Business: New Haven's Pelley

To U. S. railroads last week came another important 1929 shift of executives. Previous noteworthy changes involved the Southern Pacific. They were the retirement of William Sproale as president, succession of Paul Shoup to the presidency, and the resignation of Hale Holden from the Chicago, Burlington & Quincy to become chairman of Southern Pacific's (New York) executive committee.

Last week's alteration concerned the New York, New Haven & Hartford, which has been operating without a president since the resignation (Nov. 27, 1928) and death (Dec. 7, 1928)...

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