Industry adopts ethics steps to curb conflicts of interest
AP report outlines corporate moves to prevent conflicts of interest and antitrust violations. Jersey Standard Oil president Rathbone cited as urging explicit policies and annual signoffs by directors and executives. Controllers Institute of America recommends policy statements, conflict areas, surveys, and uniform procedures. About 2% million cubic yards of salt are removed from New York Harbor yearly.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business
NEW York
Inpany
Mea
Secretary of Commerce
Luther H. Hodges
Controllers Institute of America
Jersey Standard Oil
Boston
M. J. Rathbone
Jersey
Fear Of Inflation Sways Stock Market Yet Economy Hums
New York AP reports inflation fears boost stock prices while doubts remain over deficits and future tax policy. Analysts note steel prices may rise with inflation but say overcapacity and competition could limit broad hikes. Officials warn deficits loom if revenues fail to keep pace.
MENTIONED IN THIS ARTICLE
New York
Asj
Treasury Dell
Congress
Grain Acreage Cut 20 Percent Driven By Signups
Secretary of Agriculture Orville Freeman announced that emergency feed grain signups have exceeded the 20 percent reduction goal for corn and sorghum acreage. By May 19, about 20.6 million acres of the total 100 million acres were slated for idle status, with two weeks remaining. This program offers payments and price supports to farmers who retire at least 20 percent of their land.
MENTIONED IN THIS ARTICLE
Washington (Ap
Orville Freeman
Freeman
Recession Not Over For Oil Operators
Texas oil operators doubt the recession is ended as proration cuts push producing days to record lows. In 1961 only 44 production days were scheduled through May, with forecasts of about 100 producing days for the year. Output has fallen from a 1957 peak of 3.335 million barrels daily to around 2.2 million, hurting state revenue and worsening a fiscal deficit.
MENTIONED IN THIS ARTICLE
Max B. Skelton Houston
Texas
Schedle
Europe
Middle East
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Appelt Electric CO
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Church
Ralph Cain
Wolverton
Wooster Mr. & Mrs. W
OF the
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Attention Aid Democrats
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Jim Wright
Yarborough
Kennedy
Tower
Franklin Jones
Darrell Carter
V.P
Bernice Carter
Sec
Ita
Maurice Rentner
Br! Blass
Scientific Eye
Baytown
Texas Ave
Weingartens Shopping
Penneys
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Melody of
Penney
Penney’s
Dallas
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