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Newspaper
The Mountain Statesman
Location
Grafton, West Virginia, United States of America
Date
Dec 30, 1976
Page
10
New York AP reports a dramatic one month swing in views of the economy from bleak to encouraged as analysts note oil prices revisions, stronger retail sales for October and November gains, and more accommodative monetary policy.
WVU receives federal fellowships of 3000 dollars plus 504 per dependent for four students, with 3000 to cover tuition and conference costs. The program trains graduates for state and local government roles and notes expanded internships and government collaborations.
The Chesapeake and Ohio Railway awarded to a syndicate led by Bache Halsey Stuart Merrill Lynch First Boston an issue of 15 million principal amount of Equipment Trust Certificates, subject to ICC approval. The 7% bonds were bid at 100.8589 for a net interest cost of 7.2223, dated November 1, 1976 and maturing over 15 years. This is the second and final installment of the 1976 trust to finance up to 80 percent of an estimated 37.5 million cost for 955 coal hopper cars and 300 coil steel gondola plus 300 hopper cars built at C&O shops.
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