Word: rails
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Dates: during 1950-1959
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Good news also came from Washington. The rail relief bill (TIME, May 5) rode through the Senate, and a similar bill unanimously passed the House Commerce Committee. Both bills 1) provide for the U.S. to guarantee private loans to the rails (the Senate set a $700 million limit, but the House set no ceiling), 2) give greater power to the Interstate Commerce Commission to reduce service on money-losing routes. 3) tighten up on truckers now exempt from ICC rate regulations. Since chances seemed good that a relief bill would become law within a month, almost all major rail stocks...
...nowhere to win the Peter Pan Handicap just the week before. And suddenly it was Cavan who was getting a call. Aboard the favorite, worried Jockey Ismael Valenzuela went to the whip. Tim Tarn wobbled badly. His fine stride suddenly looked awkward; he was in trouble. Snug on the rail, Cavan was reaching out and running away. The liver-colored Irish import breezed under the wire with ears pricked, winning by an easy six lengths...
Back in Chicago this week in his familiar Cathedral of the Holy Name on North State Street, the body of the Bishop of Charity lay in state on a black-draped catafalque before the altar rail, while thousands upon thousands of the humble people who were Samuel Stritch's special concern moved quietly past...
...RAIL-RELIEF BILL has passed Senate Commerce Committee, stands very good chance of riding through Congress and being signed into law this summer. Under bill, rails will get new tax breaks, more freedom to eliminate red-ink routes, credit pool of up to $700 million backed by Government...
BIGGEST DIVIDEND increases paid to stockholders this year have come from financial companies (payments up 39% from year ago), office-equipment makers (up 20%), shipbuilders and ships operators (up 15%), retailers (up 12%). Biggest drops came in mining (off 24%), textiles (off 24%), railroads and rail equipment...