Prices of Major Appliances Drop as Sales Increase
Chicago report notes wall street journal data show appliance sales rising fast while prices fall due to excess capacity and fierce competition. January shipments up to 22 percent for refrigerators and 12 percent for clothes dryers, with retail prices hitting 17 year lows as manufacturers and retailers cut marks. Industry executives from Kelvinator Coast-to-Coast Stores and Frigidaire discuss price cuts and merchandising models reshaping the market.
MENTIONED IN THIS ARTICLE
Chicago
Wall Street Journal
H. B. Price
Virginia
Household Finance Corp
Sol Polk
General Electric Co
Westinghouse Electric Corp
Mort Farr
Philadelphia
Farr
Norge-Westinghouse-Ge
Frigidaire
General Motors Corp
Jack Chesterman
John Breune
Er Co
California
Price
Gibson
Hupp Corp
Cleveland
Kelvinators
American Motors Corp
Amana
Amana Refrigeration, Inc
Iowa
Kelvinator
Edmund Barnes
Jobs crisis looms as 26 million youths enter 1960s market
Economists warn 26 million young people will enter the U S labor force between 1960 and 1970 and not enough jobs exist. Unemployment among teens stands at 15 6 percent, while labor officials call youth unemployment a major domestic issue. Experts urge a larger economy and a Youth Conservation Corps to address the shortage.
MENTIONED IN THIS ARTICLE
Eli Ginzberg
Conservation of Human Resources Project
Columbia University
National Manpower Advisory Committee
Ginzberg
U.S
Kennedy
United States
W. Willard
Wirtz
Congress
Youth Conservation Corps
Civilian Conservation Corps
James B. Conant
Harvard University
Sergeant missile to replace Corporal in European units
The Army will send its first Sergeant missile to European units this month. A 75 mile range solid fuel rocket, the Sergeant is a scoot and shoot weapon that fires in minutes and moves out quickly, replacing the slower six hour prep Corporal. The weapon is 34.5 feet long, 31 inches in diameter and weighs five tons.
MENTIONED IN THIS ARTICLE
Washington
Army
Europe
Defense Department
U.S. Industrial Production Rises in February 1963
Washington AP reports February industrial output matched January and rose about 3 percent from February 1962. The index reached 119 percent of the 1957-59 average with finished products higher than recent months. Iron and steel gains offset by declines in other materials. Automobile assemblies poured light
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Bands Play On as Jazz Sparks Debate in Soviet Union
In Moscow and across the USSR musicians push Western jazz amid party leaders’ disapproval. Dancers crave hot American tunes while officials regard them as decadent. A Moscow band notes jail and job risk for persistent jazz practice, yet audiences keep listening and dancing.
MENTIONED IN THIS ARTICLE
Moscow
Benny Goodman
U.S.S.R
Glinka
Shostakovich
Prokofiev
Chaikovsky
Leningrad
Solovie Sedoy
Secret Service not secret at all says chief Rowley
In an interview Chief James J. Rowley of the U S Secret Service argues the agency is not cloak and dagger and operates openly to protect presidents and educate the public on counterfeiting. He recalls Vienna 1961 and notes 350 agents in Washington plus 64 field offices.
MENTIONED IN THIS ARTICLE
White House
Kennedy
Nikita Khrushchev
Khushchev
Rowley
United States
New York City
Bronx
Secret Service
A.E. Baughman
Wley
Service
Washington
Central Intelligence Agency
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Main St
Bennington, Vt
Men’s & Boy’s
North Adams, Mass
Communist Party
Tiflis
Osmk
Tomsk
Edward J. Gurney
R-Fla
Cape Canaveral
Florida Missile Site
House Science and Astronautics Subcommittee
D. Brainerd Holmes
National Aeronautics and Space Administration
Complex 39
Acousticon
Albany
State Street
Albany, New York
Division of General Hearing Aids, Inc
Main Street
Montpelier
Vermont Transit
Washington Ave
Tokyo
Ueno
China
A&p
Ekma
Swift
Florida Peppers
Haddock
Cap'n John
Bartlett Tre
Victory
Cauliflower
Oene
Plaid