Word: yorks
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Dates: during 1960-1969
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Still, Natomas for months has been one of the most wildly gyrating stocks on the New York Stock Exchange. From an early 1969 low of 34⅛, it climbed to a June high of 130½. In July it fell back into the 70s, then swiftly rebounded. An announcement by company officials that they are "formulating plans" to begin exploratory drilling off Sumatra by year's end sent the stock up 101 points in one day early last week, to 106⅜. It closed Friday at 101⅜−or about 85 times Natomas' 1968 earnings...
...chises 67 hotels and inns in 56 U.S. cities, currently has an oc cupancy rate 10% above the industry-wide average of 61%. More remarkable, that occupancy level has been reached despite a 21% advance in Hilton's average room rate from $16.43 to $21.27. On the New York Stock Exchange, Hilton shares have reflected the company's fortunes by leaping from 7⅛ in 1966 to 57½ last week - a gain...
...purchase of housekeeping items under a subsidiary, Hotel Equiment Corp., he saved the parent company money on everything from carpets to cutlery. He reduced the size of hotel payrolls and, to save capital while expanding, formed partnerships with other investors to build Hilton hotels in such places as New York, San Francisco and Hawaii...
Telephone company officials readily admit that service has been poor, and blame many of their problems on the "unprecedented" growth in the tremendous demand for telephone service in the past 20 months. In an effort to over come deficiences, New York Telephone last month began bringing in an emergency force of 1,500 workmen from other parts of the U.S. "Our pride has been hurt," said William Sharwell, the company's vice president for operations. "We won't rest easy until service is good everywhere for everyone...
Nowhere have the sounds of outrage been heard more frequently than in New York City, where giant Consolidated Edison Co. has blamed conservationist opposition to its expansion plans for its difficulties in meeting growing demands for electric power (see ENVIRONMENT). Last week consumer wrath fell in almost equal measure on the New York Telephone Co., second largest in the Bell System. At a hearing called by the State Public Service Commission to investigate complaints of poor service, witnesses railed about everything from Manhattan's grossly overloaded Plaza 8 exchange to pay telephones in which the only working parts seem...