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Production And Sales Of Steel And Autos Boom
AP report notes booming steel production with an all time weekly peak of 2.862 million tons aided by hedge buying ahead of potential strikes. Automobile output rose 13.6 percent to 179,900 in the week with February totals up, while U.S. car sales hit 624,000 and foreign car sales reached a February record 76,000. Factory orders fell for January, inventories rose, and consumer credit expanded with auto loans. Major retailers posted February gains, and First National City Bank reported 1967 corporate profits slipping to 32.1 billion due to costs and labor disruptions.
MENTIONED IN THIS ARTICLE
Jack Lefler
NEW York (Ap
Wheeling Steel Corp
U.S. Steel
Bethlehem
Pittsburgh Steel
United States
Commerce Department
Federal Reserve Board
Montgomery Ward & Co
J.C. Penney Co
8.S. Kresge Co
W.T. Grant Co
Walgreen Co
F.W. Wool
First National City Bank
New York
U.S