Tax cut boosts May retail and capex, says Commerce
AP reports the income tax cut lifts consumer income and business activity. May sales rise 13 percent from April and 7 percent year over year, with May Co. posting 8 percent higher sales. Commerce Department notes capital spending up to 12.9 billion, February boost at 10 percent. Hodges attributes growth to peacetime policy and tax cuts.
MENTIONED IN THIS ARTICLE
Jack Leflor
AP Business News
New York (Ap
Commerce Department
Big May Co
Morton D. May
Secretary of Commerce
Luther H. Hodges
Wheat futures demand slips amid hedge selling fears
In Chicago, June 13, wheat futures held near season lows as demand waned. Hedge selling and harvest weakness in the southern Great Plains weighed on prices, while brokers noted doubts producers would sell in large quantities. A government subsidy plan could cushion farmers against market drops. Open interest rose modestly by six million bushels.
MENTIONED IN THIS ARTICLE
Chicago
Tye
Great Plains
Market Makes First Advance In Four Weeks
Market gains in a light volume week easing from May 7 highs. Dow Jones average up 2.36 to 809.49 and the Associated Press average advances 24 to 805.0. News cited include Texas Gulf Sulphur court suit impact, GM, Xerox, A M F, and Pan Am rises, with aluminum prices up and unemployment at multi‑year lows. Officials noted rising optimism in manufacturing and retail spending.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Wall Street
Canada
General Motors
Xerox
American Machine & Foundry
Cerra
Zenith
Control Data
Pan American World Airways
Hog Market News From Chicago Livestock Market
Week ending Friday saw hogs marketed in normal volume with closing prices up. Cattle and sheep trends showed slaughter steers strong to higher, heifers steady, cows and bulls weaker, while hogs rose 50 to 75 cents from last Friday with varied loads and weights reported in Chicago bids.
MENTIONED IN THIS ARTICLE
Meath
Tiny Gains for Government Bond Market in Sluggish Week
In New York the bond market posted scant gains for the third consecutive week while most government issues drifted. The week saw a strong GMAC 22 year debenture sale totaling 130 million, boosting corporate activity. Government yields rose early, then steadied on hopes July cash needs may be lower than expected. The calendar includes several large issuances, including Public Housing Authority tax exempt bonds of 119.1 million and Public Service Co. of Colorado at 35 million.
MENTIONED IN THIS ARTICLE
NEW York
U.sovernment
Associated Press
New York Stock Exchange
General Motors
Lief
Treasury
Federal Reserve
Public Housing Authority
Public Service Co. of
Colorado
Over Counter Stocks Quesitions Text Lacking Clarity
The Nationic Association of Securities Teaters discusses questions on over the counter pricing. It states bid and asked ranges are unofficial approximations. The document lists unclear items and examples like Bank of Any WW and Viking reichl oe with fragmented details.
MENTIONED IN THIS ARTICLE
Nationic Association of Securities Teaters
Viking Reichl
Weekly Sales Signal From A Year Ago Report
A fragmentary market note cites year-old sales figures labeled AY. The garbled text mentions stock names and numbers such as 85, 13th, and references to Midwest Stocks and American Stock. No clear event or figures beyond a vague archival stock snapshot.
MENTIONED IN THIS ARTICLE
Werbi
Rani Sammi
Issues Traded Roy Sirens New York Bonds AEA Sees Amer
The report notes trades affecting the Roy Sirens and New York bonds while the American Employers Association sees potential shifts in American markets. Analysts weigh risks and opportunities as the market reacts to new data and policy signals.
MENTIONED IN THIS ARTICLE
Roy
AEA
Amer
Franklin article appears in Sydney Morning Herald and more
Mr. and Mrs. Richard Franklin of Cac-]g0m appeared in the Sydney Morning Herald for Sydney Australia. Franklin, director of the South Taipan Beec ern Illinois University communes in the city development institute, was in Australia to attend an international conference on community development. He and his family are returning to the United States after traveling about 11,000 miles through Australia.
MENTIONED IN THIS ARTICLE
Forligy Nontis Amster Gast
Ana Anum
Australis
Austral Stasi
Pau Richard Franklin
Bondale
Sydney Germany
Sd ‘Morning Herald
Sydney
Australia
Tratccen
Franklin
South Taipan
Beecern Iinois University
Ie Jity Development Institute
Attten Australie
Tarankey
Sorel
York
Medelat
Eh Milan
United States
Cine N.C
New York
Yokkildenweak
Evomlymos
Tni
Nore
Andy Nang
Tousha
Peru
Matars
Atuh
Polndasitysys
Poland
Mit
Occidant
Petra
Gillette
Dewith
Warsaw
Also Mentioned on This Page
Tan
Tangas
Moncey
Thureday
Dex
Carbondaie
Commerce Report
U. S. Security Treasury Bonds
Mar Roar
Blue
Eon As
Carbondale
Murphysboro
Dy Quoin
Anna
al Aluminum
Franklins
Dow-Jones
Jayin
Do-Jones
Indus
Inc
Hadaram Algo Allan
Tatum Const. CO
Bill Tatum
John Grisley
Carbondale, Ill
Cy Momouar
Member
Federal Deposit Insurance Corporation
Charles Denby
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