Fines Set in Price Fixing Case Over Thermostat Systems
In Minneapolis a federal court fined three firms and five executives a total of 180,690 for conspiring to fix prices on thermostat control systems sold to government and private buyers. Honeywell, Johnson Service Co, and Powers Regulator Co faced penalties with executives Haines Colby and other officers receiving designated fines. the cases were indicted by a federal grand jury last fall.
MENTIONED IN THIS ARTICLE
Minneapolis, Minn
UPI
Minneapolis Honeywell
Johnson Service Co
Milwaukee
Powers Regulator Co
Skokie
Ill
Gunnar Nordbye
Johnf. Haines
Honeywell
Ralph W Crysler
John H. Colby
G. E. Pickett
Powers
Kenneth M. Stevens
Mexico Trails Yanks
Mexico, once the world’s top silver producer, now trails the United States. U.S. silver output rose 24 percent from 1955 to 1962 to 45,167,000 troy ounces, while Mexico fell from 47,958,548 to 41,249,399 troy ounces in 1962. Prices rose for silver in 1961 and 1962, with U.S. silver at 89 cents in 1955 and $1.29 today. Peru, Canada, Australia and Japan also trail the United States and Mexico. Some papers attribute the declines to legal and fiscal obstacles.
MENTIONED IN THIS ARTICLE
Metals and Minerals Yearbook
United States
Mexico
U. S
Peru
Canada
Australia
Japan
Boost for Pair At Pioneer Title
Harold Vandesforde announces Larry Sheeler and Terrance Hatch as assistant secretaries of Pioneer Title Insurance Co. Sheeler, Las Vegas resident for 18 years, longtime Pioneer employee, lives with wife Linda and two children at 3109 Parkdale Circle. Hatch, with background in Arizona and Utah title work, is a title officer, and resides with wife Ann and five children at 2205 Ash Ave.
MENTIONED IN THIS ARTICLE
Larry Sheeler
Terrance Hatch
Pioneer Title Insurance Co
Harold Vandesforde
Sheeler
Las Vegas
Pioneer
Linda
Parkdale Circle
Hatch
Arizona
Utah
Ann
Ash Ave
Arbitration's Future Role Unanswered Question
United Press International discusses whether arbitration will shape labor relations as strikes lose bite. Experts like Wirtz see a crossroads for collective bargaining while concerns persist about government dictated wages and prices under compulsory arbitration.
MENTIONED IN THIS ARTICLE
George J. Marder
United Press International
Washington
UPI
Secretary of Labor
W. Willard Wirtz
Kennedy
World Trade In Food Sees Big Increase
Washington reports that free nations raised world trade in food by over 500 million dollars during 1959 to 1961. Despite the rise in food trade, agricultural imports did not dominate overall trade growth, while non agricultural goods purchases by free nations grew by more than 13 billion dollars in the same period.
MENTIONED IN THIS ARTICLE
Washington
UPI
The
Food and Agriculture Organization of the United Nations
FAO
Auto Firms Racing for Those Sales
Detroit a hot car image may boost auto makers profits Chrysler-Plymouth VP C F Briggs praises Plymouth racing success led by Richard Petty and A J Foyt. He warns racing costs require sales support but sees long term gains from teen buyers aging into driving. Population surge raises driving age, boosting future demand as teens influence parents and used car market.
MENTIONED IN THIS ARTICLE
Detroit
C. F Briggs
Chrysler Corp
Chrysler-Plymouth
Richard Petty
Plymouth
Nascar
A. J. Foyt
United States Auto Club
USAC
Chrysler
Hot Rod Association
Briggs
Dow Jones Mixed Day Stocks Rally Across Sectors
New York reports modest gains across industrials rails and utilities as the Dow Jones average edges up. Trading activity shows mixed results with bonds and commodity futures closing slightly higher amid a broad market uptick.
