Economic quid pro quo with Soviet trade hints at limited impact
The piece notes Nixon leveraged Soviet needs for American capital equipment while Russia controls raw materials, but warns Soviet sales will not greatly lift U.S. unemployment. It cites 1970 trade figures, Soviet trade concentrated outside the industrial West, and compares U.S. GNP and export shares.
MENTIONED IN THIS ARTICLE
Washington
Soviet Union
Nixon
Moscow
United States
Russia
Ussr
U.S
Soviet Union Trade Aims and Buy-Lateralism Outlook
The piece analyzes Soviet trade policy aiming to balance exports and imports, stressing dollar dominance and ruble bloc limits. It outlines potential moves like lifting curbs on fur imports, MFN status, and a bold liquefied natural gas pipeline sale to the United States, noting hurdles such as capital needs and diplomatic risks.
MENTIONED IN THIS ARTICLE
Congress
U.S
Soviet Union
Moscow
Europe
Investment guidance for fixed income seniors by Sam Shulsky
A retired reader on a $5,880 yearly fixed income seeks advice. Sam Shulsky notes inflation erodes purchasing power, favors partial moves into top quality utility stocks, suggests lifetime annuities, bonds, and dividend growth as hedges, and explains broker timing and rate risk while inviting written questions.
Bank Clearings Rise Then Fall Over Two Week Span
The clearing house reports weekly bank clearings totaling 13,877,309 for the week ending May 26, down from 14,795,567 the prior week ending May 19. For the week ending May 28, 1971, clearings were 12,910,162.
Week of Gains Push Stock Averages Near Records
New York markets posted modest gains across major indices. The S P 500 rose to 110.66, NYT 50 stock average at 625.82, and NYSE composite near record levels as trading volume rose to 82.5 million shares. Dow Jones lagged, ending at 971.25, with 990 issues up and 764 down. ASE up to 27.94 while OTC industrials reached 144.14.
MENTIONED IN THIS ARTICLE
New York Times
New York
Standard and Poor
New York Stock Exchange
Times
Stock Exchange
American Stock Exchange
No Franchises but Build 200 Unit Sambo’s Chain in 14 Years
Sam D Battistone and his father built a 200 unit Sambo’s chain in 14 years without franchising. The plan uses a shared equity approach where six managers hold 30 percent, the manager 20 percent, and 5 percent retained for future expansion. This structure aligns incentives, avoids franchise pitfalls, and supports centralized control with distributed ownership.
MENTIONED IN THIS ARTICLE
New York
UPI
Sam D. Battistone
Santa Barbara
Calif
Sam, Jr
Sambo’s
Young Battistone
Sambo
Battistone
Florida
Idaho
Texas Gulf Coast
Georgia
Towa
Car Sales Hit Record in May
Detroit report shows U S new car sales from May 11-20 totaling 277 993, a 14 percent rise from 243 075 a year earlier and a mid May industry high. General Motors up 16 percent, Ford records best period with 18 percent gain, Chrysler up 3 percent, American Motors up 27 percent. 30 years ago John L Lewis ousted Philip Murray as CIO leader.
MENTIONED IN THIS ARTICLE
Detroit
U.S
Gen. Motors
Chrysler
Am. Motors
General Motors Corp
Ford Motor Co. R
Chrysler Corp
American Motors Corp
John L. Lewis
Philip Murray
The
CIO
United Mine Workers
Business News in Brief Highlights Promotions and Mergers
Rick Weatherman named manager of Bishop Cafeteria downtown after serving as assistant manager at two Bishop Buffets in Omaha. Jay Hesser named Iowa manager for Pueblo West Colorado unit of Holly Development with seven salesmen. office opened Jan 1. Sheller-Globe and Zimmer Homes agree to merger, Sheller-Globe stock exchange for all Zimmer stock. Piper Jaffray to acquire Herron Northwest. 80,000 shares of Piper stock for Herron assets. Forsyths named to Million Dollar Round Table for 1971. Burd appointed to 1972 advertising committee of U S Savings and Loan league. Hopp named area distributor for Lazier Cosmetics. Cannon named Iowa rep for Hiram Walker Inc. Eichhorn named district counsel for Small Business Administration. Hahn named national marketing director of LeaseAmerica Crop. McQuay-Perfex declares 17 1/2 cent quarterly dividend. American Express declares 12 cent quarterly dividend post stock split. Cedar Rapids to receive San Francisco cable car showcase for Prescolite fixtures.
