Trial Balance Indicates Mixed Summer For U S Economy
At mid summer the economy shows mixed signals. Employment up modestly, personal income at record levels, but housing holds firm and farm incomes slip. Auto and steel slower than last year, stock market buoyed by inflation fears and expected fall pickup. The big question remains whether fall demand will revive activity and profits.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
Business Today
Federal Reserve Signals Move to Tighten Money Policy
The Federal Reserve Board, worried about inflation, reversed its recession stance and tightened the money supply. Effective today the San Francisco Reserve Bank discount rate rises from 1.5 to 2 percent, a move expected to prompt similar hikes at other regional banks with a possible time lag.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
San Francisco Reserve Bank
Federal Reserve
Reserve
Reserve Board
Newspapers Offer Run of Paper Color Across Canada
More than 850 papers with a 43 million daily circulation provide advertisers run of paper color. Including Canada, 926 papers reach over 46 million daily, expanding run of paper color options.
MENTIONED IN THIS ARTICLE
Canada
U.S. Eases Trade Curbs With Soviet Bloc Under Pressure
The United States plans a substantial cut in the 922 items banned in trade with the Communist bloc in Europe, yielding to allied and business pressure. Trade with Red China North Korea and North Viet Nam remains prohibited. Some chemistry and electronics items will be added to the prohibited list. No specific items were named and a final decision is pending further consultations.
MENTIONED IN THIS ARTICLE
Washington
United States
Europe
Commerce Department
U. S
Red China
North Korea
North Viet Nam
Soviet Union
Changes in U S export controls reported in Paris meeting
Officials said U S export controls will be significantly eased with a net reduction in controls and a substantial cutback in items banned in trade with the Communist bloc. The Paris meeting of 15 nations including Japan and NATO members except Iceland produced a master list of 120 banned items and 35 to watch for embargo potential, reducing the previous 1954 list by about half. The master list remains secret. In Cape Canaveral, a new research rocket was launched to study the earths atmosphere from the Air Force Missile Test Center, with a brief climb and flash noted.
MENTIONED IN THIS ARTICLE
Ally
Florida
Rock- Paris
Ses
U. S
Weeks
Paris
Japan
Iceland
Gener
Cape Canaveral
Fla
Air Force Missile Test Center
Potato Quality Rules for Baking Use
A heavy skin and mealiness are requisites of potatoes used for baking. The description emphasizes firm skins and starchy interior as key traits for baking quality.
Also Mentioned on This Page
U.S
Allen Monument Company
S. Central
Amenca Praemionre
Louis DE Rochemont
Lirpacinerama
Lastman
Peoples Theatre
Greyhound
Continental
MONAY
Aran
Missouri Theatre
14Th & Mem
Kenses City
14Th & Main
Chevrolet
Fisher
Chevy
America’s Best Buy
Nbc-Tv
Abc-Tv
Bill Young Chevrolet
South Evergreen
Chanute, Kansas
Chanutels
Chanute
Kansas City
The
Bank of Commerce
Cantain
Ethan Allen
Baumritter
Koch Bros. Furniture
W. Main
TNE
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