Raise Granted. The Civil Aeronautics Board granted a 35% mail-rate boost to five major domestic airlines—American, Eastern, Northwest, T.W.A., and United. For all but American the boost was retroactive to Jan. 1. American had not asked for a boost, let alone a retroactive one, but CAB decided it should have the increase anyway. The new rate schedule would give the lines another $5,271,000 in revenue this year.
Smoke, No Fire. Those who expected a proxy fight at American Tobacco Co.'s annual meeting were disappointed. George Washington Hill Jr., who resigned in a...
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