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Dark Cloud Lifts In Economic World
New York AP reports a three year national contract between Ford Motor Co and the United Auto Workers ends a major labor dispute, signaling potential economic strength as GM and American Motors already signed with the union and Chrysler awaits. Production aims to resume, while a single local Ford contract dispute remains. Auto output fell during the period, with September retail and nonfarm payroll figures showing mixed gains and steady demand for autos and durable goods.
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