New York public workers plan picket over pay and benefits
The Police Benevolent Association and Uniformed Firemen’s Association announce a joint picket at City Hall after months of stalled negotiations. About 3,000 off duty officers expected to join as UFA seeks higher pay and benefits, while PBA presses for a contract deal.
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Deflation Bugaboo in a Growing Group Highlights Fears
A small, growing bloc of stock market observers shifts from inflation fears to deflation worries as US stock weakness and lower commodity prices hint at a possible recession. Experts note soft industrial prices, steel product slumps, and global hints of slowdowns in England, Japan, and West Germany, underscoring fragile economic momentum.
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Deflation worry for traders over corporate profit margins
The American Stock Exchange notes concerns that big producers face pressure to keep prices high for healthy profits. A deflation scare would fade if growth resumes, aided by government action, business investment, or higher consumer spending with saving.
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United States
Jess
Union Still Unhappy With CHP Grain Market
Sacramento reports say machinists union leaders labeled a 10 minute meeting with Highway Patrol Commissioner Bradford M. Crittenden as a farce. They planned to take their complaints to Gov. Edmund G. Brown, alleging rough treatment by patrolmen during last week’s Aerojet strike. Danenberg urged action and sought a full investigation by Brown, while newsmen were barred from the session.
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Price
Cotton Market News Drives Prices Upward in Viet Nam
Article reports on cotton market fluctuations and price signals in North Viet Nam with references to agricultural committees and officials. Names of individuals and local figures appear amid scattered economic notes and market data, indicating broad concern over supply and pricing in the region.
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Seifing
Brewis
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