European Stars And Stripes (Newspaper) - March 26, 1962, Darmstadt, Hesse                                The stars and stripes Ier holds answer to 62 s business Prospe Eti the consume to whether i year u going to Good or sex at last wee of the year the economic up to expect and february. But Survey by the University of Michigan research Center Indi Cates that the consumer is optimistic about the Outlook and to in the mood to buy durable goods during the next six to nine months. The big queston is whether theman in the Street will translate thl mood into action and open up his pocketbook. Some findings Kue Gest caution in appraising the prospects for fur ther increases in the rate of spend ing but there Are no findings that would Point to an impending Down turn the research Center reported. The Survey indicated that mor Consumers intend to buy new Auto mobiles than a year ago. That Many already have turned plans into purchases is reflected by the Good rate of automobile sales so far this  the automakers considering their rate of production seem convinced that the level of buying ii going to continue. Sales last week were an estimated 140,000, compared with 134,800 the previous week end 87,934 a year ago. So far this year the Industry has built More than 1.5 million  the other Side of the Coin the Survey turned up information that Consumers intentions to saving i interest expected soon lending rates for a greater rate of economic growth. Higher mortgage Routs could Cool the ardor of Many would be Home owners this Spring. Adjust How big the Home building spurt Wilt be is already doubtful. Many Bankers say the threat of higher mortgage costs u quite Small. They say that in most parts of the nation there Are ample funds for mortgage needs and that interest rates have been soft. If anything. They tend to regard any in creased payments on savings on the West coast As a sectional thing. Tjie . Treasury itself has been raising rates. It has been offering More Short term Bills. It Htut increased the returns on . Savings Bonds to bring Thorn closer to what Banks and Oiler institutions offer. And it hns been refunding the Public debt now and then by offering Topciy higher rules on new Honoris than paid on the Bonds lining exchanged. With business going Long on a fairly even keel the demand for funds has put Little if any upward pressure on borrowing rates. But if a pronounced business Advance should occur for any reason Domestic or International the base is being it for such an upturn. A How much to borrow and be paid to save already Are being now it has been who has Beening institutions of what they la to gel More Money i petition was in increase which in what they lathe changes so i largely to bring the forms of saving with each other. The increased rates tender May raise brine the hoped Forl uitts activity and t of the ticklish Stua the Kennedy Admonis wants to keep Short rates High to hold i country and prevention our Gold Supply when interest rates Here compared with Oney , Washington to keep Long term in trom rising to make business to borrow to activities and to in builders. She planned California savings nations Are bet borates of payments to be watched closely incest coast interest re my her than info the country. The for funds there Hasto offer higher rates is from other Money fears is that it ions pay out so Ujj funds they la Star More on mortgages to outgoing payments.$1 a form of expensive f administration Hopes to an obstacle in its quest service planned York stocks were lower on the Over the counter mar Ket last week. The National quotation Bureau Over the counter Index of 35 representative Industrial stocks closed the week at 142.03, off 2.02 from the previous Friday s level of 144.05. Insurance issues showed Continental Assurance up a citizens life up 6% and Philadelphia insurance up 7. Among the banking shares the Bank of new York lost 5, Chase Manhattan dropped 6 and first National City slipped 514. In the industrials Kalvar Plum melted 20, g. D. Sea Rte dropped 10, Christina common slipped 6 and time shed 614, on the plus Side e. Of Macdonald vaulted 15%, Tarn Pax added 6. Standard fruit & steamship preferred gained 5 and Monroe Auto equipment added 4%. Anaconda to build new Copper Mill new York up the Ana Conda co. La pushing plans to build a Multi million Dollar Coppei Ore concentrating Mill at Butte  eventually will replace the present Plant near  chairman is. Al Weed said construction o the More efficient Plant will Start immediately and is scheduled for completion i about three years. Buy houses and appliances had declined since last year. In february according to figure just released by the census Bur eau private housing starts Tell 4per cent below the rate of february 1961, the Low Point of the re cession. The annual rate of starts Las month was 1,128,000 units. 11 per cent below january. Department store sales from jan.1 to March 17 showed a 3 per cent gain Over the like period of inst year the Federal Trade com Mission reported. The National re Tail merchants association predicted a 5 per cent gain for Marchand april. There were a couple of Price moves last week but they did t indicate any trend. Factory Price Cut general motors corp s Fri Eldaire division Cut factory prices on three refrigerator Freezer models by 96,$25 and $45. General electric co. Reduced its wholesale prices on two models. The Price of Nylon Tricot a Ted fabric used in women s lingerie and other apparel generally is be. In increased 3 to 5 per cent negotiations to reach steel Industry labor contract dragged on without any report of Progress Conrad Cooper executive vice president for personnel services . Stee corp. Speaking for both sides said Only that the manage ment and Union bargaining team were working diligently to explore and develop solutions to our prob lems if that 1 possible steel production last week posted gain for the second consecutive week totalling 2,387,000 tone up0.8 per cent from the previous week. It began to look like businessmen weren t going to get As much tax Relief for modernizing and expanding their plants a they had hoped. A tax revision Boi ran into a temporary Roadblock in the House of representatives. The legislation originally contained an investment credit pro vision which it was estimate would coat $1.8 billion year in reduced tax revenues. But the House ways and Means committee Cut this to su79400.000. Maritime strike maritime strike tied tip a. Big segment of Pacific coast  labor department said the strike s Impact has Hurt the we Toast Economy and seriously endangered Hawaii rationing began n Hawaii which depends on ship Ping for its Staples. Briefly around the business scene publicly owned corporations paid Ash dividends totalling 1544 million n february a gain of 76 million Over january ,. De Troiter Mobile Lomes inc., estimated 4 million americans live in Mobile Home. Walgreen drug stores Wien Ter the discount department store Leld in Houston Tex. The Institute of life insurance estimates dividends paid policy holders this year will reach 92 billion up s200 million from 1967. . 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