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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 01, 1975
Page
2
The Aasarigcad Prees reports a volatile market with the Dow Jones average rising to 2135 while Ford Motor posts a first quarter loss. Government economists foresee a brighter year yet warn wage growth could spark renewed inflation as crude prices delay relief and agriculture prices fall.
The Ford administration plans Bicentennial Saving Bonds while issuing tax rebate checks. Officials say no deliberate link exists though the $200 bond trigger mirrors the rebate cap. The new bonds resemble regular U S Savings Bonds with a historic design and 6 percent interest, issued in $25 minimums.
About 4000 doctors in Northern California vow to stop paying steep Argonaut premiums, risking widespread hospital service cuts. Anesthesiologists face top hikes to over twenty one thousand dollars, while low risk fields rise to several thousand. Hospitals plan referrals for uninsured patients as lawmakers consider a state insurance pool.
Federal price controls ended last year fueling steel price rises and strong 1974 profits. US Steel and Bethlehem Steel reported higher first quarter earnings than a year ago, while Wheeling-Pittsburgh showed improved returns but warned of a drop in profits next quarters due to lower shipments and inventory reductions.
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