European Stars And Stripes (Newspaper) - April 30, 1962, Darmstadt, Hesse The stars and stripes fog 23 reports give fuel or steel argument a Points were fairer com during the last week As 1s-on the american Stock Kkt p Fiat Ewitt the ii a Wardon the big Beard trading for the period amountedm6o300 shares against 4430270 the prior week and a Isoju Moisant in the inn week of 196l Oil ranked As Theatte on the Exchange trading up on 18900 shares. I followed in a tabla by new i Haven Dock of Golf amerieac1, Occidental Petrole up 1% and mockery warrants a �. Most elect Nytra Tost additional ground with Aero Jet o2f 5. Klic iconic a penalties 3h. Tan Tai std tech enl operations 4%. 0a0tinbci Weed Johnson Tambiew 9%drifts and of to fix upped to shed 3% in the Huttt Dytrt bake Rte ism by born & hardart it among the Bod. Metal featured mols by Whitmi item 2% and us warrants off 214.lost 1% to the Otta Goa ctr Occidental Gate. Canaveral International circuit test Hamilton elec ironic it two a fabrics. Padding and Union to Road of no. Losers of 3 or More. West Coal two fld the trend with a big us Job Iii hayette3 pod e. To Moe picked the 1& Moston the a Nett Exchange s most Active list new York % Lockheed gets contract for huge of Iid Ful rocket Redlands Calif. Up a $2 of Flam research and development contract for a Mammoth new solid fuel rocket motor has been by the air Force to lock co. The contract Calls for Lockheed to construct and run Feasa Blotty tests on � omd propellant rocket motor Iso inches i diameter com posed of several segments which wifi be combined to form a com plete Booster. The air Force has Al ready held Static tests of solid fuel rocket of and 100-Lncb die oar smear Cut staff Fli work to a pensively said Robert f. Hurt president of Lockheed prop Gionco. To Complete and test Ore this giant Economy size solid motor atthe earliest possible Dale consistent a sound scientific judgment according to Hurt the new rocket win be the first to undergo a test at Lockheed s own Hoaern testing facility the Torero near attn Long lists profit million for Quarter Juji f Tim a Jaf. Last it sex. Fuff i tort a months Etc a Tec Ovd v&8&j& Mollon com wet fat thib re Vitis High ofmb$03 its the first it Milf of my however were Well be Tojek year they indicted by a Federal grand jury were u5. Steel corp., Bethlehem steel co4 Erie forge steel Midvale Heppenstall co. Also charged were open die forging Institute and five officials of the four companies. The bids cited in the indictment were on sales of steel forgings to the army Navy electrical companies and other buyers dealing. House the forging Institute was alleged to have acted As a Clearing House for Price agreements among the accused Justice department said it began investigating the Case to april 1901 the Case against the steel companies appeared to parallel the indictment for Price fixing and bid rigging of 29 electrical equipment manufacturer s and 44 of their executives in 1960. The companies and executives were fined a total of $l.d24�00 and seven executives were sent to Jat the indictment returned thurs Day had nothing to do with the steel Industry s raising prices $6 a ton april 10, Only to Back Dow three Days later under steamroller pressure from the Kennedy administration. Steel pricing is under investigation by another Federal grand jury. News prompted drop news of the indictment sent steel stocks lower and prompted Sharp general fall on the new York Stock Exchange. Chairman Avery c. Adams of Jones a Langhlin steel corp., com menting on the Price situation faced by the steel companies said in t it time for All of us to face up to the economic facts of life and examine the question As to whether any business. Large or Small can co exist with a govern mental policy which Calls for a denouncement of anyone who do snot submit meekly to economic edicts by government Penney to lease space in Center ne1w Yolk up a. C. Penney co inc. The department store Chain has agreed to lease 777.000square feet of space in the new Madison Square Garden Center Tobe bunt Over the site of the Penn Sylvania station. The agreement was announced by William m. Batters president of a epoxy a. And Jed " Bergen chairman of Tad lob Square Gar Den Center Idt to was hailed alone of he Ter Gap single office leases tit history Penney will lease nine inter connected boor each of 72jx1p Square feet and us floors of 2500squai-. Teet each in one of the 3 floor twin towers included in thebus Uuttu Complex oae of the towers will be at Slat Street an the 4ther on 33rd Street. For faces Tuiai. J. Truman bid ii former new York Stock Exchange president has been ordered to stand trial on Tux evasion charges despite old Well s Contention that the Feder Al government was guilty of mis conduct when information of bid Welt Case was nude Public while it still was under study by a grand jury. No Date for the trial was set. Counter stocks mostly lower As week closes new York up. Stock were lower on the Over the coun Ter Stock Market last week. The National quotation Burea Index of 35 representative stocks dropped to a new 1962 Tow of134.40, or 2,57 below the previous week s closing level. Insurance Fin insurance issues were firm Continental Assurance slipped 6 while Quaker City life added 7 and Eastern life notched 5mi, Bank showed poorly with Bank of new York off 13 and manufacturers Hanover off 4%. In the industrials. General Ana line & film vaulted 25. Kadivar dropped 55, and Beauty Counselor slipped 744. Dun & Bradstreet and Warner Swaizey lost 5 chemical & control re treated 6 i and , Nielso dipped 5ft. 41 . Firms had $1 billion sales in 1961 new York of Cpd , firms had sales of More than $1 billion in 1961led by general motors which sold �12,7 billion Worth of its products the manage ment Magazine news front a Magazine printed 16 Page of on earnings and sales of the top 1.22c companies in the motors led their list with sales of 512,736 billion on which it made profits of $969 Mil lion the Magazine out the top 10 com panics and their 1961 sales in Bil Lions of dollars were 2-st.andard Oil of $a03&3ford motor s&23& 4general electric s4i96.5u,s, steel $1699. 6socony Mobil $3.178. 7chrysler corp. $3.007.3gulf Oil $2.980. 3western electric $&64&10-swft & co. $2.443. Other companies news front listed As having sales of More than $1 billion were american motors general dynamics Boeing air plane Lockheed aircraft Douglas aircraft. Westinghouse Ria general the Ephone International starves i ism Sperry Rand Continental can american can Republic steel International paper Standard Oil Indiana Standard of of califor Nia Shell Oil Sinclair Oil. Phillip Petroleum Goodyear tire fire Stone tire do Poni Union car bide Procter a Lamb la Armour and co., National airy general foods bal Reynolds american tobacco and Bethlehem steel new York claims Lead in research facilities Buffalo . Oppl Newyork state with Awre than logo commercial and private Reward laboratories and testing facilities now is the leading state in the nation in this Field tote Kytt Youfe state Despai treat of conunrc4 to ports. These labs and Teci tie employ memo scientist and Engrim a 19.000 technicians and 32000 sup porting personnel exports i/p5 imports Down in 61, Commerce Deal says a department of Commerce . Exports i n c re � e d by 1455 million in t9gl we tote t mfr r to decreased by Jar Milch a. An article in the Commerce departments foreign compere weekly said the changes improve the a. Trade balance by some $752 my Timon. The said the principal changes in is ii Export a tiles of Trad with off two tap be Jaa Iloni Italy up 5144dom get. Jan the Tot port picture took place i purchases from cumin cup Mishion. The unit so Kagdn Down sb9 Stu Iqba. Japan Down $94 million and Modeo Tup. Purchases from a burp were 544 Luton Tat 381. About 3 Par get an by than to the preceding yet r Sruti so a Bop fiet tied 9 per cent to Watt
