Inflation Watch: Admin Economists See Gradual Upturn
Washington economists warn inflation could erode real incomes and spark external gold flows if unchecked. April prices rose 0.3 percent, with factory costs for tires and copper edging higher, while officials fear a wage price spiral from a Far East war or steel settlements.
MENTIONED IN THIS ARTICLE
Washington
UPI
Bill Martin
U.S. Treasury
Martin
Federal Reserve
William McChesney Martin Jr
Gardner Ackely
Council of Economic Advisers
Far East
Dollar stability spotlight tests franc in past decade
The piece argues the franc of De Gaulle's France has the worst buying power loss among leading nations over the last ten years while the U.S. dollar shows the best record. It cites 1964 rate changes and notes concerns over wage-price pressures, balance of payments progress, and the need for a stronger dollar to support global trade.
MENTIONED IN THIS ARTICLE
de Gaulle
France
U.S
First National City Bank of New York
Germany
Switzerland
Netherlands
United Kingdom
Italy
Japan
Stock Market Opens Firm Amid Mixed Dow Jones Moves
New York stock prices opened firm in light trading with General Motors near 974, Kodak at 793, IBM 461, Xerox 145, and Chrysler rising while Standard Oil and several others slipped. The broad list shows gains for Monsanto, Armco, Bethlehem Steel, and Dow, with numerous Industrials and utilities posting mixed early results.
MENTIONED IN THIS ARTICLE
New York
UPI
General Motors
Chrysler
Ford
Eastman Kodak
Monsanto
Dow
Bethlehem Steel
Armco
Sinclair
Standard Oil of
California
IBM
Control
Korvette
Xerox
ACF Industries
Allegheny
Allegheny Power
Allied Chemical
Allis Chalmers
Alcoa
American Motors
American Optical
American T & T
American Tobacco
Armco Steel
Armour Se
Atchison
Bethlehem Stee
Bobbie
Boeing
Chesapeake & Ono
Coca Cola
Colgate
Collins
Diamond National
Douglas AC
Dupont Eagle Pick
Eastern Air L
Eastman Kod
Eaton M — Fed
Firestone
Ford Motors
General Dynamcs
General Foods
General Motor
Goodrich Tire & Rub
Goodyear Tire & Rub
Grace WR
Great A & P
Ms Greyhound
Lorillard
Mack Trucks
McNeil Mch
Montgomery Ward
Motorola
National Dairy
National Dist
New Jersey
New York Central
Norfolk & Western
Owen Ill
Paramount Pic
Parke Davis
Peabody
Republic Steel
Reynolds Met
Reynolds Tobacco
Richfield
Schenley
Sears Roebuck
Simmons
Socony
Southern Railway
Sperry Rand
Ohio
Stewart Warner Studebaker
Tennessee Gas Thompson
ICC delays Greyhound buy in Railway Express stake
The Interstate Commerce Commission postponed the effective date of its order allowing Greyhound Corp to acquire a 20 percent stake in Railway Express Agency for 10 million dollars. The order is under appeal by Denver & Rio Grande Western Railroad and other opponents in U S district court. Sperry Rand Univac to double production in St Paul as new computer series to launch this month with completion within a year. Atlantic Refining to modernize Philadelphia refinery with 30 000 barrels per day hydro cracker as core of a three unit upgrade to boost gasoline output.
MENTIONED IN THIS ARTICLE
ST. Paul, Minn
UPI
Sperry Rand Corp
Univac
Philadelphia
Also Mentioned on This Page
By John Pierson
Treasury
Henry H. Fowler
Oscar Mayer
BACON
Dave
E. Long
Free World
Securities and Exchange Commission
Pocono Downs, Inc
Luzerne County
Ranger Securities Corp
Great Neck Road
Great Neck
N.Y
Hunter
First National Bank
New Castle
National Geographic
Dimitri Mendelyeev
Thomas A. Edison
Atlantic Refining Co
John Boldren
San Mateo
Calif
ES Mars
Omc
Anhalt
Hanover
First Federal Plaza
Morten S. Silverman
Dial
New York Stock Exchange & American Stock Exchange
Broad St
N. Y
East Washington ST
Aroun
Feyr Ug Fe Sure Progtertior
Aue
Eica
Timely
Kirsch
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