Cigarette makers raise wholesale prices in major hike
Three big tobacco firms announce wholesale increases from 10 cents to 70 cents per thousand, likely lifting retail prices by about 1 to 3 cents per pack. Reynolds Lorillard and Philip Morris cite margins and a penny shortage as factors, with retailers adding profit.
MENTIONED IN THIS ARTICLE
New York
UPI
R. J. Reynolds
Lorillard
Loew's Corp
Phillip Morris Inc
Milt Bloomrosen
Wholesale Tobacco Distributors of
Bloomroson
Reynolds
Winston, Salem
Camel
Doral
Vantae
Kent
Old Gold
Newport
True
Philip Morris
Marlboro
Benson & Hedges
Virginia Slims
Parliament
U S Steel profits hit record third quarter earnings
U S Steel Corp. reported third quarter earnings of 213.6 million, a company record, with 2.51 billion in sales. Nine month results reached 463.4 million in profit and 5.14 billion in sales, shipments totaling 6.2 million tons for Q3 and 19.8 million tons for the year to date.
MENTIONED IN THIS ARTICLE
Pittsburgh, Pa
U.S. Steel Corp
U.S. Steel Board
Edgar Speer
U.S. Steel
US Steel
ITT Accused of Default Over Avis Stock Trustee Move
The Justice Department says ITT defaulted on a 1971 consent decree by not disposing of Avis stock. It seeks a Boston College professor as trustee to supervise the divestiture, with a plan to exchange ITT stock for Avis and place Avis under independent holders.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
International Telephone and Telegraph Corp
US District Court
Hartford
Avis
Department
ITT
Kenneth E. Frantz
Boston College
School of Management
Fienaner
Chen
Maheu seeks $6 million in Hughes defamation case
Robert A. Maheu, former Hughes confidant, pressed for six million dollars in damages after a verdict in his favor in a defamation suit. The Los Angeles trial heard opening statements in the second phase to decide the amount, with Maheu’s attorney Morton Galane arguing Hughes ruined Maheu’s earning power as a consultant.
MENTIONED IN THIS ARTICLE
Robert A. Mahan
Howard Hughes
Maheu
Los Angeles
Mahet
Morton Galane
Mahen
Hughes
Antitrust Probe Targets Food Industry Say Saxbe
Attorney General William B. Saxbe outlined a broad investigation into possible antitrust violations across the food sector citing inflation. He said several civil and criminal cases involve meat, dairy, and baked goods while sugar, egg, and beef probes continue, with indictments anticipated in sugar.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Atty
William B. Saxbe
Saxbe
US urged to pay Paiute Indians defense costs
Three senators asked Interior Secretary Rogers C. Morton to reimburse the Paiute Indians $106,000 spent defending water rights. Sens. John V. Tunney James Abourezk and Edward M. Kennedy said Congress had appropriated funds for such costs, yet the tribe had to petition the Supreme Court after a successful suit over diversions from Pyramid Lake in Nevada.
MENTIONED IN THIS ARTICLE
Washington
UPD
Interior Department
Rogers C. B. Morton
John V. Tunney
Calif
James Abourezk
D-S.d
Edward M. Kennedy
D-Mass
Morton
Supreme Court
Congress
Pyramid Lake
Nevada
Inflation Fears Hit Farm Sector Says Official
A Ohio farmer notes inflation impacts on his beef cattle operation as government steps up price fixing probes to curb rising costs. The official remarks that inflation touches all sectors, with agriculture among the hardest hit.
MENTIONED IN THIS ARTICLE
Ohio
Also Mentioned on This Page
U.S
Maheu Presses
United Press International
Last Jao
Industry
U.S. Probe
Saxhe
Earl Scheibers
General Electric
Avery Carl Schell
America
Fearhcim
Aysssas Yawaiian
SUN
United Quantitier
Building Supply
Conny
Mara
Jake
Uly
SPAI
Boeke Grand Sae Benet
Mee Ag
Chmige
Usta
Doye Qaly
Rma Dea
Real
San Gabriel
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!