Economists differ on risk of budget deficits and debt
President Nixon warned deficits threaten prosperity as federal spending climbs to a historic high with a projected 1974 shortfall. Economists from both parties say inflation fears loom, yet many argue deficits can stimulate growth if output is under capacity, while debt concerns persist for future taxes and national finances.
MENTIONED IN THIS ARTICLE
York
Nixon Jp
Congress
Repin
Leonomists
Quckly
Walter Meller
Council of Economic Advisers
Kennedy
Johnson
Paul McCracken
Niven
U.S
United States
Basil
Nixon
Alarm industry grows despite false alarms and theft risk
In San Francisco the National Burglar and Fire Alarm Association reports a booming alarm market worth about 1 billion dollars annually with 15 percent recent growth and 4 percent home security system growth. Yet up to 97 percent of alarms have little to do with burglar activity, often caused by shopkeepers, pets, or technicians. Industry spokesmen warn burglars exploit false alarms while half of false alarms come from subscribers, prompting an education push as central systems climb to 700 dollars. Also noted is Shell Oil refinery labor strike negotiations entering a seventh day across four states with plans to resume operations and increase supervisory roles in Houston, Norco, Las Animas, Martinez, and Wilmington.
MENTIONED IN THIS ARTICLE
San Francisco
National
Ohio pickle growers seek fair share of rising processor price
Ohio pickle producers in the Ohio Agricultural Marketing Association say processors paid about 80 per ton last year and about 1 this year. They note rising growing costs while grower revenues lag, arguing growers and their teams should share in increased consumer prices at the supermarket.
MENTIONED IN THIS ARTICLE
Columbus, Ohio
UPI
Ohio
Ohio Agricultural Marketing Association
Wie
Ohio Farm Bureau Federation
Montoy
OAMA
Paul Slade
Giant helicopter contract to Boeing for HLH prototype
The Army Aviation Systems Command in St Louis awarded Boeing a 355 million contract to design develop and flight test the prototype HLH the worlds largest heavy lift helicopter. Spokesman T P Peppler said the project aims to prove a highly efficient heavy lift capable of 30 tons including containerized cargo with first flight planned summer 1974 followed by a full flight evaluation by the Army.
MENTIONED IN THIS ARTICLE
Peppler
HLIC
Oil exploration deal inks with Coastal States Gas Corp
Lurlington Northern Inc announces in Billings Montana that a principle agreement with Coastal States Gas Corp of Texas covers oil and gas exploration on BN lands across six western states. The pact grants exploration and development rights on about seven million acres in Montana North Dakota Wyoming Idaho Oregon and Washington with Coastal States to spend at least 15 million for exploration and BN to receive 25 percent of development rights and an annual cash consideration of about 4.5 million over the first three years. The agreement can be extended up to five more years.
MENTIONED IN THIS ARTICLE
Billings, Mont
UPI
Lurlington «Northern, Inc
Coastal States Gas Corp
Texas
Montana
North Dakota
Wyoming
Idaho
Oregon
Washington
Coastal States
McKenzie
Coastal States Gas
Supermarket exec foresees big changes in stores
Los Angeles AP reports Ralphs Grocery Co president Eugene Walsh predicts computer driven checkstands and automated warehouses will reshape the near future. Stores will grow to 20,000 to 30,000 square feet, vendors standardize container sizes, and women will move into management roles. Consumers will demand unit pricing nutritional labels and dating. Ralphs, part of Federated, employs about 6,000 with sales near 220 million.
MENTIONED IN THIS ARTICLE
Los Angeles
Ralphs Grocery Co
Wyes
Eugene Walsh
Europe
Walsh
Ralphs
Tralphs
George Ralphs
Federated Department Stores
Dow sinks below 1000 as index hits 1040.0
The Dow Jones industrial average fell under 1000 for the first time since November 15, 1972, dipping to around 1040 after a peak of 1051.70 reached on January 11. The downturn reflects broad market weakness amid ongoing economic concerns.
Investment year 1972 seen as lackluster overall
A Kalb, Voohis Co study of 291 funds shows top performers like Templeton Growth and International Investors posting solid gains, but the average fund rose only 34 percent while the Dow Jones Averages gained 13.3 percent. Growth funds lagged behind, with 9.8 percent on average. Vanguard led losses at 22.5 percent, with several funds posting declines and two unchanged.
MENTIONED IN THIS ARTICLE
Russell van den
BURGH
Kalb, Voochis & Co
New York Stock Exchange
Dow Jones
Templeton
Scudder Development
Founders Special Fund
Chemical Fund
Vanguard Funds
Admiralty Growth
Growth Fund of America
Hartwell & Campbell Leverage
Consumers told they'll have to pay for cleanup
UPI reports industry officials telling U.S. consumers will bear the costs of cleaning up the environment as automakers push for faster compliance with new exhaust emission standards. Ford executives describe efforts to improve direct dialogue with customers through Ford Listens Better and Customer Satisfaction programs, citing millions of mail responses and ongoing consumer outreach.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Ford Motor de
Gwo
Viceshey Buy
Birdwell
Alway
Petersen
Ford
Ponline
Glass House
Dearborn
Mich
Union Sugar declares 47 cents a share dividend
San Francisco Union Sugar Co directors declared a dividend of 47 cents a share payable March 9 to shareholders of record February 9. The stock now trades at 1.50 dollars per share on an annual basis.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Lnion Sugar Co
Over the Counter Quotations Courtesy of Dean Witter
The report notes that the counter quotations are furnished through the courtesy of Dean Witter and Company located at 1070 A Street in Hayward.
MENTIONED IN THIS ARTICLE
Dean Witter & Co
Hayward
Also Mentioned on This Page
John Cunniff
Wil
Kelter
Uellet
Heller
Pyme
Garis Listelhorst
Association
Distelliars
Fiat
Shell
Anghits
Ida
Shell Oil
Mouston
Tex
Norco
Las Anavattes
Wach
California
Martinez
East Bay
Wilmington
Vietnam
Kore
Strate
Dow
International Investors
Twentieth Century Growth
Putnaim Voyager
Charter Fund
Putnam Vista
Edward
Lechtzin
Bennett
Dairyman
Bidwell
Americen
Express
Merica
Tokyo
Bank of Am
Rediiy
Ata Barnes Hieret E al Sreuntis
Citizens Fed Savings de Decut Ab
Kaiser
U.B
Tweedle & Duck
Ane'en Spurgeon Building
Mission Blvd
Hayword
Varner
Varner/Ward
Fease
West
Warner] Ward
Warner/Ward Leasing
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