Employment and retail sales rebound as weather eases
Employment production and retail sales began returning to normal with warmer weather. Layoffs from weather driven gas shortages fell from a peak to 945,000, then 870,000 as gas flow improved. Carter adviser Schlesinger noted pipelines feeding residential and industrial needs, while citrus crops showed no shortage. Auto dealers welcomed end of freeze, with JC Penney reporting mixed responses and strong cold weather demand for winter gear. Major earnings reports included ITT naming Lyman Hamilton as CEO, Goodyear and Kodak posting solid gains, and a bankruptcy payout plan for W T Grant suppliers. A merged Far-Marco and Farmland Industries would form a large cooperative. Stock indices fell, with the Dow at a three month low and overall market activity subdued.
MENTIONED IN THIS ARTICLE
New York
Labor Department
Carter
James Schlesinger
Agriculture Department
Florida
California
Jobs Bill calls for nuclear shelter focus in US
Rep. G William Whitehurst urges using part of a 4 billion jobs bill to fund fallout shelters with priority on deterring a nuclear attack. He warns against letting disaster-relief aims eclipse defense needs amid Soviet capability, stressing evacuation and civil defense plans. Historic sites list notes moving venues include Belle of Louisville and Delta Queen.
MENTIONED IN THIS ARTICLE
Norfolk
William Whitemrst
Rva
Whitehurst
House
Washington
United States
Soviet Union
U. S
Constant Motion
Cincinnati
Louisville
Harbor
America
San Francisco
Ohio
Mississippi
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JC. Penney Co
New Jersey
Pennsylvania
Penney
Lyman C. Hamilton
International Telephone
General Telephone
Goodyear
Kodak
W.t.grant
Mire
Far-Marco
Farmland Industries Inc
New York Stock Exchange
Standard:& Poor
NYSE
Railston
Kroger
Kroger CO
Kroger Instant Tea
Aster
Subjeet NO
Tate & Local
Cheerios
Ducable
Mit
ONL
Ake
Maxwell House
Ital Bloual
I Retiea
Eestion
Lux
Polar Pak
Colgate
Kroger Brown & Serve Biscuits
Wy -Geal
Xrog
Jug
U.S
Ole Carolina
Usda Choice Co
Holly Farms
U-5
D.A
U.S.C
Country Club
US Govt
Gov't
Usda Choice
Washingston State Golden Delicious Apples
Washingston State D'Anjou Pears