Buy America bug hits foreign investors trends and tradeoffs
Foreign investors increasingly acquire U S operations and farmland drawing attention to nontransparent deals and potential state limits. Volkswagen builds a plant in New Stanton creating about 1 200 jobs with projected 5 000 eventually. Other notes include a May 29 letter rate rise to 15 cents and reports of April wage growth signaling ongoing strong spending. Corporate after tax profits fell 2 percent in Q1 with a GNP revision showing a 0 4 percent annual decline.
MENTIONED IN THIS ARTICLE
Kristin Goff
New York
United States
America
Bug
U.S
Wichita Falls
Texas
David Edwards
Pennsylvania
Volkswagen
New Stanton
Richard Apcar
Commerce Deent
White House
Commerce Department
Americans eat less in 1977 may persist in 1978
AP reports USDA data show per capita food consumption fell 1 percent in 1977 with animal foods down 1 percent and crop foods down 2 percent. For 1978 a small crop food rise is forecast but animal foods may decline. red meat may drop while poultry rises. Prices likely climb 6 to 8 percent this year. Significant shifts in beef and pork drive totals, dairy slow, and fish steady. Broiler hatching records point to June beefing supplies. egg production and laying flocks rise.
MENTIONED IN THIS ARTICLE
Don Kendall
Washington
Agriculture Department
National
USDA
Skepticism over spring rally on Wall Street grows
By Chet Carrier near the end of its third month the stock market's spring rally is greeted with skepticism and confusion on Wall Street. Analysts say it may not last given the economy’s cyclical pattern and inflation fears. The Dow Jones industrial average rose to 846.85 an eight month high, up 6.15, with volume near record levels as nearly 1 billion shares traded in five weeks. Alan R. Shaw of Smith Barney Harris Upham notes the rally has shown the market can humble its creators by sending up smoke screens.
MENTIONED IN THIS ARTICLE
Agriculture Department
Soviet Union
U.S
George S. Shanklin
USDA
Russia
United States
Chet Carrier
New York
Wall Street
Washington
Alan R. Shaw
Smith Barney, Harris Upham & Co
Weather wrecks corn prices not wheat this week
Weather disrupted corn on the Chicago Board of Trade with corn futures slipping a few cents higher while wheat futures rose about 8 percent to 13.2 cents a bushel. Soybeans were mixed as planting lagged due to a wet spring and government programs to set aside cropland helped lift grain prices despite late‑week declines.
MENTIONED IN THIS ARTICLE
Cheryl Debes
Wrnter
Chicago
Chicago Board of Trade
Agriculture Department
Fragmented OCR listing of brands and figures
A dense OCR fragment lists multiple brand names and numbers such as Anheuser Busch, Falstaff, Pabst, Tejas, Pabst, and Tejas with percentages and figures like 25 252, 27% 28%, 1,250 bic, and 34'/2, implying a compiled but unreadable data table.
MENTIONED IN THIS ARTICLE
Anheuser Busch
Boatmans
Brock Exploration
Comshore
Falstaff
Louisiana Land Offshore
Mark Twain
New America Fund
Pabst
Tejas
Tomanet
Energy Reserve
MCIC
New York Stock Prices Mixed After Broad Trading Day
Stocks listed by New York exchanges show scattered gains and losses with limited overall movement. Major names such as Alcoa and Amoco display modest changes while indices reflect a subdued session as investors weigh earnings and economic signals.
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