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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jul 26, 1961
Page
8
Chrysler rejects Union demands as inflationary. John Leary notes payroll nears two billion dollars over three years, largely paid to UAW workers, while the union accuses the company of exaggerating worker income to gain leverage at the bargaining table.
Advertising for burial insurance announces eligibility for ages 0 to 2 years with a modern plan. Costs are a few cents daily and pay the face amount in need, exemplified by a $500 funeral payment after paying $4.58. Issued by an admitted legal reserve insurer and usable at any funeral director worldwide. Other plans available with free information via mail coupon.
J L Atwood president told the New York Society of Security Analysts that North American Aviation aims for a 1964 sales year between 12 and 13.3 billion, the highest in company history, with similar levels forecast for next year. He cited diversification in aeronautics missiles space and electronics and noted earnings per share of 2.87 last year and projected 3.30 to 3.50 for the year.
New York collar futures advanced late Tuesday while cash cotton and the market for lint were unsettled. Prices closed about five cents per unit lower on the day with spots and futures showing weaker tones amid mixed demand and harvest timing.
The Chamber of Commerce board unanimously recommends locating an International Trade Center in the harbour area. President Kenneth J Hemphill urges harbor forces to unite to press for the center, backing a Civic Development Committee recommendation that the center is mandatory for the International City concept and full customs services.
U S Steel chairman Roger M Blough forecast better conditions for the remainder of the year, after reporting second quarter earnings of 59,027,471 equal to 98 cents a share. The figure fell from 1960's 80,893,489 or 1.38 a share yet stood as the steelmaker's best quarter since then.
The House Judiciary Committee backed legislation expanding the Fugitive Felon Act to arrest facilities under state law. The bill would cover nonviolent offenses with punishments over one year, including gambling, prostitution, narcotics, bribery, fraud, and larceny, amid efforts to curb organized crime.
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