Word: railways
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...welcome 768 scheduled special trains, Lourdes has repainted its railway station and put up a big neon sign combining the papal coat of arms, the arms of Lourdes, and those of the ancient local ruling house of Bigorre. As the town continues its face-lifting, the sound of church bells is drowned everywhere by the clang and bang of cement mixers and pneumatic drills...
Down & Up. Other industries presented an equally mixed picture. Copper was hard hit (see Industry). Southern Pacific Railway nudged its net up for the year with the help of a fourth-quarter rise in the oil industry, a 32% cut in Jersey Standard's fourth-quarter net (to 71?, v. $1.04 a year earlier) gave the world's biggest oil company its first yearly earnings dip in five years. Healthy fourth-quarter gains were run up by International Business Machines ($2.17, v. $1.86 in 1956), which had a record profit year, and Westinghouse Electric Corp. ($1.11, excluding...
...money and $3,000,000 put up by an associate, Allan Kirby. the 5-&-100 store heir. It took five more years of court fights before he was solidly in control. For his trouble, Bob Young got control of $2 billion worth of assets, including the Chesapeake & Ohio Railway, the Nickel Plate, Pere Marquette and Missouri Pacific. But in the intense strain of the battle, he also suffered a nervous breakdown. His sandy hair had turned white, and at 45 he looked 15 years older...
...Ernest S. Marsh, president of the Atchison, Topeka & Santa Fe, came out strongly against any Government subsidy for the railroads, was joined by spokesmen from other roads in the South and West, which do not have to cope with the commuter problem. Said Harry A. DeButts, president of Southern Railway: "I would hate to see any further Government control over the railroads...
...stores, reported that 72% look for 1958 profits to equal or exceed last year's record. The Commerce Department, in its annual survey of the nation's major industries, found "moderate optimism." Though it conceded that production declines are in store for autos, steel, machine tools and railway cars, it predicted that some of 1957's softer industries will snap back. Said the report: lumbermen should enjoy "a somewhat better year," copper and aluminum sales should prove stronger, and sales of agricultural equipment "should be up between...