European Stars And Stripes (Newspaper) - April 9, 1962, Darmstadt, Hesse The stabs and Start of s Frog Active plan panned from both sides of Fence fib a went t Home eat feb pc to put the association of manufacturer told the Senate finance committe Tost tbsp opposed the proposed tax we id pre a. Stepte Asci represent tit cd fib a tuft is the tax a Tad All Towfek Fet Jzyk Tad for to Paar Lihte new East lat i m6� or the Otter hand & win wort a inst Saull Jwal mho or Tergit companies we pfc of ctr a Cunt Tanta f orom Stet a to taxable Iacoi to be to but to of Cal Ett a. Kutt cohets. Is Earth the kind of Spur business need most he said is the durable stimulus of a Fang family spendable income which lower income taxes Lor the Middle and lower brackets could help to provide president Kennedy sent con Gress a far ranging program to Ai the ailing transportation Industry. It would provide $500 million for Public agencies Over the next three years which along with some Matching funds would be used for the revitalization and needed expansion of Public mass or. Kennedy also proposed tha Congress wipe out minimum rates prescribed by Federal regulation for travel and for shipment of bulk freight including Grain Coal Ore and farm and fishery , he said is intended to make carriers fit lean and progressively vigorous Competition and inno rays of encouragement scoped through what has been darkening economic picture economists saw cheerful signs and som statistics bore them cat. The hesitation is Only Tempo Rary said or. Marcus Nadler eco nomic consultant for the manufacturers Hanover Trust co. Of new York there is no basis for the View that the Economy is level Ingoff or that we Are headed for a or. R. H. Waters of the Pennsyl Vania state University Bureau of business research said his charts indicate the upswing has resumed after a six week Lull in january and automobile Industry a going Buick s Way on comeback Road there in 1958 we turned say Rdward d pm Val Monger Ste it a to time look Back and spot it lowly 4dght& la tie sales 11960. A Nide moved oar Mats pc terror of tog changes pm of a Tadd we ers4jr Joc Tod co left Ltd erased in sub Ufa orly 4hmfc my mar Ima of a hmm i let fat. Be to tar. R Appe for a a Ott Fefe Ufir of hts. Three years to restoring reputation of reliability. A leading consumer testing organization recently had kind words regarding his of Bulck s new Prosperity can be traced to us compact car the Buick special. With a 60-40 split Between big cars and Small cars bul Csc is building a bigger percentage of compacts than another general motors division. The special is in its second in the fall of i960 along with the Pontiac tempest f85, it started slowly by comparison but used r late spurt to finish second among the three for the year. Of Forte a with stand Ain Tonoff Jceal figures be and teak aver at Buyck on of tote Yean Walch final Ptah Fng Andin tree a or ctr err Tel of of i of a Lvi of a l Case co. ,4 Ore cute Hecto pc a Cal rms on Furtner of . Shares take downturn american Exchange new York Orpi stocks moved irregularly lower in slightly reduced trading on the american Stock Exchange last wok. Turnover contracted to 6.092,054 shares from 675,920 a week ear Lier. North ran fam Nickel mines week most Active Issue drop Pink to % on 16400 shares. It was follow i by Occidental Petro Leum off 2%, american land up 1%, Wentworth up 4 and National Petroleum up 5/16. Electronic feature were Galton invt Turle 3j4 Aad technical operations 2, All three apparently reacting to Washington talk of reducing margins in military con tract work. In the Auto. Ford of Canada tumbled i end Sirach which denied Rumers of a merger with Fiat closed with a loss of 4. In the store. Davega which is in receivership Rose 1% to 2%. Seeman Bros lost 2 in the foods. Mead Johnson lost 2h in the drugs and molybdenum climbed 4 ,4 n the metals. Gulf states land & industries Rose 3 to 22 on rumours of an Oil strike in Louisiana. On the Downside were puerto Rico Telephone off 3, Reliance insurance off 5% and Tampa elec tric off 3%. New York up the 10 most Active stocks traded on the american Stock Exchange last week. Sci cow a int Tuii h h it Pant no 1 l 4 p pm two Twat 8tf a v4 ui.3m a a a l f7jboo 3% v4 i3i May 0e obsolete in 75 i Fec word to that coun to Ruthg status said. Thai econo.,-Sfifra Mil. Bed cussing attend product Fly her made his forecasts in a address to a Gro Trp of business and leaders invited to meet with Mcgraw Hub executives on their annual 4task Force visit Tooey area Tel the Attoa. Fisher explained that there is anew Factor in the nation s Economy oae fee called the butt Index and explained that the Betti stood Loir better than you think. The Plain Bact said Fisher that when the tac Pertz make mistake in to recasting they usually top the bait. They Seldom overshoot he cited the example of the growth of our Gnu. Or Grose National product he said that in 1966 h stood at $513 billion or 26 per cent above a forecast 2pet cent annual rate increase. Now he said the Gnu for the