed rate change.
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