Trade tensions rise as US France clash over subsidies
U S and France clash over export subsidies and import ceilings while Japan trade frictions prompt US response. May deficits widen as imports hit record, exports fall, and five month trend shows growing gap.
MENTIONED IN THIS ARTICLE
Jack Lesler
New York
United States
France
Japan
William M. Roth
Johnson
Roth
Tokyo
Commerce Department
Area investors favor solid firms over speculative buys
Local brokers in Southern Illinois report conservative buying. I M Simon and Lamson Bros in Carbondale reject speculation in favor of investing and trading. Charles Lerner notes the trend mirrors larger cities but stays wary of excess.
MENTIONED IN THIS ARTICLE
Southern Illinois
I. M. Simon
Lamson Bros
Carbondale
Charles Lerner
I. M. Simon and Co
New York Times
Sidney Schoen
America
Bonds Down After Tax Bill Passage
Bonds fell after Congress approved a 10 percent surtax. Treasury prices drifted lower by week end, short rates tightened, and 3 month bills rose as heavy new financing loomed. Corporate bonds dipped amid a $1 billion July issuance. munis held steady to slightly lower amid a muted reception.
MENTIONED IN THIS ARTICLE
United States
Commerce Department
U.S
House Commerce Subcommittee
Federal Reserve Board
Robert D. Haworth
New York
Congress
Treasury
Salmon Brothers & Hutzler
Wall Street
Du Quoin Livestock Market Prices Week Ending Friday
Heavy trading activity marked the Du Quoin livestock market as sales stayed steady from the prior week. Hog top prices closed at 21.25 and sows at 17.25.
MENTIONED IN THIS ARTICLE
du Quoin
Over the Counter Quotes From The Southern Illinoisan
The Southern Illinoisan compiles OTC security quotations as approximate ranges between bid and asked prices. The figures are unofficial and intended as a rough guide for investors.
MENTIONED IN THIS ARTICLE
Southern Illinoisan
Number growing Millionaire no longer dream
A New York Times piece notes the rise of possible millionaire status through high return investments. It cites 1958 and 1965 growth in affluent numbers, then explains compound interest and fund performance. At 11 to 33 percent annual gains, $30,000 at 40 could reach $1 million by 65.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
New York
Millonaires
Fundscope Magazine
Speculative fever in stock market cools after wild run
Speculative fervor eased this week as warnings from exchanges and brokers cooled activity. Volume fell on the New York Stock Exchange to 52,948,390 shares from 55,972,900, while major indices dipped and the market showed more decliners than advancers. A broker cited notable consolidation yet no real damage, predicting renewed buying on any pretext.
MENTIONED IN THIS ARTICLE
Jack Lefler
New York (Ap
New York Stock Exchange
Speculation concerns raise alarm across markets
Investors nationwide show a penchant for gambling with funds chasing hot issues. Brokers warn excessive speculation could spur a sharp market decline, threatening over time even blue chip stocks as traders chase fast gains.
Wheat and Corn Prices Fall for Sixth Week on CBOT
Wheat and corn futures declined for the sixth straight week on the Chicago Board of Trade. Lows for the season appeared in rye, soybeans, and soybean oil while soybean meal showed mixed moves. Weather and drought-driven demand abroad influenced prices as field work paused then resumed.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Eorn
Interlocking directorates Being Broken Up by DOJ
Washington AP report says interlocking directorates involving 16 companies including large industrial firms are being dissolved after Justice Department threat of legal action. Attorney General Ramsey Clark announced the agreement to eliminate the conflicts, following a proposed antitrust challenge.
MENTIONED IN THIS ARTICLE
Washington
Justice Department
Atty
Ramsey Clark
Also Mentioned on This Page
Area Investors Conservative
Floyd L. Walker
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G. H. Walker Co
Russia
Walker
ASON
Thurs
DOW Jones
Jasond J Fmam
Associated Press
Arkansas Valley
Heath Tecna
Clinton Oil
Pubco
Albert L. Kraus
Standard & Poor
Vartanig G. Vartan
New York Times News Service
Minneapolis
Jack M. Pink
Piper, Jaffray & Hopwood
Kansas City
Edward Profman
Kansas City Power and Light
Missouri Power and Light
Duquesne Light
Kentucky Power and Light
Boston
Alice Coburn
Beantown
Duplan
Board House
E Blankenship & Co
Farnham
South Illinois
Illinois Savings and Loan Association
Murphysboro
I. M. Simon & Co
Charles J. Lerner
John L. Uffelman
Charles Dohanich
Curtis F. Downen
West Main Street
Carbondale, Illinois
Bank OF
Evansville
Vergennes State Bank
First National Bank OF
F.D.I.C
Cc Federal Deposit Insurance Corporation
DE Soto, Ill
Illinois