Consumer confidence hints at major sales upturn
Industry forecaster J A Livingston argues consumer confidence signals a broad expansion in production and employment not a stock market boom. He notes high unemployment did not derail most families, with 1959 to 1962 income gains, rising auto sales, and a possible surge in appliance purchases, while warning inflation risks from wage talks could derail recovery.
MENTIONED IN THIS ARTICLE
U. S
Newsweek Magazine
National Industrial Conference Board
U.S
Women and finance take the helm after husbands' deaths
Sam Shulsky notes widows often lack access to family investments and warns of risk from secrecy. He calls for open discussion of portfolios and money matters. Julian G. Hupp, president of Hupp Electric Motors Co., was elected president of the West Side Civic Club at its annual meeting.
MENTIONED IN THIS ARTICLE
Julian G. Hupp
Hupp Electric Motors Co
West Side Civic Club
New York City Remains America’s Leading Manufacturing Hub
New York City continues to lead U S manufacturing with about 150000 more industrial workers than Chicago, the next closest metropolis.
MENTIONED IN THIS ARTICLE
New York
UPI
New York City
America
Chicago
Investment picks upbeat as Goodbody flags capital equipment
Goodbody & Co says time is right for new investments in selected capital equipment issues citing signs of business recovery. Favored buys include AMF, Babcock & Wilcox, Caterpillar, Chain Belt, Chicago Pneumatic, Cincinnati Milling, Combustion Engineering, Ex-Cell-O, Food Machinery, Gardner Denver, Harris-Intertype, Ingersoll-Rand, Joy, Mergenthaler and Worthington. Martin Gilbert of Van Alstyne Noel & Co expects AT&T probe fallout to fade quickly. Affiliated Fund, Inc. adds new positions in Amer ada and reduces holdings in American Cement, Atlantic Refining, Kimberly-Clark, RCA, Sinclair Oil. If banks in the Federal Reserve report higher investments, Dow could move higher.
MENTIONED IN THIS ARTICLE
New York
UPI
Goodbody & Co
Goodbody
AMF
Babcock & Wilcox
Caterpillar
Chain Belt
Chicago Pneumatic
Cincinnati Milling
Combustion Engineering
Ex-Cell-O
Food Machinery
Gardner
Denver
Harris-Intertype
Ingersoll-Rand
Joy
Mergenthaler
Worthington
Affiliated Fund, Inc
Amerada
Robbie Brooks
Borman Food Stores
Continental Oil
Permanente Cement
American Ce‘ment
Atlantic Refining
Union Pacific Shares Seen Promising By Analysts
The Auchincloss Parker and Redpath analysts note that major highs in the average since 1919 were preceded by a peak in the investment account of member banks. Paine Webber Jackson Curtis say the 1961 outlook for Union Pacific is promising with shares appealing for income and appreciation.
MENTIONED IN THIS ARTICLE
Auchincloss, Parker & Redpath
Paine, Webber, Jackson & Curtis
Union Pacific Railroad
Also Mentioned on This Page
Business Outlook
J. A. Livingston
Livingston
Department of Commerce
Kennedy
American Iron & Steel Institute
Arthur J. Goldberg
United Steelworkers of America
Walter P. Reuther
United Auto Workers
General Motors
Ford
Chrysler
Europe
Japan
Goldberg
Investors’ Guide
Sam Shulsky
Fellas
OWA
Illinois
Messinger
Empire
Cedar Rapids
Lowe
Tym-An-Dater
Cincinnati
Schaefer Clock Sales Service
Service Supplies
Third Street
Wall Street
Martin Gilbert
van Alstyne, Noel & Co
At&t
Federal Reserve System
Iowa
R. K. Stoddard
Merchants Bank
FSLIC
Insu
Landis
Armstrong's
A Ave
2Nd St
Landis Loans & Investments, Inc
1St Ave
Ceder Rapids
Remington Rand Univac
Univac
St. Paul, Minnesota
R. K. Patterson
Hemington
Fland Univac
Sperry Rand Corporation
Univac Park
St. Paul
Minnesota
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