Speculation on Allegheny Lake Central merger hints new transcontinental airline
Corporate circles discuss a possible merger of Lake Central and Allegheny with Continental Airlines as a future cross- country carrier. A two year timeline is suggested for a nationwide consolidation led by Bass Interests of Dallas Fort Worth, with Morgantown Airport upgrades and gate changes at Washington National. Two coal firms consider a 30 million ton mine deal, while Wall Street focuses on ABC, mergers, tax surcharges, and rate cuts by AT and T.
MENTIONED IN THIS ARTICLE
Allegheny
Lake Central Airlines
Continental Airlines
Denver
Hart
West
Southwest
Dallas
Los Angeles
Pacific
Lake Central
Bass Interests
Dallas-Fort Worth
mid-America
United States
St. Louis
Continental
Washington National Airport
Wall Street
West Virginia
Joel M. Hannah
Morgantown Area
Allegheny Airlines
Montgomery Ward
Container Corp. of America
Humble Oil and Refining
Alantic Richfield Co
Far Northwest
Alaska
U.S
Wilbur J. Cohen
Department of Health, Education and Welfare
Fedders Corp
Norge
Borg-Warner Corp
American Telephone and Telegraph
Federal Communications Commission
Week in Finance Declines Reverse on Stock Market
The stock market reversed its three week decline on the eve of a four day holiday. The Dow rose to 903.51, the NYSE composite 56.88, and the Standard & Poor's 500 to 100.91. Volume stayed high at about 13 million shares daily over three sessions.
MENTIONED IN THIS ARTICLE
New York
Jay Cooke & Co
Commerce Department
Statistical Indicators Associates
Britain
France
Standard & Poor
New York Stock Exchange
Coal Only Fuel Left For Future
Washington notes America s energy demand is rising fast and coal remains the sole reliable fuel. The National Coal Association says coal accounts for about 80 percent of proved fuel reserves and three quarters of likely future fuel, with US coal resources totaling 3.2 trillion tons including unexplored areas. DOE estimates 220 billion tons recoverable with current tech. By 2000 energy use could be 2.3 times 1967 levels.
MENTIONED IN THIS ARTICLE
Washington
America
National Coal Association
U.S
NCA
United States
US Geological Survey
Department of the Interior
Department of Interior
Expert predicts surcharge may influence conglomerates
New York based analyst Jesse Cherry of Research Institute Investors Service argues the tax surcharge is low enough to encourage conglomerates to expand. He predicts the policy could drive mergers and diversification as firms seek to capitalize on favorable tax conditions.
MENTIONED IN THIS ARTICLE
New York
Jesse Cherry
Research Institute Investors Service
Bache & Co. Expansion Slated For 100 Gold Street
NEW YORK Bache & Co Incorporated signs a 25 year lease for 355000 sq ft in the nine story Tishman Downtown Center at 100 Gold Street. The move, planned for May 1 1969, will house 1700 staff with automation and data processing equipment and is expected to grow to over 2000.
MENTIONED IN THIS ARTICLE
New York
Bache & Co. Incorporated
Niney Tishman
Gold Street
Wall Street
Brooklyn Bridge
Bache
PLC
Atly
United States
Soviets Ink Pact With Austria on Gas and Steel
Vienna reports a triple agreement in which the Soviet Union will receive 520000 tons of rolled steel from Austria for a Siberian large diameter pipeline and Austria will get natural gas via Czechoslovakia. The pledge follows Podgorny’s 1966 visit and hints at a broader pipeline to Italy and possibly France.
MENTIONED IN THIS ARTICLE
Vienna
Soviet Union
Austria
Siberian
Czechoslovakia
Nikolai Podgorny
Italy
France
Also Mentioned on This Page
Sy Jo
Ad G. Fusco
Morgantown
Preston County
Big Business
Thomas E. Mullaney
New York Times
Kingwood
Monongahela Power Co
Cecil McVay
Samuel Catlett
Lawrence P. Sperandio
William P. Zopfi
Mervin E. McCabe
Charles F. Liller
Morgantown Electrician
William E. Camp
Howard A. Wade
Claude C. Manier
Zopfi
Liller
Cherry
F.&m
Farmers’ & Merchants’ Bank
Morgantown, West Virginia
Member
Federal Deposit Insurance Corporation
F.gm
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