MENTIONED IN THIS ARTICLE
Pueblo West
McCulloch
Sheller-Globe Corp
Toledo
Zimmer Homes Corp
Pompano Beach
Fla
Sheller-Globe
Zimmerstock
Sheller Globe
Iowa City
Piper, Jaffray and Hopwood, Inc
Charles E. Burd
First Federal Savings and Loan
Cedar Rapids
U.S. Savings and Loan League
Jean Hopp
Country Club Drive
Marion
Luzier Cosmetics
Bristol-Myers
John C. Eichhorn
Newton
Small Business Administration
Jasper County Savings Bank
C. D. Hahn
Hormel and Campbell Soup post quarterly earnings
Hormel and Campbell Soup report second and third quarter results. Hormel of Austin Minnesota posts sales of 172.242 million and net income 0.647 million or 7 cents per share for the quarter while Campbell Soup reports third quarter sales 277.681 million with net income 14.736 million or 0.44 per share.
Market Ends Week Higher With Dow Near 975
The stock market posted small gains on most days last week. The Dow Jones average closed at 971.25 on Friday, its highest since December 19, 1968, when it reached 975.14. The Associated Press average finished at 335.3, up 1.0 from the prior Friday.
MENTIONED IN THIS ARTICLE
Associated Press
Ozark Air Lines Reports First Quarter 1972 Income
Ozark Air Lines posted a net income of 53505 for Q1 1972 reversing a 381081 loss in Q1 1971. Revenue rose 14.3 percent to 20679887 from 18087376, while expenses totaled 20603839. Passenger boardings reached 701088 versus 618678 a year earlier.
MENTIONED IN THIS ARTICLE
Ozark Air Lines
Ozark
Also Mentioned on This Page
West
Czechoslovakia
Poland
Hungary
USS
Sisyphus
the Investor's Guide
Sam Shulsky
First Mid America
ING
Principal Stock and Commodity Exchange
John W. Donnelly
Richard Bump
Edward Kane
Edward McAleer
James Barthelme Roosevelt
Hans
Jack) Thorne
C. L
Dean
Chipokas
R. Wayne Owens
Greg Orscheln
Alice Smith
By Leroy Pope
Justice Electric
6Th Street
Justice
New York Times Service
Business News
Rick Weatherman
Thirtysecond
Bishop
First Avenue SE
Lindale
Herron Northwest, Inc
American Stock Exchanges
Herron
Piper
Donald L. Forsyth
Skylark Lane
Lloyd D. Forsyth
Dalewood SE
Rodger D. Cannon
Des Moines
Iowa
Hiram Walker, Inc
Pitman- Moore, Inc
LeaseAmerica Crop
MorAmerica Financial Corp
Hahn
Sanford-Brown College
St. Louis
Missouri
Burroughs Corp
Staubcourt
McQuay-Perfex, Inc
Minneapolis
American Express Co
San Francisco
Arne Oja
Hickory Hill Lane
Rick
Weathermon
George A. Hormel and Co
Austin, Minn
Campbell Soup Co
DOW Jones
Montues Wee
Wedther Fri
Jfmams
Ithar Fr
TFMAM
Bncuar
Safeco Insurances
Wes Ralston
Sesgineesi
Kirston
First Avenue
Seuaihacenl
NDS Mutual
Securities Corporation of Iowa Planned Investment Programs
Russell F. Knapp
John N. Knapp
Clyde R. Sanborn
V.P
Frank Filip
Y.P. Ramona Post
Sec
Y. B
Dorothy G. Steele
Harry H. Strother
Lyle R. Primrose
Eugene Hunter
Robert McAvoy
Owen Winterberg
Moramerica Financial Corporation
Morris Plan Securities Company
Cedar Rapids, Iowa
Peter F. Bezanson
American Building
Lowa
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