Ford unit selling Cuba 30 million in vehicles
Argentina's Ford subsidiary announced a three year deal to export about 1,500 Ford Falcon cars and 500 heavy trucks annually to Cuba, plus spare parts and service. The contract, signed in Buenos Aires, is part of limited waivers tying into the Cuban trade embargo. Chrysler Argentina and others consider similar deals, while GM is still negotiating.
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Ford
Cuba
Aires
Argenting
Por Motor
Ministry of Economy
Fidel Castro
Regional Fed check center aims to speed clearing
San Francisco reports a new regional Federal Reserve check processing center promising two hour clearings. Past delays of two to several days vex late depositors. The europuterized operation will run extended hours to speed clearances for bank customers and improve processing across the West.
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UPL
Nore
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Federal Reserve Bank
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Market Flat Amid Cautious Trade on Rates
New York trading was flat with a tiny Dow gain of 0.78 as investors weighed inflation against earnings. Analysts cited higher prime rates and cautious sentiment after mixed first quarter results. Consolidated Edison slid after omitting its second quarter dividend, while Technicolor fell on a completed share offer.
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New York
Stovall
Chicago
First National
Continental
Linors
New York Stork Exchange
NYSE
American Stock Exchange
Aa Consolidated Edison
Lys Vechnicolor
Lander
Fruit and vegetable shortages loom in coming season
Modesto reports warn of tight supplies as canned fruit and vegetable stocks decline. William Allewelt of Tri Valley Griwers plus Arthur Helser of Tillie Lewis Paul Inc warn warehouses are nearly empty and May and June will see shortages. Factors include drought related pineapple gaps and higher tomato prices raising canning costs and export demand.
MENTIONED IN THIS ARTICLE
Modesto (Ap
Tri- Valley Griwers
William F Allewell Sys
Arthur Helser
Tillie Lewis Paul, Inc
Stockton
Allewell
Mlewelt
Hugh Ar Costa
Allewelt
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