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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Daily Review
Location
Hayward, California, United States of America
Date
Jun 25, 1972
Page
9
A nationwide UPI survey found bankers, corporate chiefs, and economists optimistic about the U.S. economy entering a strong second half. Reports cite rising personal income, car sales records, and growing industrial output, though inflation and unemployment remain key concerns for households and some business leaders.
A Washington economist criticizes Great Society and GSA practices that funded wide federal grants and bought for recipients. He argues hundreds of programs inflated inflation, burdened taxpayers, and raised private costs by favoring government purchasing and free dollars over private efficiency.
The article describes a new game by 3M called Challenge Bridge using a Master transparent sheet of computer markings on card backs. Dots on cards let a dealer distribute hands quickly so players can replay rest of tournament hands and compare results with experts. The concept centers on 13 hands from an American Contract Bridge League tournament.
The week on the New York Stock Exchange saw stocks ease amid inflation worries and mutual fund redemptions. The Dow Jones industrial average fell 0.37 to 944.69 for the week, while the S and P index slipped 0.04 to 10827 and the NYSE composite declined 0.14 to 59.90. Turnover totaled 69,503,600 shares, down from last week’s 77,873,070 and above year-ago 66,278,010.
Readers ask about preventive maintenance contracts for electronic instruments and what a contract should cover. The column also notes factors when choosing a new manufacturing site including transport, water, labor, subsidies, and community environment. It adds a service offering World Trade Directory reports by the U S Department of Commerce with a $2 fee per report.
Mutual funds and other institutional investors have ceded market influence to banks in large stock transactions as negotiated commissions reshape broker revenues. In early 1972 funds accounted for 25 percent of big-block commissions while banks supplied nearly 40 percent, a reversal from late 1971. The NYSE and brokers adjust to lower negotiated rates, with about 12 to 13 cents per share for big orders over 300 000, while small orders of 100 shares cost around 3 cents per share.
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