Renault Cuts Prices on 1964 Line in U S
Renault Inc announces a price cut averaging 3 percent on its 1964 U S line, trimming average prices below last year as Renault sales in the United States fell to 18,? months into 1963 and rival imports like Volkswagen maintain leadership. The move could shift import price dynamics and impact domestic compact car competition, while Volkswagen disputes any price changes in response.
MENTIONED IN THIS ARTICLE
New York
Hins
Registrati Nault, Inc
United States
R.il Pok “Co el Porter
Inault
U.S
Nault Automotives
Vincent Grob
Company Press
Renault
Triumph
Volkswagen
Shahenges
Inito
Isition
J. Stuart Perkins
Generali Smanager
Off
China seeks more imports as Sino Soviet split widens markets
London reports the Federation of British Industries says China is actively shopping in world markets for missing materials. It notes a shift toward diversification away from Russia, with traditional Eastern European suppliers reluctant to continue and imports rising to 5.3 percent of the home market this year. Renault cut prices on several models, from $40 on the Dauphine to $266 on the Caravelle.
MENTIONED IN THIS ARTICLE
London
Federation ‘of British Industries
China
Britain
Federation
Russia
Europe
Renault
IRS rules on travel and expense deductions praised
New expense account rules, effective Jan 1, 1963, reduce abuses and improve reporting says Internal Revenue Commissioner Mortimer Caplin. He defended the rules at a Lawyers Division dinner, noting confusion has eased, compliance rising, and that deductibility remains the key standard.
MENTIONED IN THIS ARTICLE
New York
HTNS
Internal Revenue
Mortimer MM. Caplin
Caplin
IRS
T&e
Lawyers’ Division
American Jewish Committee Appeal For Human Relations
Promacy
Successful Investing American orders Concorde jets
American Airlines placed an order for four Concorde supersonic jet planes joining Pan American with six and Continental Airlines with three. The moves mark American’s entry among early U S buyers amid a growing market for Mach 2.2 passenger airliners and related industry optimism.
MENTIONED IN THIS ARTICLE
Paris
American Airlines
American
Pan American
Continental Airlines
Pan Am Trans World Airlines
American-made Supersonic Past Should Be Exercised. ‘“Neversenger
Underwood
Opsag
Pacific Intermountain Opera
Labor threats affect trucking shares discussed by Spear
Investor questions growth vs safety in a mixed portfolio. The column notes rail strike fears and labor talks, favoring select stocks like Pan American World Airways and industry groups. It recommends holding Continental Insurance with caution, suggesting aviation and oil stocks may lead gains while other names show weakness.
MENTIONED IN THIS ARTICLE
Continental Insurance
Life In_ Bach & Co
Virginia
World Airways
United
Air Lines
Jim Waller
Wall Street
Hernationals
James Hoffa
OK Statistics Co., Inc
Federation Sees China Shifting to World Market for Supplies
The federation notes that China cannot source all required materials from Communist blocs and is increasingly seeking goods on the global market, highlighting a shift toward international commerce amid economic pressures.
Market seems sound says Hemp Hill firm on profits
Wall Street commentary from Hemp Hill Noyes & Co. argues the market looks sound with little unfounded speculation. The firm notes improving industry profit margins, a falling payroll cost to gross income ratio, rising payrolls, and slower growth in retail prices over recent months.
MENTIONED IN THIS ARTICLE
New York
UPI
Hemphill, Noyes & Co
Diamond sales head for record
World diamond sales look set for another record year led by De Beers central selling organization controlling over 80 percent. Value may reach at least 2 million pounds, with natural and man-made stones impacting prices. Industrial use and supply concerns, including Russia, Germany, and Japan, shape the market as De Beers notes strong demand and varied global participation.
MENTIONED IN THIS ARTICLE
London
de Beers
Lmit
de Beersler
Russia
Marthe
Paris
Germany
Italy
Field
Japan
Africa
General Electric
United
Odd wood and rocks float and sink around Nak joe Lake
In southern Alaska’s Nak joe Lake, experts note rocks that float, NOME-Rock, and wood that sinks. The rock is lighter than water, identified as pumice, while the wood is petrified.
MENTIONED IN THIS ARTICLE
Alaska
Nakjoe Lake
Stanford to Found Peru Business School in Lima
Stanford University will establish South America’s first exclusive business administration school in Lima Peru this year. The project aims to train local professionals and expand educational opportunities in Peru and the wider region.
MENTIONED IN THIS ARTICLE
Lima
South America
Peru
Stanford University
Education tops beneficiary of corporate gift dollar
A National Industrial Conference Board survey shows education receiving the largest share of corporate giving in the previous year, totaling about 41.9 cents of every dollar. Major foundations and firms like Ford Foundation aided colleges and universities, while health and welfare groups, rural causes, and other sectors also received funds. The study covered 465 firms, with education accounting for roughly one third of all corporate donations.
MENTIONED IN THIS ARTICLE
Jesse Bogue
Health and Welfare Groups
NEW York
UPI
Lion of
United States
Iauses
Ecos
John Watson
NICB
Dofference Board
Campaignilar
Edu
Education
Council For Financial Aid
Ealth and Welfare
Particulpaucs Gestasy Waco Muse
Ford Foundation
Sellar
National UI
Mariitime
Tae
Suit asks mortgage foreclosure in Erie County court
The Federal National Mortgage Association filed a 12735 dollar mortgage foreclosure suit in Erie County Common Pleas Court against Milan area residents John Richard and Rita J Meredith and Leroy and Marian W Spayde. The Merediths sold the property securing the note to the Spaydes. Erie County treasurer Virginia Grathwell also claims an interest. The association seeks foreclosure and rights of the treasurer noted.
MENTIONED IN THIS ARTICLE
Sandusky
Federal National Mortgage Association
Chicago
Milan
Erie County Common Pleasy
John Richard
Rita J. Meredith
Hoover Rd
Leroy
Marian W. Spayde
Merediths
Columbus Park
Perkins Township
Spayde
Virginia Grathwel
Erie County
Mortgage Association
Also Mentioned on This Page
Renault, Inc
Journal
Financial Times News Service
Roger E. Spear
Investment Securities
Spear
Avco
Corn Products
Corning Glass
W. R. Grace iLife & Casualty of Tennessee
iMagnavox
Mosler Safe
Pfizer
Ronson
Transamerica
News of the Financial World
States
Lilely
Carl F. Russert
Fulton, Reid & Co., Inc
Midwest Stock Exchange
Columbia Ave
Elyria
Fairfax
Tappan Company
McDonald &Company
New York Stock Exchange
American Stock Exchange
Mudheest Stock Exchange
James M. Haas
Lorain County Bank
Cleveland
Akron
Bowling Green
Canton
Cincinnati Golumeus
Dayton
Elyria Findlay
Granville
Hawilton
LIVA
Mansfield
Springfield
Toledo
Youndstown
Rst Business School
Docslops Stock Fund, Inc
St Brecestors
John Jackson
Whitman Blvd
Endicott
Lowell Stone
Cleveland St
Emerson
Pierre R. Smith & Co
Elyria Savings & Trust Lorain
Compani
Aanaele Wera Mara
Cleveland Ave
Amherst
Ohio
Broad St. Elyria
Herrick Ave
West Wellington
Ithin
Iron Lake
The
Elyria Savings and Trust Company
Member
Federal Deposit Insurances Corporation
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