Psychology of Inflation Becomes Menace Itself
The piece explains how small annual price increases at 1 to 1.4 percent can be tolerable, while faster rises drive decisions and fear. It cites Gainsbrugh’s 70 rule for doubling prices and argues inflation above 2 to 4 percent becomes a generation-long burden, with threats from the Vietnam era surge and calls for efficiency gains to curb future rises.
MENTIONED IN THIS ARTICLE
Martin R. Gainsbrugh
National Industrial Conference Board
Gainsbrugh
Grain Market Mixed as Chicago Options Move on Trade
CHICAGO AP Grain futures rose over 1 cent on the Chicago Board of Trade before turning mixed and mostly weak later. Active buying eased, prices hovered around session highs, with a later firming tendency amid irregular trading and strong nearby tones.
MENTIONED IN THIS ARTICLE
Chigege Board of Trade
Rade
Jing
Firm
Com
Gute Tre
Wes
Credit Screw Tightens Selling Wave Hits Market
A credit tightening drove a selling wave in New York stocks as the prime rate rose to 8 1/4 percent from 7 1/4 percent. The Dow dropped 6.72 to 918.05 with volume around 10.65 million shares, while the NYSE and Amex markets moved lower in brisk trading.
MENTIONED IN THIS ARTICLE
New York
UPI
Nixon
U.S
South Vietnam
Standard Oil
Ohio
American General Insurance
Bengeut
American Stock Exchange
Amex
State Harbor Interests Seek Bigger Budget
California navigation leaders urged Congress to raise Nixon administration plans sixfold, seeking 6.1 million dollars for 12 harbor and labor projects. Robert Langner and Robert Walker argued labor improvements spur job growth as port chiefs supported the request to fund 12 projects despite Nixon recommending 1.2 million for five.
MENTIONED IN THIS ARTICLE
Washington
California
Navigation Interests
Congress
Nixon
Robert H. Langner
California Navigation Conference
House Public Works Appropriations Subcommittee
Solon Sells Shirts and Ties in Senate Desk
Alabama State Senator Ray Lola ley runs a small haberdashery from his Senate desk in Montgomery. He stocks shirts ties and handkerchief sets from his Enterprise store and discounts them for colleagues, saying he rarely makes money and helps members who forget items.
MENTIONED IN THIS ARTICLE
Solon
Senate
Montgomery
Ala
Ray Lolley
Enterprise
Deer collision may let motorist keep venison
Syracuse State police say a motorist may keep the venison if his car is damaged in a collision with a deer. Repair costs typically range from 100 to 500 dollars.
MENTIONED IN THIS ARTICLE
Syracuse
N.Y
Training program aids Hy Senren demands in Lakewood-LB area
A continuing training program helps sustain Hy Senren demands as the program proceeds in the Lakewood Long Beach region.
MENTIONED IN THIS ARTICLE
Hy Senren
Lakewood
Long Beach
Also Mentioned on This Page
Chicago
Aber
Alles Corp
Apollo Indus Oe Gratts
Sumic
Mulhare
Reece
Olmery
Gene
Teter
Gerg von
Tedens
Treasury Report
Wieser A
Wilson Gres
Marte Seassy
Ain
Ee Belene
Hay Market
Angeles
Upi-Psmns
Bartey
Independent Press
Pacific Coast Exchange
Seaneenen
Eppemermens
Paani
Menssass
Eoe
State Harbor
Elizabeth, M. J
Ballantine
Scotland
Brands, Inc
W.Y.C
E.bhutton
Lamaur Inc
Overnite Transportation CO
Standard Register Company
Systems Engineering Laboratories
East Broadway
Calif
Walker & Lee, Inc
Frank R. Hart
Walker & Lee Inc
Rev
Bober
Lakewood Country Club
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