Railroads embrace Carter energy plan as coal boom begins
The rail industry, long after overcapacity, views President Carter's energy program as salvation as coal demand rises. William Dempsey of the Association of American Railroads notes coal shipments now anchor traffic, with trains running long coal blocks from mine to port without disruption.
MENTIONED IN THIS ARTICLE
New York
Carter
William H. Dempsey
Association of American Railroads
Dempsey
Railroads weigh coal role in cutting costs for shippers
Business experts say fixed costs at 20 percent of expenses make rail traffic growth critical. Dempsey argues coal could curb costs for other shippers, while energy goals require modest annual coal production gains. Congress debates a coal pipeline act that could expand pipelines and challenge rail freight.
MENTIONED IN THIS ARTICLE
Dempsey
Penn Central
Congress
NYSE 2 P.M. Quotation Snapshot and Prices
AP reports late afternoon NYSE prices led by Dow Jones at 925.88 down 1.44, Trans 233.83 up 0.48, Utilities 108.38 up 0.03. Readouts show widespread bids and Last prices across many listed issues including AMF, Alcoa, Union Carbide, Exxon, IBM, Coca Cola, Pfizer, General Electric, Boeing, Chase Manhattan, and others with varied daily changes and high and low ranges.
MENTIONED IN THIS ARTICLE
New York
Dow Jones
Indus
Commodity Closings From London to Chicago Markets
London gold 147.00 up 1.25, May cocoa 1.92 up 6c, sugar 11.4c lb. June gold 148.10 up 1.80, May silver 4.76 up 6.6c, May copper 63.3c up 0.8c per lb. May wheat 2.57 4c down, May corn 2.48 2c up, May soybeans 9.85 up 45c per bushel. May soybean meal 261.00 up 13.70, oil 29.4c up 8c. June live cattle 45.60 up 68c cw, live hogs 43.65 up 93c cw. May pork bellies 59.72 up 97c cw. May cotton 75.75c up 1.6c per lb. Market not closed.
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NEW York
New York Stock Exchange
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Arizona
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Batge
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WMY
Vo BaxtTry
RealFds
Beker
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Bendix
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The
Associated Press
London
Wall Street Update on Selected Exchange Stocks
National stock table lists price data for multiple American Exchange issues. Key entries include Aegis Cp, Altec Cp, Atlas Cp, Arrowline firms, and several banks and industrials with mixed last prices and percent changes. data covers highs lows and daily moves, reflecting volatility across sectors.
Camelback Inn names Mamula sales manager
Karen Mamula promoted to sales manager at the Camelback Inn. She joined Marriott Corp. in 1972 as sales rep for the Cleveland Marriott Inn and served as district sales manager for Marriott’s Chicago national sales office from 1972 to 1977.
MENTIONED IN THIS ARTICLE
Karen Mamula
Marriott Corp
Mamula
Marriott
Chicago
Scottsdale Business Roundup April 29 1977 Highlights
Frei a semiconductor processing expert with 17 years in process development and yield improvement joined ICE after leading Philco-Ford water fabrication and Bowmar Inc. Cottingham of Scottsdale earned Prudential President's Citation for placing over 3.2 million in insurance in 1976. Motorola won a 31,2500 contract for an antenna coupler from the Defense Electronics Supply Center in Dayton Ohio. Jerry Colangelo named chairman of the 1977 Jobs for Youth drive aiming for 1 200 placements with volunteers soliciting pledges for the Department of Economic Security.
MENTIONED IN THIS ARTICLE
Frei
ICE
Philco-Ford
Bowmar Inc
Leo S. Cottingham
Scottsdale
Phoenix East
Prudential Insurance Co
Prudential
Cottingham
Motorola
Government Electronics
Defense Electronics Supply Center
Dayton
Ohio
Defense Logistics Agency
The
Defense Supply Agency
Armed Services
Phoenix Suns
Jerry Colangelo
National Alliance of Businessmen
Department of Economic Security
Capital shortage feared in American industry over next decade
Menlo Park AP Don Baron a Stanford Research Institute economist warns of a serious capital shortage in the 10 years ahead unless government spending falls or business profitability rises. He cites rising personal savings and shrinking government and corporate savings as key factors limiting capital investment for plants, equipment, and housing.
MENTIONED IN THIS ARTICLE
Menlo Park
Stanford Research Institute
Don Baron
Baron
Aron
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