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American dollars flow abroad slows. new worries arise
U S investments overseas especially to the Common Market are slackening. Tax fears curb foreign securities sales as hot money stays home. Auto sector exits European ventures, while chemical firms expand mainly with foreign funds. Despite slower U S expansion, overseas investments total about 44.9 million this year versus 3.7 billion in 1959, with earnings and prior abroad funds financing much of the spend.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
New York
U.S
Washington
Europe
U.S. Department of Commerce
United States
Lastington