Market slips as uncertainties halt weeklong peace rally
Amid rising rates inflation and a slow pace of fiscal restraint, stocks sold off late in the week. Bond traders cited Washington inaction on tax and spending cuts as rates rose and prices fell. The week saw a Canadian debenture offering at eight percent and gold surging past 40 dollars an ounce in London. Industrial output stayed at March’s peak, while car sales and housing remained strong.
MENTIONED IN THIS ARTICLE
New York
Congress
United States
Vietnam
Paris
Europe
Wall Street
American Stock Exchange
Washington
House of Representatives
London
Federal Reserve
U.S
Britain
Coal groups warn of economic tragedy over strict standards
The West Virginia Coal Producers Association and the United Mineworkers of America warn that unrealistic coal cleaning and thermal drying standards threaten the state’s economy. George M. Tittler, UMW vice president, warns impossible standards could force operators to close and lay off miners statewide. Paul Morton is also noted in the statement.
MENTIONED IN THIS ARTICLE
West Virginia Coal Producers’ Association
United Mineworkers of America
George M. Tittler
UMW
Mr. Tittler
Paul Morton
Experts warn on pollution at Charleston news conference
The forecast president of the state CPA and colleagues urged cautious progress before hearings by the State Air Pollution Control Commission. They agreed most air and water pollution issues can be solved, but not overnight or by unattainable standards regardless of funding.
MENTIONED IN THIS ARTICLE
CPA
Charleston
State
Air Pollution Control Commission
New York Times Business Index Dips to 319.3
The Times weekly index of business activity fell to 319.3 last week from 322.9, with a year-ago reading of 303.9. The accompanying table lists the index and its components, all adjusted for long term seasonal trends.
MENTIONED IN THIS ARTICLE
New York
New York Times
Steel Industry Faces Overseas Competition Challenges
The article notes rising concern over foreign steel imports into U S markets. U S Steel and other producers prepare countermeasures amid intensifying controversy and congressional action.
MENTIONED IN THIS ARTICLE
Steel Industry
Congress Is Urged To Action on Steel Import Quotas
U.S. Senator Jennings Randolph urged the Finance Committee to fast track a bill for import quotas on iron and steel mill products. He co sponsors a measure with Senator Vance Hartke to promote orderly steel trade and warned that rising imports threaten the steel industry and national security with a growing balance of payments deficit.
MENTIONED IN THIS ARTICLE
Washington
U.S
Jennings Randolph
D-W. Va
Finance Committee
Randolph
Vance Hartke
Indiana
Russell B. Long
West Virginia
United States
Labor Contracts Favorable in Early 1968 Settlements
The Labor Department reports major contracts in Q1 1968 call for median wage and benefit increases of 58 percent annually. The Bureau of Labor Statistics notes a median package rise and that about 700,000 workers were covered by settlements in copper, can, and glass industries.
MENTIONED IN THIS ARTICLE
U. S. Labor Department
Bureau of Labor Statistics
Darinka's Bridal Salon Plans July Move
Darinka's Bridal Salon Inc. announces relocation from Hotel Morgan storeroom to the former Chicago Dairy Market space on High Street. Treasurer Mrs R A Darinkas Chittum aims to complete by July 1 with Dan Stefanovich overseeing architectural work from Pittsburgh. The store will feature a ground level specialty shop and a sunken mezzanine bridal salon with a two tone pink interior.
MENTIONED IN THIS ARTICLE
R. A
Darinkas) Chittum
Darinka
Bridal Salon, Inc
Hotel Morgan
Chicago
High Street
Dan Stefanovich Oat
Pittsburgh
Chitturm
Jean Fashaa
Travel Group Sets Opening In Huntington
The West Virginia Travel Council will start operations at a temporary Huntington headquarters in June. Financed by private enterprise, the agency aims to expand tourist attractions statewide and work with regional councils and the Travel Development Division. Curtis C. Jones of Huntington will direct the council.
MENTIONED IN THIS ARTICLE
Huntington
West Virginia
West Virginia Travel Development Division
State Department of Commerce
Curtis C. Jones
State Travel Division
Also Mentioned on This Page
Business and Labor
Thomas E. Mullaney
Times Index
Electric Equipment CO. Electrical Contractors
U.S. Steel
USS
Wall Street Journal
Financial Daily
Cleveland
St. Louis
Bethlehem Steel Corp
Jones & Laughlin Steel Corp
Charles M. Beeghly
Patricia Lambert
Masontown
Loving Furniture
Morgantown
Miss Lambert
Dick Shaffer
Loving
Office Service
Beechurst Ave
David L. Solomon
Consumer Credit Department
Farmers' & Merchants’ Bank
Morgantown, West Virginia
Member
Federal Deposit Insurance Corporation
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