Rail mergers seen as tool to curb losses in transport rivals
The piece surveys how railroad mergers, though exempt from general antitrust rules, face ICC scrutiny and DOJ objections. It details the Norfolk & Western and Chesapeake & Ohio plans to form a large system, estimates savings near a billion dollars, and notes the push to reduce East Coast rail operators from three to two or three major lines.
MENTIONED IN THIS ARTICLE
New York
ICC
Norfolk & Western
Son
Chesapeake & Ohio
N&w-C&o
Coaster
Northern Pacific Great
Northern Burlington
Mer Ju ‘Ger
Pennsylvania
New York Central
Penn - Central
C&o
B&o
Pennsy
Central
Seaboard Air Line
Atlantic Coast Lane
Jin
Southern Railway
Supreme Court
Chicago
Southwest
Mississippi
Missouri
United States
Congress
Medicare sparked drug stock talk and bonds query
Readers discuss investing in drug stocks like Parke Davis under Medicare, favoring generic drugs and noting Parke Davis reliance on Chloromycetin with patent expiry in 1966. The column also covers corporate bonds, bank notes, and rail merger trends across regions with historical context.
MENTIONED IN THIS ARTICLE
Montana Power
Medicare
Parke
Davis
Parke, Davis
Merck & Company
Turnpike awards oil firm contracts
The Ohio Turnpike Commission awarded contracts to operate service stations at 16 plazas on the Turnpike. Texaco Oil Co submitted the highest bid for eight contracts but could receive no more than two. New terms include per gallon payments, diesel and service revenue shares, and requirements for flags, trailer parking, dual pumps, radio, maintenance, and monthly heating/air costs.
MENTIONED IN THIS ARTICLE
Columbus
UPI
Oho Turnpike Commission
Ohio Turnpike
Ser
Texaco Oil Co, Inc
United States
Ohio
Commission
Sinclair Refining Co
Shell Qul Co
The
Texas Co
Pure Oi Co
Cities Service Oil Co
Texas
Socony Mobil G1 Co
Gulf Qu Corp
Atlantic Refining Co
Buying power requires more income to maintain value
A 1949 couple with two children earning 3000 annually paid 344 in federal taxes leaving 4856 spendable. To retain same purchasing power in 1965 this couple would need about 6780 annual income, reflecting rising taxes and living costs cited in Finance Facts.
MENTIONED IN THIS ARTICLE
Washington
UPI
Service personnel profiles Moffett and Posen Eckenroad
Army Ple Wasne Moffett undergoes three weeks of intensive field training at Wildflechen in the Rhine Mountains West Germany with live fire exercises to gauge combat trends. He is the son of Theodore and osoby Moffeth of Amherst and entered the Army in December 1962. Marine PFC Robert Posen, son of Vic and Mrs Irwin Eckenroad, is en route to Okinawa for a new duty assignment after basic training at Parris Island and stations at Camp Lejeune Camp Pendleton.
MENTIONED IN THIS ARTICLE
Army Ple Wasne
Moffett
Wildflechen
Rheen Mountains
West Germany
Theodore
Moffeth
Quarry
Amherst
South Amhersat High Schnel
Bain Taining
Fort Jackson SC
Robert Posenroad
Vic
Irwin Eckenroad
Denson Ave
Okinawa
Eckenroad
HW Company
2Nd Battaton Furst Marine Desision
Pacifie Fleet
Parris Island
Camp Geer NC
Camp Pendleton
Calif
Piyrta High School
Steel output drop expected in anticipation of settlement
New York reports steel output is expected to fall this week as a settlement is anticipated and a rational strike is feared. Last week’s drop was 43 percent from the prior week and producers foresee only a moderate leveling of production for October deliveries due to strong economic activity.
MENTIONED IN THIS ARTICLE
New York
Howes
Mans Milly
Sweden studies yearlong leave for professionals
The Swedish Confederation of Professional Associations aims to allow graduates to take a year off to work in commerce, industry, and public service abroad or at home. The plan seeks sabbatical-style leave, balancing academic and professional careers while preserving career progression.
MENTIONED IN THIS ARTICLE
Munich
Poland
East Germany
Czechoslovakia
Hungary
Stockholm
Amer
Sweden
Europe
Swedish Confederation of Professional Associations Trade Organization
Coverage increases for surgical expenses in health plan
New York report from the Health Insurance Institute shows covered persons rising from 86 million to 139 million last year, as surgical expense coverage expands across plans and populations.
MENTIONED IN THIS ARTICLE
New York
The
Health Insurance Institute
Also Mentioned on This Page
Ba Elyria
Lorain
Medina County Area
By Fred B. Stauffer
Interstate Commerce Commission
Department of Justice
Chase Manhattan Bank
Spear
Ems
Call Jim Corcoran
United Cleaners
Mendes Court Fairfax
Elyria
Bill
Park Avenue
Bill Wicselland
Angelina’s Pizza
Cleveland Street
Emerson
Lake Avenue
Fairfax
Oberlin Rd
Stoney’s
Church Street
Yukon
Swart
Commerce Court
Foster Park Rd
Ph. Lorain AV
Carl Harbert
Brandav
Carl Warrert
William G. Rohkdana
Volkswagen
CRUM
SOHIO
Pearl Ave
17Th ST. Lorain
Hertz Rent-A-Car
Sunoco
Middle Ave
Maple City
Olena
R.O
Norwalk
Jacqueline Tilley
Salem
Everett M. Dirksen
Senate
U.S. Capi
Tol
Miss Tilley
Nancy Taylor Schools
Columbus Business University
Turnpike
Sommer
Omo
Eivrin
ATTEN
Sibley Roofing & Sheet Metal Inc
Chestnut Street
Ohlo
Milan
Ming
Triwaka Sorson
Sundava Law In & Pee
Collins Auto Parts
Cleveland
LAMCO
Lorara Aluminum Manufacturing CO
Derek Road
Taratn
Onin
Red
LaGrange, Ohio
Wanueacturer
Aticas
Virgil’s Cabinet Shop
I, Sohio
Brahe Atlas Tires
Waieeit
Glarante
Hey van Cone
Culligan of
Flyria
Yorkshire Ct
Cherry Knoll
Y OU
Smale
Ghia Fairfax
Ae Valle Ey Fort K Peace
Randy Payne
Simca Sales Pu Ee
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