Costs rise and consumer spending boosts economy
A mixed economic update shows costs climbing toward record highs while April food prices dip from last year’s peaks. Consumers continue spending rapidly as bankers note ongoing savings. Auto makers announce fall launches of compact cars, while oil executives lament rising costs despite soft prices. International Telephone picks a new president as leadership chang es with Leavey nearing retirement.
MENTIONED IN THIS ARTICLE
Aus
Labor Department
Antl
Detroit
Offic
Netroleum
Texas
Occn
Aif
F.W. Woolworth
International Telephone & Telegraph Corp
Leavey
H. S. Geneen
Grain Futures Slip Across Plains Markets
Chicago AP reports grain futures mostly lower across the Great Plains with wheat down about 2% to 3% and July prices slipping to around 1.83. Corn and rye show fractional declines as traders weigh weather and demand, while other grains edge lower on spillover selling.
MENTIONED IN THIS ARTICLE
Chicago
Great Plains
Poultry Markets In State Steady Amid Strong Demand
Texas live poultry offerings cleared steadily across markets. East Texas held a stable market zone consistent with last week’s close. Supplies moved through quickly with an exceptionally heavy finish, marking an overall active trading volume.
MENTIONED IN THIS ARTICLE
Austin
Texas Poultry
East Texas
Small Gain In Stock Market Led By Rails
Stocks closed higher led by railroad shares, with the average up 3.77 to 169.67 on the week, marking its best level since August 9, 1986. Industrials rose minimally to 637.74 while 65 stocks in the three averages gained 0.74 to 716.43, as gains spread across rail, metal, and chemical issues amid cautious investor sentiment.
MENTIONED IN THIS ARTICLE
Eric
Tonkin
Also Mentioned on This Page
U.S
Rails
Northern Pacific
Kansas Southern
Western Maryland
Chesapeake & Oho
Atlantic Coast Line
Baltimore
Raytheon
jpSuears
Smith, Kline & French
Merck
South
South East
Texas Technological College
P. Bank
Lubbock, Texas
First National Bank
Dallas
First National
Rauscher, Pierce & Oe
Ine
Beiind Wire
Ationn Colon
Nylon Friese
Sahiont
Dinette
Orphan Table Pets
al Seeenen
Caigtly
Dounle
Harold Griffith
M College
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