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The Chronicle Telegram in Elyria, Ohio

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Articles on This Page

This newspaper page contains 13 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Feb 09, 1963

Page

2

Japan seeks cheaper coal to ease steel costs

Tanabe, head of Fuji Iron and Steel, told a New York press conference that Japan's steel industry faces high coal costs and calls for cheaper sources. He proposed lower freight rates from West Virginia to Hampton Roads and plans to import more U.S. coal using faster 50,500 ton carriers. Japanese demand hinges on sustained production and stable scrap imports. Japan remains a major buyer of oxygen converters and imports most of its iron ore and coal.

Jesse Coal Upi New York UPI U.S Tanabe Australia Pacific Sabura Tanabe Tan Materials Fuji Iron, & Steel Company I T & Mews Japan United Economies States Austral West Virginia Hampton Roads Virginia F.C.B Sakxi United States

Pace of activity causes concern

New York based Federal Reserve Bank of New York reports little change in the pace of economic activity in recent months with some slowing of gains versus 1961. The February Monthly Review notes the gap between actual and potential output remains unresolved while consumer demand, fixed investment and government spending show varied changes through 1962 and into January.

New York Federal Reserve Bank of New York

Pakistan Five-Year Plan Expands Irrigation Reach

Conservation efforts under Pakistan's five-year plan have brought 25 percent of land under cultivation and irrigated 443000 acres in West Pakistan, signaling a major push to boost agricultural output.

Karachi Pakistan

Credit consumer boom tied to postwar economic optimism

Washington reports show U S consumers owe about 61 5 billion on installment purchases and mortgages totaling 180 billion, up sharply from two decades ago. Economists say growing credit comes from more available goods and ready financing, with a 1 percent delinquency rate and installment payments at about 13 percent of income, signaling confidence in the economic future.

Washington UPI Lit Eco Mandons U. S Federal Reserve Board Banka

Inland waterway tax looms across the nation

UPI reports Congress faces possible inland waterway charges on barge lines. Railroads argue ships on federally maintained waterways enjoy a free ride, while observers warn of regional battles over shipping costs. Volume of inland freight has risen from 180 million to 330 million tons in 12 years, highlighting growing pressure on policy.

Jesse Rogue UPI New York 88Th Congress Uncle Sam House Ways and Means Kennedy Yates Cathn Washington, D.C Annals of the American Academy of Political and Social Science Middle West Catlin BOM

Seaway Toll Push and Ports Face Selling Battle

The 5. Lawrence Seaway moved record 27 million tons in 1982 with forecasts nearing 30 million for 1963. Critics doubt long term value as tolls and port facilities spark debate and a push by the International Association of Great Lakes Ports to market the Seaway overseas.

MTNS Fnancial Times Toronto 5. Lawrence Seaway Great Lakes North America Lawrence International Association of Great Lakes Ports Coopera Chicago

Stocks open lower in irregular New York session

Stocks opened irregularly lower with many declines and small gains. International Paper fell to 284% on 1,700 shares while American Telephone rose to 123% on 3,000 shares and International Harvester gained to 33% on a block of trades. General Electric slipped to 78% and DuPont dropped to MLN.

NEW York UPI International Paper American Telephone International Harvester Allied Chemical Polarind General Electric Sears Roebuck Eastman Kodak Shed Universal Oil

Podiatrists hear Sheffield doctor at Lorain meeting

Sheffield physician Dr Anthony F Piriano gave slides on skin ailments of the feet and their diagnosis and prognosis at a meeting of Lorain County Podiatrists held at McGarvey's Party House. Dr Galina Hrushchov from Avon contributed.

Sheffield Anthony F. Piriano Elyria Academy of Lorain County Podiatrists McGarvey Piriano Galina Hrushchov Avon

Volkswagen to Close for Two Short Periods in US Delivery Hold Up

Volkswagen plans two brief shutdowns caused by dock strike related delays in U S deliveries, forecasting a spring sales campaign likely to be weak. The tie to North American market remains strong with about 1000 of 500 daily cars destined for export. output loss around 45000 units due to the nine day halt, with German private sales and major concerns adjusting for the spring demand.

Volkswagen United States North America Germany

De Gaulle chills U.S. investors in France

Paris reports a cooling in American funding plans as De Gaulle’s government challenges U.S. concerns over Europe. Paris financiers note a likely slowdown in U.S. capital flow, with France hinting at unilateral actions to curb monopolistic investments while seeking mutual gains through Franco American banking and industry links.

Gaston Ocoblentz Paris HTNS France Charles de Gaulle Rae United States Europe Totar New York de Gaulle U.S Washington Valery Giscard Ty’ Heink Sve West Germany Fly Holland Belonim Jembourg Gen de Ga Bar Rene Great Britain paoLkely Frms U. S Additon Fulton, Red & Co

Wall Street Market Seen Vulnerable Amid Mixed Signals

Wall Street appears vulnerable with cautious outlook from Bradbury K Thurow of Winslow, Cohn & Stetson. He notes prices offer an inducement to rise but market looks tired and lacking buoyancy. Value Line cites improving airline earnings and a possible turning point for the industry, yet overall weakness in many groups suggests a continued correction may follow.

New York UPI Bradbury K.thurow Winslow, Cohn & Stetson Hime Thurlow Tor, Bache & Co

Milan Mothers Club to hear teacher program

MILAN The Milan Mothers Club will meet Monday at 30 for a potluck supper followed by a regular business meeting. A program of color slides and a talk will be presented by A Kenneth Weaver. The Milan school teacher will travel to Portugal Spain Italy and Switzerland to plan the spring clothing sale.

Milan

Gold and Silver Markings What They Mean

An explainer on precious metal marks in jewelry from sterling standard to karat purity. It covers sterling history 92.5 percent, 24 karat gold, common alloys 14 16 and 18 karat, and gold filled pieces. Practical notes include maker marks and the Natoma act protections.

John England London Elizabeth of America United States

Also Mentioned on This Page

News of Os the Financial World Smner Trinity By Ben Weberman Investors Mutual, Inc Gali Lowell G. Stone Cleveland St Klyria Ohio John L. Ea Whitman Bivd Flyria Anding Henastors Diversified Services, Inc Arvestors Syndicate Life Urance & Annuity Black Top Drive Lehman - Johnson Lspeich Hogepr D. Eutman Pew Oleign Wall Street Mothers Club Midwest Stock Exchange Carl F. Russert Representative Ave Colum Sec Rea & A Carl F F. Russert Pierre R. Smith & Co Elyria Savings & Trust Ph. FA Rerrich Ave West Wellingths Mager Lorain Comaly East Broad Street Ottles Lorain County Savings and Truet Lorain County Savings and Trust Company Lorain County Savings & Trust Company Amherst Oberlin
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