Power Firms Merger Approved in Western New York
State Department of Public Service announced approval of a three company consolidation in the Niagara Hudson system forming Buffalo Niagara Electric Corp with assets near 125 million dollars. The merger unites Buffalo Niagara Electric Corp Niagara Lockport Ontario Power and others under a holding structure with 15 western and central New York counties as customers. The new entity would own Niagara Falls Power Co and Canadian Niagara Power Co and oversee related subsidiaries.
MENTIONED IN THIS ARTICLE
Science
Albany
Niagaré-Hudzon Power System
State Department of Public Service
Niagera-Hudsor
PSC
Agid
Niagara-Hudson Swontd Res Fic Centre
Central New York Power Corp
New York Hower’ and Light Corp
Buffalo
Niagara Fleetric Corp
Niagara Balls
Hatavia
Olean
Niagara, Lockport, and Ontario Power Co
Lockber
Newfane Power and Water Supply Co
Buffalo, Niagara and Eastern Power Corp
Companien
Wheck
New Corporation
Niagara Fells Power Co
Canadian Niagara Power Co
Lid
Gorge View Park, Int
Che
Unified Niagara area utilities plan outlined by commission
A US-page memorandum by Commissioner Maurice C. Burritt details conditions for final unification of Niagara Junction Railway Co and three Niagara subsidiaries under Buffalo, Niagara and Eastern Power Corp. The plan lowers new common stock to 22 million, creates 31.363 million unearned surplus, delays refunding at lower dividend rates on 35 million dollar preferred stock, and earmarks 8 million of 9 million earned surplus of Niagara Falls Power Co for adjusting deficiencies. The consolidated cap structure would be 20 percent common, 27 percent preferred, 53 percent debt, with share distribution set by the SEC.
MENTIONED IN THIS ARTICLE
Niagara Junction Railway Co
Niagera, Loc
Port Gid Ontario Power
Cot Tree Hydraulic Race Co
Lower
Niagera River
Niagara Falls Power Co, Ve
Burritt
Niagara Hudson Power Corp
Securities and Exchange Commission
P. S.C
Gress Trial Continues in Rensselaer Supreme Court
The Gress versus Boehringer automobile collision case proceeds in Wynantskill with Justice Gilbert presiding. Consolidated actions seek damages of 5500 for Gress and 1600 counterclaims for Boehringer as the May term nears its end and six cases remain on the calendar.
MENTIONED IN THIS ARTICLE
Supreme Court For
Rensselaer
Gilbert
Schenex
Actton
Catherine BR. Gress
Boehringer
Wynantskill
Gress
Carter & Cowboy
Charles J. Ranney
Boehringer Hes
Murphy
Aldrich
Guy & Broderick
Morris Simon
Henry S
May Begin in Few Weeks for Nazi War Trials
Justice Rotem H. Jackson said proceedings against principal Nazi war criminals would likely start in a few weeks, but a firm start date awaits agreement among the Allied powers on the international tribunal details. He noted no delay in pursuing American wartime atrocities cases such as Malmedy and the execution of airmen, to be prepared by the judge advocate general's office.
MENTIONED IN THIS ARTICLE
Paris
Rotem H. Jackson
Chtef
United States
Britain
Soviet Russia
France
International Militars Tribunes
Jackson
Supreme Court
Truman
Dhe
Germany
International Tribunal
Judge Advocate General's Office
Jacosos
Jeck- Som
San Francisco
Jatkeon
Wer
2St
U S Plans International War Crimes Tribunal
United States officials discuss preparing prosecutions against Nazi leaders for international crimes. They expect a postwar tribunal with its own structure, possibly created at a San Francisco framework, though differences among allies persist.
British Liner Queen Elizabeth Nearly Sunk by Haze Wave
London reports a massive haze incident damaged the 85 000 ton Queen Elizabeth liner. A huge wave crumpled iron stanchions and lowered all five decks 22 inches nearly sinking the ship. A London dispatch notes the peril and ongoing salvage concerns.
MENTIONED IN THIS ARTICLE
Haze Ware
London
INL
Jap submarine sinkings claim vast wartime tonnage
The report cites Admiral Nimitz stating from December 1941 to May 5, 1944 American forces sunk 235 Japanese warships including four carriers nine cruisers and 53 destroyers as part of a broader tally of maritime losses.
MENTIONED IN THIS ARTICLE
Nimite
Nimitz
Americas
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Lewis J. Valentine
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