European Stars and Stripes (Newspaper) - April 08, 1963, Darmstadt, Hesse                                Monday april 8, 1963 the stars and stripes Page 23 it s Spring tra la and business picture brightens by oar Dan Chami imms i new York a Tho nation Economy stepped into the Spring Quarter with spirits High and prospects Bright. Severn i weak spots remain but the Outlook an the first week of the new quart or opened win better urn Many believed ii could be last full. Step production figures were up for the ninth straight week and if to were prediction the roman cd u u r t u r would hit a three year  Proi Furlion continued to gain and one executive sold it Svery possible the Industry will have o third Stoni Lyhl Banner  Litber Dean fitment reported Flint the Mireh jobless rate reflected the Blu Cost month to month drop in More Plum tour years wit the seasonally adjusted join shrink ing from 0.1 per cent of the workforce to 5.6. New orders Reeh Ved by manufacturers in february set 11 record retail sales were up in february Lon record and it no prayed Marc would be even  internal Revenue service outlined new business expense rules that most observer  ered to to far less restrictive than first indicated. The Stock Market charged to new highs for inn year singing what looked to be a vigorous Spring  new York ally s newspapers reappeared in Force after n i three month  were however other developments less cheer in a to the business  labor department reported Harp rises in the level of Unev can Russia catch . In economic race editor s note Russia s current economic momentum seems to favor the soviet their current a Ort to overtake the United states in the economic Field. But the final Victor in the race will be determined by decisions still to be made by both , up s chief Washington economic reporter Tetts Why in the following dirt Patch the last of a series on Russia s Economy. B Joseph d. I Hutnyan Washington ten str of the pres tire for in Pron ment in this Irea was drama taxed by a series of food riots in oath Russia reported by the Slot deportment lost Fri there also an signs that the r soviet consumer la getting restive under Premier Elk la 8. Thrush Cher the average russian a Learned a lot More about How the other half of the world lives 4 Western experts on communism v ask How much longer is the so $ Vitt Dulun going to be willing to Settle for the vicarious thrill o of a cosmonaut space adventure when k a Gong to Sturl do ending some of the com for 19 in oyed by citizens of the other a or countries Russia s massive military a hone also is a big Drain on the Oviet Economy. It cats up cosh hat some communist planners Ould rather see go into new lants and factories. If . Price tags arc typical in Cost of space exploration Wilmont Lune to go up in the coming ears go the soviet Union can expect no Relief Here. This is much less of a problem the United states which eur cantly has an Economy that is not producing at its full capacity. A t and Brown Forman Aab Slock up More than 2  finance sector showed real estate investors up 2h and Rell once insurance ahead  the general list taste of Coz industries shed 4h and Liberty fabrics bucked Down new York up the ten Midi Active stocks traded on the american Stock Exchange Las week  item iis.1w 73.misun  i2.hs played teen Befrs. Saying it hit 15.6ier cent in february. A Federal grand jury in Newyork indicted . Steel corp., Bethlehem steel and five other 7 Oman trs on charges they  to fix Price of rail wheels Indus rial equipment and other  Secretary Luther i Loci pm spoke of dangers to Agri cultural exports if european com Mon Market attitudes Harden As they have shown some indications of doing. He said the United states May have to restrict Industrial imports if american agricultural exports Are  other developments during Tho week Are still being assessed or Good or bad portents. Among them was the release of securities and Exchange com Mission Sec investigation report that sold it found no pervasive fraudulent activity in the Stock Market but that grave abuses do occur. Most Wall Stre Elers consid ered it encouragingly mild. Another development that invited varying interpretations waste announcement by the nation s railroads that they win begin put Ting new work rules in effect april 8. The notional mediation Board quickly certified this an emergency thereby empowering the presi Dent to appoint a study panel an to prevent any Union strike for 60 Days. He did so. On balance the week s business news seemed strongly favourable especially with steels and autos perking along so  meet demand hag boosted the nation s plus to about 75 Dallas. To Cal up a stand try Oil co. Of now Jersey official said that the european common Market is shifting from a coat oriented to on Oil oriented econ . Exchange s most Active list new York  to �. Ut.10 31ft it ii i Al 0 Uli Iii Oil no Hlll Tetuan us i3lmo 4 a mhiu.7m wit Svi  h ,4 m pc Ink  17 i  43 u i a Over counter stocks hit new highs new York turd