Economic Hope Shaken By Income Rise
The Nixon administration faced a wavering economic outlook as personal income rose slowly and industrial output fell in February. The cost of living increased 0.2 percent in February, the smallest two month rise in four years, while the Dow hit new highs. Ralph Saul announced his resignation as president of the American Stock Exchange to join First Boston Corp. in a leadership move. In political business notes, a Philadelphia US attorney reported over $1 million in Penn Central freight cars stolen last year and diverted via LaSalle & Bureau County Railroad in Illinois.