Economic assumptions challenged by analysts in AP column
AP Business Analyst John Cunniff reports on shifts in beliefs about price increases. The middleman, food chains, and industrial concentration are reassessed as FTC and government studies show raw food costs and other factors explain inflation better than familiar villains. Caroline Bird questions college as smart investment.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Council On Wage and Price Stability
Federal Trade Commission
FTC
Social Security funding debated by University of Arizona professors
Arizona Review authors Dr. Leahmae McCoy and Dr. Clark A. Hawkins argue future Social Security needs require higher revenue from raising the income base taxed to 8 or 9 percent of wages or shifting COLA costs from inflation to general treasury. They stress the program is not insolvent and view it as intergenerational funding rather than a traditional insurance. A separate piece notes rising demand on forests will push mills toward waste paper, amid tax structures that favor virgin timber.
MENTIONED IN THIS ARTICLE
Council On Wage and Price Stability
Bureau of Labor Statistics
Caroline Bird
America
University of Arizona
Leahmae McCoy
Clark A. Hawkins
Arizona Review
Review
Ua’s Division of Economic and Business Research
Tucson
Graham
Greenlee
McCoy
Hawkins
Congress
General Treasury
Committee On Economic Security
Drs. McCoy
Thomas J. Niblett
Ua’s College of Business and Public Administration
Dow Jones Averages Report at 2 PM
New York AP reports at 2 p.m. the Dow Jones averages showing gains across major indices. The 30 Industrials rise 6.96 points to 882.82, the 20 Transportation advance 1.15 to 174.04, the 15 Utilities inch up 0.06 to 84.77, and the overall Dow Jones stocks index up 1.76 to 268.47.
MENTIONED IN THIS ARTICLE
NEW York (Ap
Commodity Closings From Today's Market Row
London gold at 164.75 down 1.25. MM Sept. gold 147.70 down .80. Silver 468.7 down .3. July copper 56.6c down 9c. July wheat 3.59 up .095. July corn 2.95 up .10. July soybeans 5.66 up .32. Aug live cattle 47.10 down .95. July live hogs 57.2 up .87. July pork bellies 85.15 up 1.50. Sept fresh eggs 53.05 down .40. May Maine potatoes 9.47 down .18. July plywood 133.15 up .05. Dec cotton 48.45 down .05. Sept sugar 15.95 down .01.
MENTIONED IN THIS ARTICLE
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
London
Maine
Beecha
Bell How
Bendix
Boeing
BoiseCas
Borden
BorWar
BritPel
Bucy
New York
Cadence Ind
CarrCo
Ai CartWalt
Atvae Cassick
CBS
Cerro
Arizona
AlcanAla
Cessna Air
Chris Craft
Citicorp
Ysa
Ao Ambac
Hess
Am Motors
ContAir Lin
Brat
ConCan
AMP Inc
Apeco Corp
Ea Coopind
Armco
Cowlesc
ArmsiCk
Agnetine
DiamSh
Disney
Vig Dresser
duPont
Exxon
Ma GamSk
Ya GenEl
GaPac
Absa Atp
Tha Gerber
Jp Gettyo
Gillette
Global Mar
Goodrh
Goodyr
Grace
Grant
Guif Oil
Mn Gishuy
Habibin
Harris
HarteHk
Also Mentioned on This Page
John McDonough
George Campbell
Sun Color Lab
Second St
Sun Color
Unique Ink
Ted Hill
Business Mirror
Dow Jones
UPS and Downs
New York Stock Exchange
Philips Ind
Cook
American Stock Exchange
Compac Co
DCL Inc
Hercules
Hoernw
Jy HollySay
HouseFin
LaPacif
Hous LP
Va Ltv Corp
Nia LuckSir
Vataru
Ma Howmet
Wa LD MadisFd
Ity
Jenett — Magnavox
Marao
Donalds
Interlake
Ig InNick
Merck
Mohasco
Monsan
Kennecott
A Kerr McGe
We MonPw
Ailyhite MorNor
Wea Wa
Ak Motorola
MeggiRid
Nabisco
Kroger
Ag NatAirl
LearSieg
NaiCan
NevPw
Raytheo
RCA
Northrp
Norton
StroeMinn
Stregp
Omark
Ant Va Scherg
Vo Owen Cn
SCM Cp
Owentl
Va Scoaind
Bet Vg
PQ — ScottPap
Vove
E— Va PacGas
ShellOi
PanAm Air
Dlg
Penn Cent
SingerCo
PennDix
SmithKline
SonyCode
Va Penney
PaPwLt
SouthCo
PepsiCo
Sonres
Pfizer
Phila
Phil Morr
Sperryr
Ng StOitOh
E StaufCh
Stevens
SterDrug
Quaksto
Ey Tektronx
Telex Cp
Tenaco
Varian
Tesoro P
Ug Vendo
Texaco
Vetco
Texetr
Texsglf
Su Wachova
Warnerl
TexPac Ld
WasWat
TimeMir
Union
Timlin
WestgEl
Todd Shipyd
Weyerhr
Trans
Whittaker
WilmsCo
UniTel
American Exchange
Karsrind
Wes
Exchange
KanebSv
de Sales
Aegis Corp
Cho. LaMaur
Am Petrof
BanshCdl
Barnes Engal
BradRoa
Marshal Ind
McCull
Brewer
Wwa
Milgo Elect
Svat
EarthRes
Ryan Ho
Frontier Air
Nia Gearhart
SheltRes
Jase
Gian
Terrac
Goldfield
Vals Tuftco
Huskyo
Vikoa Inc
ImpOil A
Xonics Inc
Juniper Pet
Associated Press
Aztec Film
East Broadway
Uzi
Scottsdale — Sunburst Hotel
N. Scottsdale Road
Phoenix
J. Milton Newton, Inc
North Central Avenue Financial Center
Ment
St Petersburg
Tampa
Miami
Ft. Lauderdale
Orlando
Daytona Beach
Sonville
Houston
Jackson
Miss
SUN Control
Hughes-Calihan Corporation
North 16Th ST
Fountain Hills
Sun City
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