Word: accesses
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Dates: during 1960-1969
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Tough Competition. Merger of the Nickel Plate and the Norfolk & Western would give the N. & W. access to the Great Lakes, and create a network stretching from St. Louis, Chicago, Cleveland and Buffalo to the Pocahontas coal region of the Virginias. The merged roads would rank among the nation's top ten, have a 4,964-mile network with assets of $1.4 billion. Under the terms of the merger agreement, one share of Nickel Plate common would be exchanged for .45 of a share of Norfolk & Western. Since the two lines do not now link, the merger is contingent...
...majors deny any collusion in setting gasoline prices, insist that prices are uniform only because they all have access to the same sources of crude, pay roughly the same costs to get oil from the well to the pump. But there are few successful challengers to their dominant price-holding role. Independents occasionally force the majors to lower gasoline prices at the pump, as they did recently in West Germany. But they do not have the world wide refining and marketing facilities for a heavy offensive, often cannot offer customers a sustained flow of oil at the same price...
...Dionne quintuplets, by calling long distance to Callandar, Ont. After the Lindbergh kidnaping, Reutlinger was the first newsman to reach Colonel Lindbergh in Hopewell, N.J.- by long distance telephone. But he persistently denied a rumor that he once posed as President Harding - over the phone, of course - to gain access to some information he wanted from the White House: "I believe in honest journalism," he said rather injuredly...
...major problem: its own management. By buying the wrong equipment, pushing its debt too high, expanding without careful study, Capital has been in competitive trouble for years and usually looked to CAB for help. The last time was in 1958, when CAB bailed out Capital by giving the line access to the lucrative Florida market, with a run from Buffalo. Cleveland, Pittsburgh, to Jacksonville and beyond. Object of the move: to keep Capital off subsidy for all time. Yet the line could not make the long-haul run pay off. Its year-round traffic estimates were too optimistic: its stations...
...talented painter, a graceful athlete. Last week she learned that she is also an heiress. Mrs. Whitney, dead at 82 last February, left Joannah nearly all of her considerable wealth. Chief legacy: an estimated $1,000,000-plus trust fund, guaranteeing a handsome life income to Heiress Clapton, plus access to the principal in "emergencies" after...