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Rising Price Trends Spark News Across Markets
Business Week notes rising costs across manufacturing and wholesale sectors signaling higher retail prices for cotton bedsheets bulbs appliances tires and wool goods while interest rates inch up due to strong credit demand from consumers shopkeepers manufacturers and governments. The Treasury ceiling on long term bonds is 4 1 2 percent but Eisenhower urges raising it. Consumer credit and auto sales surge. Sears reports a May record and Dodge Dart enters the small car derby. World petroleum demand is seen rising with an oil glut easing. stock and bond activity shifts as totals rise.
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New York
Uncle Sam
U.S. Treasury
Congress
Eisenhower
Federal Reserve Board
Dilmen
U.S
Chrysler Corp
Dodge
Steel Mills