first Quarter of 1962 was at a rat of $343 billion or up 9.5 per cent Over last year Well above the 2 per cent a year. This year it is outselling Bot hand seems to be getting stronger Pach month. Last fall Rollert said he expected to sell 400,000 cars in 1962. I still think that looks pretty he said. Although compact in size the special is not cheap. Its least expensive Model is priced $118 Over the least expensive tempest and a Price tag on a fully equipped Buic special Skylark convertible new this Spring runs More than $3j5qo. Does the emphasis on the special mean sit eventual disappearance for the big Buick not at All. Says Robert the big car is doing All right not As Well As Oldsmobile or Pontiac but not bad at big 3 boost car total 50% during March Detroit up the big three . Automakers produced More than 550,000 ears during March nearly 50 per cent More Auto than were built in the Sam month of 1s61. Genera motors Ford and Chrys Ler nil reported higher production last month than in March a year ago with pm output up nearly 120.000, Ford production up about 52,000 and Chrysler assemblies up about 5,700. Pm built 340.677 cars Las month. Ford 158�25 and Chrysler 50.741. In March 1961 pm assembled 220.-901 autos Ford 106.895 and Chrys Ler 46,023. The biggest pm gain was registered by Chevrolet which increased its output by about 63,000. Pm said March Chevrolet production including corsairs totalled 1944 57 units compared with oat put of 133,851 units in the Sam month of 1961. Pontac output was 50.251 last month compared with March 1961production of 28,178 units of demo be built 42812 ears Bolfek 37,412 and Cadillac 15.gc butt month. I March a year ago Oldsmobile out put totalled 2sjs04 units. Butefc19.853 and Cadillac 15j515. Ford March production included 129.054 Fords Falcons and fair lanes 27,752 Mercury meteors and comets and u819 Lincol Continentals. La tote same month last year. Ford built 86.686 font Sand Falcons. 1&307 Mercury and comets and 1.702 Lincoln Continentals. Chrysler built 23.508 Plymouth and variants 1&297 Dodges and lancers 9.852 Chrysler and uw4 imperials last month compare with output of 22.136 Plymouth and variants. 14.983 Dodge and lancers �255 Chrysler and 649 imperials in the same month fast year. For the first Quarter of 1u62, pm produced 989.00p, cars. Ford built496.840 and Chrysler assembled 143,045 for combined output of1,628.893 units. Great suns in both sales and production. Sales of new american made passenger cars in March exceeded 600.000, the highest for the Mon thin seven years. General motors corp s Chevrolet division said its March deliveries were the highest for any month in its history total ing 194.557. American motors re ported its sales of 45,502 ears Wei a record for March. General motors built its one Millionth car of 1962 during the week. To the first three months of the year the Industry turned oat 1,766,833 cars an increase of 47.9per cent Over the 1961 first Quarter. Output last week was estimated at145.000, highest of the year. Steel production continued to hum along at about 80 per cent of capacity but the Industry looked for a slowdown in the Wake of agreement on a new labor con tract output last we Etc totalled 2417,000 tons up 1 per ent fro the prior week. Other favourable developments in eluded the Federal Reserve Board re ported that outstanding consumer instalment credit increased oy$236 million in february. This meant that people were More will ing to go into debt to by things. The Commerce department re ported that combined Salen of manufacturers wholesalers att retail ers reached a record Levit of mc7billion in february up 1 per cent from indicated thai Mer chants expect an increase1 i sales of apparel and Home furnishings. Briefly around the business scene the american collector association says More people Are paying their Bills on time than at any time since Middle 1868 employment in the Iron and steel Industry totalled 566,028 in february highest in 21 months. . Smokers paid $3,1 billion in to a in 1961. The tobacco Institute Esti mates. More than 23 trillion cubic feet of natural Gas is store Din caverns in 21 states. Dividend increases were declared by103 corporations in March com pared with 79 a year Cartter. Over tree counter. Stocks were lower new York up stocks we lower on the Over the counter mar Ket last National quotation Bureau Over the counter Index of 35 representative Industrial stocks finished the week at 139j9. Off 1.14 from the level of the previous the Banks. Bank of new York dropped in first nationality supped 4% and few Ulta National retreated 3%. Insurance stocks showed Connecticut general off 6. Franklin life Ott � and general reins race off a r Macdonald backed Oft w4. White tar Pax and tip top products slipped 1 Tad. We Sartre pub Lishing loot to Veedor Root std 5 and sent gym toppled & . Exchanged most Active list new York up Active Stock traded York Stock Exchange to met b to Newitt week tit Bott pm i by it Tel in us. 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