MENTIONED IN THIS ARTICLE
New York
NY Closing Stocks List
Closing stock quotes for a range of companies and industries including Alcoa Alum, Dow Chemical, General Electric, Ford Motors, IBM, Exxon, Pennsylvania RR, Coca Cola, and U S Steel. Values shown as fractions or percentages, with numerous tickers and market markers across multiple sectors.
MENTIONED IN THIS ARTICLE
New York
Upij
Air Reduc
Lockh Aire
Alieg Lud
Macy
R. H
Allied
MGM Ati
Allied Stra
Minn Mam
Alum Ltd
Monsan
Alcoa Alum
Mont Ward
Amn Air Lin
Motria Inc
Amn Can
Nat Biscuit
Amn Cyan
Nat Cash
Amn Motors
Nat Dairy
Amn
Nat Gypsum
Amn Tob
Nat
Ampex Co
Anacon Co
Amn Ay Si
Armce
Nor Pacific
Armour Co
Norwsirn Air
Atchsn
Olin
Avco Corp
Pac Gre
Bendix Ag
Pac Light
Beth Stee
Boeing Air
Borden Co
Parke Davis
Borg Warn
Penney JC
Burroughs
Penna RR
Pepsi-Cola
Cease, J
Dodge Oi
Trac
Philip Mor
Jens
Phillips Pet
Chrys Corp
Prot & G
Local Radio Corp
Colg Paim
Raythn Mig
Col Ord Sys
jColum Gas
Rexall Org
Reyn
Con Edison
Richard
iConti
Safeway St
St. Regis
Schenney Ind
Crewe Co
Sears Roeb
Curtiss
Sperry Rand
East Air L
E Sid Brands
Paso NG
Cai
Flintk Co
Ford Motsa
Fruen Tir
Geni Dyna
Swift & Cat
Elec
Gent Foods Eh
Texaco Inc
iGent Motors
Texas
Seni Tae
Thisxo
Tidewat Cii
Goodrich T
Trans Air
Goodyear
Greyhound
Homestake
Idea
Johns Mann
Westy Air
Jones & L
Westy Elec
Kaiser Alu
Westworth
Kenne Cop
Yngst
Zenith
Libby McNlee
Wall Street Charter Sees Sharp Declines Ahead
International Statistical Bureau Inc forecasts investors may face sharp declines in coming weeks despite an overall uptrend. It predicts higher activity in secondary and some low priced speculative issues but advises discrimination and not unbridled speculation. Spear of Spear & Staff says prudent investors can benefit from bullish news and Dow high ground. Dines notes leadership shift before a market rally.
MENTIONED IN THIS ARTICLE
Roger E. Spear
Spear & Staff
Bid Asked Bonanza Ar Lines ne a Central Telephone
Utility market column notes a flurry of bids from Ar Lines to Central Telephone and others. Mentions Nevada Northern Gas Nevada Power Southwest Gas and regional energy players amid a volatile price environment.
MENTIONED IN THIS ARTICLE
Bonanza Ar
Central
G& Glee Vfm
First Western
Nevada Northern Gas 2
Nevada Power
Southwest Gas
Also Mentioned on This Page
Tems
Johnson Service
Powers Regula
Tor
Radio Keno
By Larry Allen
Mexico City
CBS
CBS Radio Network
K-Luc AM
K-Luc FM
Sion
Allan Jackson
Marvin Miller
Mike Wallace
Abigail van Buren
Betty Furness
Charles Collingwood
George Herman
Edith Head
Walter Cronkite
Morning Report
Dear Abby
Woman's Washington
Hollywood
Ask-Dimension
CBS News
By Luc
New Post
Terrance
Congress
Briges
Vegas
Business News
Dow-Jones
Low
Ser
Mae A
Wall Street Charter
International Statistical Bu
Reau, Inc
Tion
James Dines
Nevada
Round-Up Real Estate, Inc
Fremont
Skyroom
Jerry Gray
Band of Today
Casino Nivwn
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