Word: loading
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Dates: during 1970-1970
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...rates would turn out to be the real thing rather than a temporary flutter. Last week they got a strong sign as the bond market passed a critical test. On a single day, New England Telephone and Telegraph and International Harvester simultaneously floated issues totaling $275 million, a financing load that in almost any week earlier this summer would have depressed bond prices and sent interest rates soaring again. Somewhat to the surprise of underwriters, nearly all of the bonds were sold promptly, and interest rates stayed down...
Passenger traffic is rising, but as new routes and jumbo jets add capacity, the critically important "load factor"-percentage of seats occupied-is dropping. The jumbos themselves are well filled and efficient, but they are drawing passengers from the smaller jets. In the first seven months of this year, TWA filled only 47.2% of its seats, down from 50.3% a year earlier; American's load factor in early 1970 was 49.6% v. 50.1% in 1969. Airline costs of all varieties are climbing at an accelerating pace. TWA's costs for rental and construction of ground facilities have gone...
...last of the load...
...loading took the better part of two days as the longshoremen, who boast they can load 100 tons an hour, secured one 64-ton crate every 20 minutes. This week, weather and the courts permitting, Le Baron will be towed to a point 238 miles off the Florida coast and scuttled in 16,000 feet of water...
...some businessmen, Rome's traffic commissioners have established seven "pedestrian islands" in historic locations like the Trevi Fountain and the Piazza Santa Maria in Trastevere. In these areas all motorized traffic is banned, and drivers must leave their cars on side streets. Shops, restaurants and cafes can load and unload trucks between 8 a.m. and 10 a.m., and 4 p.m. and 5 p.m. Most citizens are delighted: they can actually stroll safely about their famous squares for the first time in years...