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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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John
England
London
Elizabeth of
America
United States
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