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Increased Military Spending May Hedge Civilian Slump
AP News: As civilian demand cools for steel and autos, military orders push durable goods up 2 percent to a new high. Transportation equipment gains and aerospace needs drive orders while Viet Nam and Dominican unrest boost military demand. April shipments hit 22.1 billion, personal incomes set a record, and corporate profits fuel higher dividends.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York (Ap
Viet Nam
Dominican Republic
Congress
United Steelworkers of America
David J. MacDonald
I. W. Abel
Boards of Directors