GM Posts Record First Quarter Profit Toppling Industry High
General Motors reports a 636 million first quarter profit, the largest ever for any firm. GM surpasses prior records set by Ford and Chrysler and leads 1964 totals with 5.5 billion in quarterly sales and 2.22 dollars per share. GMC employment averaged 737,963 with paid payrolls of 1.3 billion.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
Ford
Chrysler
U.S
Ford Motor Co
American Motors
GMC
Donner-Gordon
Steel Lobby Secures Four Month Peace In Steel Industry
Pittsburgh AP reports a four month labor truce in the steel industry after a tense day of debate. United Steelworkers president David J. Mac Donald and basic steel industry negotiator R. Conrad Cooper announced an 11.5 cent hourly raise as a temporary measure pending a final contract. The deal delays a strike and may be revisited if wage talks stall, with both sides reserving 30 day notice options and potential further bargaining. The pact follows a close Wage Policy Committee vote and precedes results of the presidential election affecting negotiations.
MENTIONED IN THIS ARTICLE
Pittsburgh
David J. Mac Donald
United Steelworkers
R. Conrad Cooper
Cooper
McDonald’s
McDonald
Une Fon
SW. Abel
U.S. Labor
Livestock Market Averages and Price Ranges Listed
The report itemizes hogs veal lambs and cattle prices with topweights and per hundredweight ranges. It lists feeder pig and stock feeder cattle figures and notes varying quality classes from utility to prime across species. The fragment ends mid sentence with a notation about yearling or yardage figures.
MENTIONED IN THIS ARTICLE
Prime
Steelmakers' Profits Soar In First Quarter
New York AP reports the Big Three steelmakers posted record profits in the first quarter as demand remained strong. U S Steel earned 73.77 million dollars, Bethlehem 44.13 million, and Republic 23.28 million, with sales rising and capacity used to meet current needs and stockpile for a potential May 1 strike.
MENTIONED IN THIS ARTICLE
New York
U.S. Steel Corp
Indker
Bethlehem Steel Corp
Republic Steel Corp
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Cutter & Utility
Frigidaire
Osprey Lla Arena
Medel Ufd
Ca. R
Rheem
Northern Virginia
Winchester
Berryville
Strasburg
Front Royal
Luray
John
Bradley
Milton Davis
Capital Virginia
Insecticoes
Miller’s Hardware
N. Loudoun St
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