storks smashed through to a new High for the year in the Over Tho Cimler Market lust week oven thu ugh much of the criticism in the hic report on Tho  Industry Wai concent Nti d on this Market. It was Tho general opinion in most of the Over the runner Hoime along will Street Flint hip Nitri did a Lyllo Moro Ihnn Umphri Isgro Tho need for changes and improve i ments that Many Industry  have been wanting for Yeni. The Call for greater Protection of the investor in his Ming in Nim than 50,000 unlisted Imd Home or Little known securities traded Over Tho counter was seen an constructive step toward eventually inducing wider Public participation in this Market. The a Unmil quotation Murrau s in Tex of  issues fun i shed it us Mehki High of 1.11.40 for n i  in of 2.21 largest Itu a the Culm crisis lust  performance of tills indicator win hulled us Strung evidence of Public Mill  Condo so Mimi of Tho sick h Rupa Tula to Iii Lith Lilun Kell not Only tha in Ilustr Lite Ftp duh but also the Nullon s hire it blink id insurance company issues which Are nil traded Over the Counte. Indus Roll highlights bused on bid Price changes. Included Alberto Cut Var and Amer Lynn air fill up 2 /4. Grinnell and Anglo can Odonn Telephone up 3, Long s drug stores and William rarer up 3 a Talco products up 5. Emhart Manu ii Turing 3 i and Han a mining 6 within Tho insurance Section Federal insurance Rose 2 ii Horn insurance 5u and Maryland Cit Sunity 21. A random look at the bunks showed Empire Trust u 8 and first National City up it but Morgan guaranty Down Gal not the Grain. The Standard Oil official is Ames b. Meredith of new York Magor of the Petroleum eco non is division of the coordination and Petroleum economics depart sent of the company. The proportion of Energy in he dec supplied by Oil has in re Sud from Only 13 per cent in 950 to 38 per cent in 1062 nn-1111 approach 50 per cent by 1970, Meredith told Tho 02nd annual citing of the american Institute f mining metallurgical and Petroleum engineers. Demand increased in the Post five years common Market Petroleum demand has in creased 15 per cent per year com pared with Only 3 per cent per year in the United  Meredith said that officials of the common Market must decide upon an Energy policy for 170 Mil Ion people and their decisions will have great effect on Middle was and North african Oil producing reas. Much influenced location of physical facilities refineries ind pipelines especially is already much influenced by thex Stence of tha common Market he said. Locations can now guided by Cost considerations Rath or than National boundaries with their accompanying tariffs am quotas. Tho South european pipeline originating in Southern France on extending to Karlsruhe. Germany and the Rotterdam pipeline a examples of investments tha might not have Como into be without the european Economy  amex seat sold new York up Aorangi meats have been made for the Suloff a Cut on the american stoc Exchange us $55,000. Unchain from the previous Sale. Curren Market for an Exchange seat $45,500 bid $60,000 asked. Or cent of capacity against so per ent during last year s doldrums reduction Levels at almost 24illllon tons a week were the High est in a year. The Trade Magazine Ron age said april june output a Penis headed for the greatest the Al since the first three months of 960.the Rise reflects seasonal de Mand some inventory building Jain St a possible strike and the Trong demand of such industries s autos. Autos rolling the automobile Industry mean Rulle posted its third Best opening utter on record with an output f 1.935583 vehicles. Industry sources said the Industry May turnout More than 2 million in the Sec my Quarter something that has Only been done once  Ford motor co. Official told a Rade group there is a real possibility total production will top 7minion cars in 1963 Tor Tho third it ought  Commerce department re eased some figures on activity elsewhere in the Economy. It said hat retail sales in february Hita revised total of almost $20.3 Bil Lon a record and that new order received by f manufacturers hit a record $34.6 billion the tame  other developments during he week the nation association of furniture manufacturers said shipments Rose 3 per cent in february from the previous february. A ss50 million plan to Dis tribute natural Gas from Texas Asfar away As new York was shelved by Monterey Gas transmission co., which wild Adverse rulings by the Federal Power administration dampened enthusiasm. Sales of merchant wholesale were estimated by the Commerce department at sh.4 billion in february up 6 Par cent from the pro Vious february. Tho National Aeron i tics and space administration signed n $456.6 million con tract with Mcdonnel aircraft corp. For gemini Moon flight Craft the Kroger co. Supermarket Chain begun testing a new credit curd system or two Alabama coun ties. United steel workers Union member ratified an agree ment that ended an eight month strike in Missouri against St. Joseph Lead co