06 Oct 1972
Page 1
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Newspaper
Winters Enterprise
Location
Winters, Texas, United States of America
Date
Oct 06, 1972
Page
1
The Babson Research Department projects about a 16 percent gain in corporate profits for the full year 1972 with higher real growth and modest inflation. GNP in current dollars rose 2.7 percent from Q1 to Q2 to an annual rate of $1,139.4 billion, with inflation easing and consumer spending rising.
Eight consecutive quarterly housing records show August starts at a high point since February while building permits rise. Nonferrous metals face weak prices amid oversupply and labor costs. Babson Research cautions against purchases, favoring other sectors. Copper remains volatile with prices low and demand slow as Anaconda, Kennecott, Phelps Dodge, Cerro face fluctuating profits. lead supplies exceed demand with price moves from American Smelting.
The article notes ongoing lead demand in gasoline additives is easing while St Joe Minerals remains strong as May zinc prices rise to 18 cents per pound. It highlights supply tightness from smelter closures, New Jersey Zinc as top zinc producer, and nickel price hikes by International Nickel and Falconbridge Nickel. Prospects for nickel look tentative with some improvement hoped in coming months.
Readers are invited to place want ads in the Enterprise Classifieds Wanted column to seek items, services, or offerings. Contact details and submission guidelines are provided in the newspaper’s advertisement pages.
Ralph Novak profiles Harold Embach, Boomerang recalls chief, noting an 18 month average of 3,792 cars recalled daily amid public relations spin. He cites the Yo-Yo recall with faulty seat covers and backwards doors, and defends industry practices while addressing consumer complaints and pricing critiques.
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