Wall Street natives uneasy amid market roller coaster
Wall Street natives are restless as Dow Jones averages fail to close above 1000. Despite headlines of growth and optimism from brokers and analysts, J Howard Laeb of National City Bank warns that pressure on the economic boiler is rising.
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Wall Street
Dow-Jones
J Howard Laeb
National City Bank
Congress
Wall
Wholesalers expect gains in 1966 profit rise on sales increase
New York based Dun and Bradstreet reports wholesalers expect a 6.7 percent profit rise in 1966 on a 7.9 percent sales gain, with metals and minerals sector most optimistic at 161 percent profit rise and dry goods least optimistic at 45 percent. Inflation, wage pressure, and tax hikes loom, while Social Security coverage urged before March 31.
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New York
UPI
Dun & Bradstreet
D&b
Metals and Minerals
Scrap metal prices fall at major market centers
Scrap metal prices dropped sharply this week at key market centers as brokers bid lower on April automotive tonnage lists. Steelmakers rely on in stock and hot metal to back high-furnace melts.
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Cleveland
UPT
Steel Magazine
Franchise seminar brings top executives to public event
Top executives led by Sheraton Corp. and Mister Donut Corp. officials will address a Boston College campus audience April 11 13 as part of a franchise show. David Slater Boston Colm head outlines the plan to connect executives with the public at a two way street event.
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New York
UPI
Annoas
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Slater
Boston Colmen
Mister Donut Corp
Thej
Boston College
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Taigo
Pepsi-Cola
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Communications
Lawyers seek guidance on handling insider information
The Practicing Law Institute aids lawyers and clients with current legal knowledge. A recent New York forum discussed when and how to disclose insider company news to avoid stock price manipulation. Speakers urged quick denial or confirmation of rumors to prevent future embarrassment.
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UPI
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SEC
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Harold P Seligson
Seligson
Index slips from peak as output nears full capacity
The Index eases from last week's record high with slight drops in electric power auto and steel production. Manufacturing runs at about 90 percent of theoretical capacity in February, near the 92 percent practical ceiling, as overtime and idle equipment remain tight amid rapid plant expansion. The Chronicle notes limited productive workers and mounting pressure on factories as gains may flatten.
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McGraw - Hill
Ries
Kaiser Jeep Lands $90 Million Army Truck Contract
Kaiser Jeep Corp in Toledo won a $90 million Army contract for 20,680 general purpose cargo trucks and ambulances for 1967 68. U S Rep Thomas L Ashley announced the award with Kaiser executive VP Cruse Moss saying it is the largest contract since World War II for the company or Willys Motors.
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Toledo
UPI
Kaiser Jeep Corp
U. S
Thomas L. Ashley
Cruse Moss
Kaiser
Willys Motors
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