Word: telegraphe
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Solid Base. The Dow-Jones blue chips, meanwhile, have been hammered by stiffening Government controls over the economy, worries that interest rates will go up, and uncertainty whether profits can continue to climb. American Telephone & Telegraph has slumped from 66⅞ to 61⅜ since the Federal Communications Commission six weeks ago announced a thorough investigation of its rates, and Alcoa has dropped from 74 to 66¾ since the Johnson Administration cracked down on aluminum increases...
...assortment of the nation's own version of noblemen and -women were eager to greet her. In San Francisco, Hello, Dollyl's Carol Channing showed up for an English-Speaking Union luncheon, and Bullfight Expert Barnaby Conrad graced an exclusive dinner given by Socialite Whitney Warren atop Telegraph Hill. Down at the Bistro in Beverly Hills, the banquet list of Hollywood aristocrats included Bob Hope, Frank Sinatra, Danny Kaye and a couple of Queen Elizabeth's loyal subjects named Burton. Margaret promptly upset her security guards in San Francisco by insisting on an unscheduled ride aboard...
...minds of the British voters before death or sickness cut his slim majority out of power. At no time in that campaign has he appeared stronger than he does now: the pound has steadied and the balance of payments deficit may be halved in 1966. The Daily Telegraph polls show Wilson leading the Conservatives by over 7 1/2 per cent. "He has established himself," one political commentator said last week, "as the Indispensable...
Though it is the world's biggest corporation, and earned $1.3 billion in the first nine months of 1965, the American Telephone & Telegraph Co. is not exceptionally profitable. Its return of only 8% on invested capital ranks it 43rd among the 50 largest utilities. By contrast, General Motors, which last week announced nine-month profits of $1.54 billion, the highest of any company ever, collects 22.8% on its capital. Reason for A.T. & T.'s modest return: as the nation's No. 1 private monopoly, it is sternly regulated and frequently investigated by Federal and state governments. Last...
...some services, too little for others. With its usual sympathy for Bell's smaller competitors, the Commission has been aroused by a complaint from Western Union that Bell is undercharging for services in which the two companies clash headon. A.T. &T. earns only 1.4% on the private-line telegraph service and 4.7% on the private-line telephone service that it sells to business in competition with Western Union, but gets a return of 10% on interstate telephone services which it monopolizes. The FCC will also investigate whether A.T.&T. pays unnaturally high prices for the equipment that it buys...