Government stance shifts toward slower labor dispute action
Incoming Labor Secretary George P. Shultz signals minimum government intervention in major labor disputes under Nixon. He says the experts are unions and management, and he intends to leave disputes to them. The piece notes updated Nathan Report for 1971 contract talks and the evolving, more sophisticated practice of collective bargaining since 1965.
MENTIONED IN THIS ARTICLE
Nixon
George P. Shultz
Labor
Shultz
Communications Workers of America
Bell System
CWA
Yesteryear
Schultz
Week in Finance Charts Chill in Credit Tightening
Bearish mood sweeps stock and bond markets as interest rates rise amid tight credit. Analysts warn profits and capex may suffer as the Fed squeezes loan funds, with First National City Bank raising its prime rate to 7 percent and banks following. Northwestern Bell’s $75 million bond issue saw rush demand fade after the rate move.
MENTIONED IN THIS ARTICLE
Thomas E. Mullaney
N.Y. Times
New York
Wall Street
Middle East
Henry Cabot Lodge
United States
Paris
First National City Bank
Argus Research Corporation
Federal Reserve
Fed
Argus
New York City
U.S
Northwestern Bell Telephone
Bell System
City Bank
Interest Hike Hits U S Buyer In Economic Slowdown
The New York Times report details rising interest rates and tighter credit from the Federal Reserve, sparking higher costs for cars, homes, and loans. It notes a possible reverse in growth, potential unemployment, and links the trend to the Vietnam war and policy shifts in 1965 66. It cites bond sales by Cleveland Electric Illuminating and Duquesne Light, copper price hikes by major producers, and a delayed Peru Indiana school bond issue.
MENTIONED IN THIS ARTICLE
New York Times News Service
New York
President Johnson
Federal Reserve System
Wall Street
Federal Reserve
Peru
Ind
Cleveland Electric Illuminating Co
Duquesne Light
Kennecott
Phelps Dodge
Anaconda
Inspiration Consolidated
Stocks Quotation Listings Continued from Page Six B
The page shows a long list of stock quotes for numerous companies including Texco TexO&G Uniroyal Unisys and others with bid and fraction values. It also includes various price points and percentages for many firms such as Zenith, Wrigley, Xerox and Westinghouse among dozens more.
New York Times Weekly Index of Business Activity Dips
The Times index fell to 332 last week from 333.6 with a year ago reading of 315.6. A table lists the index and its components adjusted for long term seasonal trends. Iran.4 Dec.28 Jan.6
MENTIONED IN THIS ARTICLE
New York Times News Service
NEW York
New York Times Weekly
Two Unions Win Pay Hike Across Western Pennsylvania
The Contractors Association of Western Pennsylvania signed three year contracts with Carpenters Local 2274 and Laborers District Council, covering 33 counties. Carpenters gain 1.80 per hour on 5.48, affecting about 1,100 workers. Laborers gain 1.40 per hour on 4.10, affecting about 15,000 workers.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPI
Contractors Association of Western Pennsylvania
Carpenters Local
Laborers District Council For
Western Pennsylvania
Pennsylvania
Solar Mining Co Sues UMWA for 1 Million Over 1967 Strike
Solar Mining Co of Somerset files federal suit against United Mine Workers of America for 1 million dollars in damages claiming the union blocked mine entrances during a 1967 strike that spread across six states, idling 80 000 miners, with 300 000 for property and 700 000 for punitive damages. The company says the union was found to have unfair labor practices by the NLRB and coerced acceptance of terms of a national contract. The strike led to violence and mass picketing ended by Pennsylvania State Police amid many arrests.
MENTIONED IN THIS ARTICLE
Pittsburgh — Solar Mining Co
Somerset
Somerset County
United Mine Workers of America
the Solar Company
Solar
National Labor Relations Board
UMWA
Pennsylvania
Raymond P. Shafer
Rockwell Uniontown Plant Doubles Capacity and Growth
Rockwell Manufacturing in Uniontown expands to 187,500 square feet with a new foundry and plastics transfers. By 1966 the plant employed 508, supported by strong community ties and a 35 cent dividend in 1968. Willard F. Rockwell heads the company with a broad product line across 31 facilities.
MENTIONED IN THIS ARTICLE
Monongalia County
Greater
W. F. Rockwell Jr
Rockwell
East McKeesport
Elkton
Uniontown
Cut Your Own Taxes Book Offer By Tax Experts
The city newspaper announces a new book Cut Your Own Taxes written by tax experts and IRS checked. It costs $1 and buyers can access a personalized confidential computer audit service to review income tax returns. Order your copy today.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
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Uarco Inc
UGI Cp
UMC Ind
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Utah
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VSI Corp
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WebbDel Cp
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WsAirLine
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WsUnpf
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Younsy
YosStiDr
Zapata Nor
Zayre Corp
Zenith
Zurnind
Times Index
Iran
Solar Mine Firm
Rockwell’s
Sterling Faucet Co
Courtney C. Shenkle
Sam W. Brown
Don N. Stitt
Willard F. Rockwell
Willard F. Rockwell Jr
Clark Daugherty
Frank P. Maxwell
Morgantown
Adams ST
Fairmont, W. VA