Word: rails
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Dates: during 1950-1959
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...Herter '15, alarmed at the merger, conferred yesterday with William J. Cunningham, the author of a 1930 study against a linking of the two roads. Herter said last week that he objected to the possibility of non-New England financial interests gaining potentially monopolistic control over New England rail transportation...
...SHAKE-UP will be recommended in a Cabinet committee report going to the President this month. The Committee wants the President to ask Congress for a complete overhaul of ICC rules and policies to do away with red tape (TIME, April 5), give rail and highway carriers more freedom to set their own rates, and allow railroads to cut out money-losing passenger lines without the necessity of getting permission from state regulatory bodies...
Average Y. Market. What did the new high in the average index mean? Said one Wall Streeter: "The Dow is back to 1929, but I don't know whether the market is." Some of the other indicators showed just what he meant. The Dow-Jones rail average, though at a high for the year (up 2.55 points last week to 132.27), was still almost 60 points below its 1929 peak; the utility average (up a fraction of a point to 60.75) was more than 80 points below its high. Among other standard Wall Street guides, there were similar discrepancies...
...International Business Machines jumped 21½ points to 340, an alltime high. On one day when 3,720,000 shares were traded, New York Central accounted for 4% of the activity, closed the week at 24, up 3½. By week's end the Dow-Jones rail average had tacked on six points (127.65), and the industrials were up a fat eleven points, to a new bull-market high...
Rentzel plans to build Slick into an air-truck line, with a plan to truck goods from New York to Chicago, then fly the cargo to the West Coast. Combined air-truck freight would go across the country in two to three days, compared with eight to nine by rail freight, at an air freight rate somewhere between present air and rail charges...