Oneida Plans up to 50 Million Expansion Program
Oneida Ltd says it will spend up to 50 million dollars over five years to expand capacity. The plan includes 7.3 million for the Sherrill plant and 3.1 million for Camden Wire. John L. Marcellus Jr. announced the program at the 100th annual shareholders meeting in Sherrill amid record first quarter earnings.
MENTIONED IN THIS ARTICLE
Oneida Ltd
Sherrill
Camden
John L. Marcellus Jr
Oneida
Marcellus
Mexico
Niagara Falls
Canada
Seattle
Wash
Attleboro
Mass
Pierrepont T. Noyes
David EB. Harden
Harden Furniture Co
Dollar eases versus currencies as gold and productivity rise
The U S dollar weakened against most majors after an earlier gain against the yen. Gold and silver prices edged higher with London bullion houses and Zurich quotes up, while New York gold and Comex silver posted gains. U S productivity rose 4.3 percent in Q1, steel orders softened, and high rates curtailed bond sales. Pay’s Drug Co. annual meeting set for June 5 in Hotel Syracuse with director votes and company plans on the agenda.
MENTIONED IN THIS ARTICLE
U.S
Tokyo
Europe
London
Zurich
New York Commodity Exchange Inc
New York
Comex
Pay's Drug Co
Hotel
Syracuse
Peter E. Rhodes
Pneumo stock sees unusual activity amid defense links
Pneumo Corp. executives deny known reasons for recent stock surge at the Boston parent of P and C Food Markets and Carls Drug Co. About 59,000 shares traded over two days with the price rising. President C. L. Peccherino cites defense oriented issues as a possible factor and notes Pneumo makes aircraft landing gear and aerospace equipment. Reports of potential mergers have circulated in the past two years, including a rejected $180 million bid from LTV Corp.
MENTIONED IN THIS ARTICLE
Pneumon Corp
P&c Food Markets
Carls Drug Co
Pneumo
C. L. Peccherino
The
Herald-Journal
LTV Corp
Dallas
Columbian Rope Considers Move From Auburn
Columbian Rope Co with over 75 years in Auburn will decide within two months whether to relocate to a Sunbelt site. Officials cite lower Southern labor costs and distance to Gulf Coast markets, while local groups pledge support to keep the plant in Auburn. A meeting with state Commerce officials is planned next week.
MENTIONED IN THIS ARTICLE
Auburn
Columbian Rope Co
Central New York
State Commerce Department
Norman E. Woonton
Woonton
Wright Avenue
O'Connor
Erwin G. Schults
Greater
Syracuse
UAW Intervenes in Local 6124 NPG Dispute Over Imported Workers
The international UAW moves to intervene in UAW Local 6124’s lawsuit against New Process Gear in U.S. District Court in Syracuse over allegedly imported laid off Detroit auto workers. The international backs NPG, arguing the local lacks authority to challenge a ratified agreement provision. Local 624 seeks an injunction blocking further imports while the matter is arbitrated.
MENTIONED IN THIS ARTICLE
Dale Kasler
International Union of
United Auto Workers
UAW
New Process Gear Corp
the International
New Process Gear
U.S
Syracuse
Local 624
Chrysler Corp
NPG
Detroit
Chrysler
International Uaw
The
International
John Courcy
M. Jay Whitman
Courcy
Whitman
UAW International
Courey
Jules Smith
Smith
Cathey
John Gear
New York
Read Every Word Before You Sign Life Insurance Forms
A safety minded guide warns that insurers rely on your signatures and that examiners cannot waive questions. It urges full, precise answers, caution against casual recalls, and calls for reading every word, verifying any examiner guidance, and contacting headquarters with questions to protect policy validity.
MENTIONED IN THIS ARTICLE
Home Office
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Business Digest
United States
Labor Department
Sony Corp
Philips
Fay
New Orleans
By Sylvia Porter