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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Aug 26, 1964
Page
19
Babson Park column argues inflation fears drive rising interest in collecting. It advises selective, informed collecting of antiques, coins, stamps, glassware, and furniture, warning against overbuying cheap items and stressing durable scarcity values.
Steel production in the United States has fallen to its lowest point since February. Executives hope the June July decline marks the bottom for the year and expect a rebound as output climbs in the months ahead. Observers also question whether rising production will occur.
The text reports rising metal costs with copper and tin prices climbing while U S government stockpiles drain and production delays loom. Silver faces a coin shortage as demand outstrips output, steel costs rise amid substitutes and imports, and steelmakers seek higher margins only if customers accept higher prices. Government stance and market dynamics complicate any increase.
The News notes Len Venturi, U S Open champion, enjoying a standout year in golf with $43,065 earned in the first seven months of 1964. He trails only the year's second-leading money winner, a record he surpassed by August.
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