Hammermill Acquires Manning Paper Plant in Green Island
Hammermill Paper Co of Erie Pa buys Green Island John A Manning Paper Co plant with assets valued over 10 million. Manning firm confirms sale and Hammermill says Green Island facilities will expand and add workers. Troy Area plant employs 325 and Manning posted about 10 million in 1968 sales.
MENTIONED IN THIS ARTICLE
Green Island
John A. Manning Paper Co., Inc
Hammermill Paper Co
Acquisi
Tion
Hammermill Concern
Erie, Pa
Manning Company
Manning Corporation
Hammermill
Troy Area
Manning
Hammermill to Acquire Mans Manufacturing Assets
Hammermill will buy Mans Manufacturing assets in exchange for 90 900 shares of its Series A preferred stock. The deal awaits a favorable tax ruling now received from the federal government. Series A stock carries a $5 annual dividend and is convertible into Hammermill common at $38 per share with a $100 redemption value.
MENTIONED IN THIS ARTICLE
Hammermill
Manning
Hammermill Common
Rockefeller seeks 300 million more for public schools
Governor Rockefeller announced a proposal for an additional 300 million dollars in annual state aid to public schools. He criticized the new federal tax reform as disastrous and linked his stance to restoring funds cut earlier in the year.
MENTIONED IN THIS ARTICLE
Rockefeller
Congress
Gov
Smithtown Aids Troy Snow Cleanup Ends Emergency
Troy says the city is on top of the snow crisis as Smithtown equipment departs after a 48 hour stay. City crews will return some gear to Smithtown while keeping others to aid Cohoes and Lansingburgh. The emergency remains in effect with salt supplies ready and garbage collection still limited. Governor Rockefeller viewed Albany snow operations and discussed federal tax changes and expected federal funds for next year.
MENTIONED IN THIS ARTICLE
Troy
Rensselaer County Civil Defense Office
Smithtown
Albany County Civil Defense Office
DPW
Rensselaer County Civil Defense Auxiliary Police
Charles Tillotson
Russell E. Sheehan
Troy Fifth Avenue Bus Co
Albany
Rockefeller
Albany County
Vietnam Front Action Blazes Across Dozen Spots
On the first full day of a Viet Cong truce in South Vietnam, fighting erupted in nearly a dozen locations. U.S. and South Vietnamese forces reported higher enemy deaths, with 177 enemy killed in total, while American troops counted 53 North Vietnamese killed in two Song Be area battles and two helicopter shoot downs.
MENTIONED IN THIS ARTICLE
Saigon
South Vietnam
U.S
Song Be
1St Cavalry Division
Tax Bill Signed Reforms Cut Taxes and Boost Social Security
President Nixon signed a broad tax reform bill that aims to curb tax dodging and cut taxes for most earners under $100,000. The plan projects a $2.5 billion annual revenue loss and calls for tighter spending. It also raises Social Security payments by 15 percent for 25 million beneficiaries starting in 1973, with a long term savings of about $170 for a typical four person family earning $7,500. The administration signals possible future tax adjustments to balance the budget.
FHA VA loan rate hike boosts to 8 percent
Washington AP reports the maximum rate on FHA and VA loans rises to 8 percent effective Jan 5 1970, up from 7 percent since Jan 24. Secretary Romney and VA head Johnson cite market yields and discounts as drivers while FNMA notes an 8.75 percent gross yield from recent auctions.
MENTIONED IN THIS ARTICLE
Washington
Housing
George Romney
Hous
Ing Administration
Donald E. Johnson
Veterans Administration
Romney
Louis R. Barba
Presi
Barba
Federal National Mortgage Association
FNMA
Storm Delays Israel-Bound Gunboats Near Haifa
A Mediterranean storm slowed five 147-foot gunboats heading for Israel from Cherbourg, hampering any interception by Egyptian ships. Observers on Cyprus could not locate the boats, expected to reach the Israeli coast soon, possibly Haifa, amid heavy seas and 40 knot winds. Jerusalem warned of fraying French-Israeli ties as Paris silent on the expedition.
MENTIONED IN THIS ARTICLE
Haifa
Israel
Mediterranean
Cyprus
Cherbourg
France
Jerusalem
Paris
Maariv
Haaretz
Egypt claims destruction of Israeli paratroop camp
Egypt says commandos crossed the Gulf of Suez under cover of darkness and destroyed an Israeli paratroop camp in the southern Sinai Desert with rockets. Israeli spokesman in Tel Aviv denies shelling any army unit or camp.
MENTIONED IN THIS ARTICLE
Egypt
Gulf of Suez
Sinai Desert
Tel Aviv
Suez Gulf
el Tor
Suez City
Cairo
Law On Open Housing Reaches Final Stage
The 1968 open housing law enters full effect on Thursday, expanding antidiscrimination coverage to about 34 million single family homes. Officials say combined with the Fair Housing Act and Supreme Court rulings, federal jurisdiction now covers sale rental advertising and financing of most housing. About 54 million units gain total administrative coverage, leaving roughly 15 million still excluded mainly homes sold or rented by individuals without a broker. Kenneth Holbert notes the exclusion is technical due to possible action under last year’s Supreme Court ruling.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Tal
Department of Housing and Urban Development
Kenneth F. Holbert
Office of Equal Housing Opportunity
Housing and Urban Development Department
Evening Drinkers Targeted In New Year's Safety Push
New Year campaigns aim to keep holiday drunk drivers off roads with free rides or rooms. Detroit hotels offer cab fare or a free night. Sacramento minibuses ferry imbibers home. Maryville police and coroner support free rides. Columbus taxi offers free service if keys are surrendered. Burlington Free Press surveys drivers with a financial information note to kin. coffee served free to motorists in several states.
MENTIONED IN THIS ARTICLE
Detroit
Sheraton-Cadillac Hotel
Sacramento
Calif
Maryville
Clifford Dotson
Burlington, Vt
Free Press
Model Cities Control Seen Job For City Hall
A presidential task force recommends giving City Halls more freedom to negotiate citizen roles in the Model Cities program. The Banfield chaired group cites federal overreach as a key problem in the urban renewal effort affecting 150 U.S. cities and has sent a secret report to the White House for possible use in drafting the State of the Union.
MENTIONED IN THIS ARTICLE
Washington
U.S
Edward C. Banfield
Harvard University
White House
Nixon
State of the Union
Also Mentioned on This Page
Bob Brier
Rocky
Ernor
By Leonard Stuart
L.I
J. Leo Quigley
Quigley
Cohoes
Rensselaer County Civil Defense
John J. Sanvidge
Boulevard
Lansingburgh
Senate
Earl W. Brydges
Assembly
Perry B. Duryea
Third
State Streets
Harry McKenna
Vietnam
Secretary of the Treasury
David M. Kennedy
FHA
Secretary of Housing
Veterans Administrator
Kgypt
United Press International
THE
Associated Press
Columbus
Ohio
Art Woods
Northway Taxicab Co
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