Pecos Valley and Houston Lumber Plan Major Merger
Pecos Valley Lumber Co and A C Houston Lumber Co announce a merger to form Pecos Valley Houston Home Center. The new venture will occupy the entire block between Alameda and Walnut on South Main except the State Motor Vehicle Dept lot, with a new building planned for the east half and a projected investment over 1 million dollars.
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United Airlines strike ends near as mechanics vote
United Airlines plans to resume flights Monday with full service by Christmas Eve after a two week walkout by 16 700 mechanics who must ratify a new contract hammered out after all night bargaining. IA MAW leaders recommended approval but kept terms private. If approved, National Airlines would remain on strike.
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November CPI shows mixed signals with easing on goods
The November consumer price index shows cheaper gas and food notably sugar, beef, and pork, yet service costs jump. Auto insurance up 8.5 percent and mortgage rates rise 1.6 percent offset cooler food inflation and early car price hikes with mixed signals for automakers.
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Ford Has Rail Bill Faces Presidential Veto Risk
President Ford now controls the fate of a 6.5 billion rail bill after Congress sent the measure to him. Senate 51 29 and House 205 150 votes fell short of overriding a veto, while ConRail would consolidate Penn Central and six other Northeastern lines into one government backed carrier.
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