Word: trailered
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...rebels was the fact that the market value of Penn-Texas stock has slumped from this year's high of $19.62 to last week's $12.37. Charged a leader of another dissident group, Attorney Alfons Landa (who is also chairman of the executive committee of Fruehauf Trailer Co., and holder of 1,400 shares of Penn-Texas): "This case is alarmingly similar to Sydney Albert's Bellanca [TIME, Oct. 22]. In Bellanca, Albert had a whole safe full of unissued shares, which he traded for shares of other companies to gain control of them." Answered Silberstein...
...biggest piggybackers, the Pennsy and the New York, New Haven & Hartford, have elaborate cooperative programs to handle truck-company trailers as well as their own, provide such economical service that more and more highway companies are putting . their trailers on flatcars for trips of 500 miles or more. Drivers' wages (as high as $175 a week), highway taxes and equipment costs are so steep that some truckers are thus able to snip as much as 9? per mile from their 30?-per-mile highway costs. By going piggyback, says the Rail-Trailer Co., which solicits business for the railroads...
...trouble, say truckers, is that piggyback's impressive savings may prove their undoing. They fear that while short-run profits may rise, piggybacking leaves the door open for railroads to steal away bigger and bigger chunks of the freight market with their own trailer fleets. Says the Pennsylvania Motor Truck Association, some of whose members look on piggybacking with a jaundiced eye: "Let's say the ABC trucking company operates a fleet of 1,000 power units and 1,500 trailers from the Midwest to the Eastern seaboard. Then the company decides to use piggyback. It disposes...
Meredith's newest idea is mortgages on automobile house trailers. Though many bankers consider trailer owners poor risks, Meredith argues, "Most of them are pretty solid-a lot are retired people who want to travel a little, and a lot are skilled and highly paid workers who have to go from one job to another.'' In 27 months National Life has lent $15 million at 5% and 6%. Total loss to date: $75. Says Meredith: "You have to keep up with modern developments...
Assignments came easier then. In 1953 Sadovy won a Vogue contest for fashion photographers (though he had never taken a fashion picture before). He married an English girl, became a British subject. Last year the Sadovys moved to Paris, set up living quarters in a trailer. When LIFE needed an extra hand in Budapest, Sadovy's knowledge of Czech, Polish and German, plus his excellent shots of Moroccan fighting a year ago, gave him the assignment. The troublesome part of the job in Budapest, he found, was that "the tears kept running down my face...