Government economists see steady rise in activity through 1964
Government economists expect business activity to rise through 1963 and into 1964 with only a slight slowdown in the second half of 1963. They warn a tax cut could prevent a recession next year, but postponing action risks a downturn by year’s end. They project output growth, modest jobless rates, and continued consumer spending driven by a possible tax stimulus.
MENTIONED IN THIS ARTICLE
Washington
Congress
Anon Astagger
Kennedy
Staff Inc
SEC study warns self regulation must address Silver case impact
NEW YORK SEC report on self regulation in the securities industry notes the Supreme Court Silver decision raises concerns. It urges exchanges to enforce their self regulatory duties with adequate powers while the SEC retains review, as NYSE severed wires linking members and a non member broker dealer, a move challenged in court.
MENTIONED IN THIS ARTICLE
New York
UPLN
Securies and Exchange Commission
Supreme Court of the United States
SEC
Commission
New York Stock Exchange
NYSE
SEC Special Study
Fev
National Association of Securities Dealers
Siver
Exchange Act
American Stock Exchange
Boards of Governors
Texas cave a versatile landmark with historic uses
Burnet Texas Longhorn Cavern, the worlds third largest scenic cave, spans central Texas limestone formed 500 million years ago. Remains of prehistoric bears elephants and deer found there. It may have sheltered prehistoric humans and beasts. During the Civil War it served as a gunpowder factory and Confederate storage. Later residents used the cave for a night club before Texas made it a state park in 1922 attracting up to 35 000 visitors yearly. The piece also covers SEC antitrust rulings and self regulatory oversight in exchanges.
MENTIONED IN THIS ARTICLE
Burnet Tex
UPI
Longhorn
Texas
Burnet Area
Cuba maintains selective industrialization amid embargo
Cuba pursues selective industrialization despite European reports of a halt. Castros weekend statement calls the idea of building large factories not firmly based in reality, yet work continues on practical plans. A Brush plant for kenaf processing and a French plant to extract sugar by products move ahead, while Cuba scales spare part production to overcome US embargo limits. Fernando Guerra attends London talks to renew trade ties as Castro signals more cultivated land to public ownership reaching well over 60 percent.
MENTIONED IN THIS ARTICLE
Cuba
Europe
Prenmier Castro
London
Fernando Guerra
Ministry of Foreign Trade
Castro
Rise of Research Centers Shapes U S Industrial Outlook
New York stars report a surge in research and development across industry and government. About 2 percent of the workforce and nearly a third of scientists and engineers are now in R D, with expenditures near 17 billion yearly, approaching 3 percent of GNP. Private parks grow from 29 to 50 programs, with 19 more planned, covering 200 to 5000 acres.
MENTIONED IN THIS ARTICLE
New York
UPI
United States
Stud
Uncle Sam
National Industrial Conference Board
Pelidam
James B .Shea Js
Research Triangle Park
Research Triangle, NC
Imastly
Shea
Natonal Aeromautics & Space Administration
Plum Broook Station
Sandusky
Ohio
American Can Company
New Jersey
Princeton
Ross C Walcox
Corpomne Research
Edison
Steinmetz
Wall Street profit taking forecast amid peaks in markets
New York reports that despite high velocity of buses, the Alexander Hamilton Institute predicts profit taking will become more evident as industrial and rail averages reach peaks. The institute recommends sitting tight with sound securities and keeping cash for emergencies.
MENTIONED IN THIS ARTICLE
New York
UPI
Alexander Hamilton Institute
Investment advisory letter on portfolios and municipal bonds
A Boston based firm and Colby & Co analysts review a reader's stock mix and bond allocations. They discuss strengthening growth through adding General Motors and Pacific Gas & Electric, reducing cash reserves, and evaluating tax exempt revenue bonds such as Memphis Electric Revenue and New York State Power Authority Revenue for higher yields.
MENTIONED IN THIS ARTICLE
Chicago Calumet
Memphis
New York
Cycle output drops PARIS Motorcycles in France decline
New York report notes 4 36 percent motorcycle production in France last year. Leslie Pollack of Reynolds & Co foresees a strong primary upswing and buildup in favored classes while Martin Gilbert of Van Alstyne Noel & Co cautions a cautious new pattern as the market digests the upswing and bases for a rise to record highs.
MENTIONED IN THIS ARTICLE
Paris
France
Leslie VW Pollack
Reynolds & Co
New York
UPI
Marhn Martin Gilbert
van Alstyne Noel & Co
Gilbert
Gold price in London shows signs of rise
London gold prices edged higher amid renewed speculation over U S policy on official gold purchases. Analysts note small market jumps since July reflect investor activity while the Bank of England maintains the global price anchor at the U S $35 an ounce level.
MENTIONED IN THIS ARTICLE
London
International Monetary Fund
Jim
Census Bureau
le Fulton, Reid & Co . Investment Securities
Social Security digits tell tale
Washington report explains how the first three digits of a Social Security number denote the area and state of issuance. The next two digits are always even starting at 10, with a veto exception for the first of these digits. the second digit may be odd. The Health, Education and Welfare department has not adopted odd numbers beyond 05 in this grouping.
MENTIONED IN THIS ARTICLE
Washington
UPI
Department of Health, Education and Welfare
For Dollars You Can Keep Bay Tax-Free Municipal Bonds
A local finance column examines tax free municipal bonds offering investors a way to grow wealth while keeping after tax returns steady. It explains eligibility, rates, and how state exemptions apply to residents, with caution about risk and market timing.
Four digit groups define selective service numbers
Washington reports that draft numbers split into four groupings. The first two digits reveal the state of the registrant while a two to three digit code indicates the year and registrant order. The draft board uses this system to assign appearances and track eligibility.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ngs
Sec
Robert 'T Allen
Shearson
Hammill & Co
International tourism drives A big growing world market
International tourism remains a large growing sector underpinning national economies. The United States faces balance of payments effects while several nations rely on visitors as a major income source. Despite uncertain forecasts, trips to New York and other ports boost commerce, with Japan and Nippon lines noted for outbound travel to the United States.
MENTIONED IN THIS ARTICLE
New York
UPH
Agair
Nsional City Bank of New Youth Soul
Midyo
Italy
Spain
Mexico
United States
Atlantic
Althrough
Frival
Altair Codst
al Pert
Fallon
Berra
al Nippon
Speail P & G Orent
Gov
USA
Department of Commerce
Sies
Stiphus
Seaboard
Also Mentioned on This Page
Supreme Court
Everning
Lorain
Western Reserve Inc
Ciwreland Ave
Bread
Warrick Ave
Onelyria
Offo Wellingtos
Lobe
O—Bearchat
Devon Lote
Gite
BINS
Financial Times News Service
Ww the Financial World
Jesse Bogle
Up! Financial Editor
Wall Street
By Roger FE. Spear
Eaton Mig
Bank of America
Continental Can
Columbia Gas
Lone Star Gas
Gulf of Union Pacific
North American Car
United Business Service
S. Colby
Colby & Co
Colby
APU
General Motors
Paedic Gag & Electnc
BTNS
Futon, Reid & Co
Investmest Securities
Wellington
Wellington Fund Gves
Wallingten
Pierre R. Smith & CO. P Investment Securites
Biyrie Levings & Trew Bidy
McDonald & Company
Midwest Stock Exchange
James M. Haas
Lorain County Bank
Cleveland
Akron Ashtabula
Bowling Celen Raantom
Cincinnati
Columans
Dayton
Fiyria
Findiay
Granville Bamitton
LIMA
Mansfield
Springfield Tolpdo
Yolncstown
the Central Bank CO
Sheffield
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