European Stars And Stripes (Newspaper) - May 13, 1963, Darmstadt, Hesse                              Monday May 13, 1963 the stars and stripes Page 23 business scene sparkled with predictions Over Outlook " by Jack left Egnew York a the business picture pnrk1od last week with glowing predictions about the out look. But there were words of , economists and government officials joined in sex expressing the opinion that the Economy is moving up again after having been on t. Plateau. Heavy production of automobiles and steel were major factors. The Morgan guaranty Trust co. Of new York sold favourable Busi Ness reports covering a Broa Drange of activities have followed one another in rapid succession during recent weeks. They Hove confirmed that Over All activity is now in a phase of accelerated Advance and also have encouraged projection of improve ment into the future the Han said. Business sentiment helped by government s no intervention in steel pricing has a new  the Federal Reserve Bank of new York however commented that despite favourable signs some caution is necessary in interpret ing recent developments. It pointed to unemployment the buildup of steel inventories and failure of actual outlays for new Plant and equipment to show the kind of pickup indicated in some surveys. The National Industrial Confer ence Board s chief economist mar tin r. Gainsbrugh said the business recovery now in us 27ih month appears to have gained momentum and May turn out to be one of the longest peacetime recoveries on record. He mentioned Strong consume demand including High car sates. Intentions to buy Homes and sales of Home appliances and Home furnishings. But he said two serious prob lems remain unemployment and an Advent balance of International payments. Buying of old device drops new machine throws curve at firm s sales new York up his hindi Art Hying Samuel rautbord chose just the right moment to item aside and let Hie Ion Clayton take Over a pret Dent of american photo copy equipment co. Now ire Clayton who hat Tor explain to the Stock Holden that they Uit Grin and Bear a eco i sur prising downturn in met and earning la the Early month Othla year. Clayton embarked on Lila Talkin a speech to a Eurly Analy Iti in Philadelphia recently. Feco Haa a Good explanation. By us Bot front Salea of photocopy 1u new electro Slat machine an doing quite Welt what the company did t anticipate was that sales of paper and supplies for its old Transfer diffusion customer would drop of sharply in the first Quarter of title year the Transfer diffusion copying machine 1 the wet Proeu machine in use Lor the past 10 Yean. It works Wen and 1 economical but attic worker particularly women like the newer dry process machines Auch a the electro Slat the Xerox or Minnesota mining therm fax better. The Transfer diffusion machine i not going to disappear in hurry rautbord said it too cheap and practical. Actually our declining sales of trans Fer diffusion paper and chemical were caused More by mushrooming Competition from Many new pro Ducer of these supplies than by the rapid growth of dry process machine  until ape cars tales in the electro Slat machine overcome the lagging Sale of wet process paper and chemicals. Eco s earning will us rautbord Bald. And he admits the extent of the lag was not foreseen. On the other hand Eftalea an rental of electro Tat have exceeded expectation be said. Rautbord it convinced that. In pit of it great growth since world War it. The copying Machin Ebu less is still going to grow. Even the smallest offices will use photocopy machine in the future. Professional people who work Ai Home will find they  he  think copying machine already Are cutting Down Ontha use 01 Carbon copies. Any Secretary will Tell you More than one Carbon in a typewriter 1 nuisance and a psychological has Ard. The made up snap out Carbon Book Don t product at Good copies As a Good machine and they ars not cheap he  believe there s a mar Ket for on photocopy tar roughly every 10 typewriters in. Use in the United state. That would make13 million compared to the 4boy 000 now in use for firms of any site the big Sale from now on will to in dry process electronic machine like the electro stat. Haid eve though their first Cut i several time that of the cheaper tre process machine. Directors vote for merger of 2 Banks in Conn. Hartford Conn. Up the director of the Connecticut Bank and Trust co and the Union Bank and Trutt co. Of new London have announced the Bank would merge. The merger subject to the an Proval by stockholders of both institutions May 21, Means the state s oldest Bank Union Bank an Trust will become the Union new London office of Connecticut Bank. It the merger is approved Union Bank stockholders will receive seven shares of Connecticut Bank common Stock in Exchange for each share of Union Bank outstanding Stock. The merger in addition to approval by the Stock Holden i subject to approval of Federal Bank supervisory authorities. Virginia dare takes 9 discount locations new York up Virginia dare stores corp. Announced it has taken Over nine store locations formerly occupied by bargain . Discount centers. Virginia dare will operate at lactic Thrift Center stores in the former bargain City locations a Philadelphia. Ridley township Farle i Hills Bristol nor Utown and poll pa., and in Westville an Pennsauken. No. Business finance foreigners train with . Industry new York up american private Industry is engaged today in its own program of help to developing nations working on the theory that it will be Good for business in the future. The idea is to bring Young engineers and scientists from countries overseas to the unite states and give them advanced training in latest technique. Then they go Back Home and help develop their own countries Indus tries. It is simple and workable plan with no government program and no formal Industrial planning involved. Typical is the policy at by named International s Central research laboratories to nearby Stamford Conn., where at present three engineers from Bolivia Ghana and the Philippines Are undergoing training in the mining chemicals  bolivian is Enrique g. Sanchez a 29-year-old mining Engineer from Cochabamba. Bolivia. The ghanaian is Edward Williams 30, a mining and Mineral Engineer from Sekonda  filipino is Antonio Ostrea 34, a Mineral Engineer. Aio Chez who holds a mining engineering degree from Bolivia s technical University of Oruro currently is conducting microscopic studies of Ore. His aim is to de Termine just How Well impurities Are separated from valuable , who lives in Stamford close to his Job plans to be backing Bolivia in about three years armed with a greater background of knowledge picked up in the easy give and take of the informal american scene. Williams married and the father of three children had a varied background before he Cameto the United states. He worked two years As a mining engineering the Diamond mines of Akwa la. Ghana. Reuther opposes hike in car prices Detroit up United autoworkers president Walter p. Reu ther said Here it would be an unconscionable crime for the Auto Industry to raise prices next year in the face of first Quarter profit . Following an address to Tho Law general motors National conference told reporters the 9414million first Quarter Profiti re ported last week by general motors will have definite bearing anew contract talks with pm in 1964."we base our demand on economic and two immediate factors he sold. First the need of the workers family and second the economic facts at hand. We believe general motors can give workers a substantially increased share of profits and Consumers u better car at a better Price and still show a considerable  the profit report the Best first Quarter Ever at pm he said it s fabulous.  Reuther reiterated his stand thaotho would seek from the Automo Tive big three Ford general motors and Chrysler at taut the equal in benefits to Tho profit sharing pact the Union signed with american motors corp. In196l lie said in 1962. It would have meant 42 cents an hour extra to the workers at general motors Anat Ford an extra 40 cents an hour this u not a new Iden. It s the same Bonus concept Upp led to their profit Progress sharing or whatever you want to Call it it a tool not a goal Keut Tefr Bald he added the am contract gave a new dimension to collective bargaining in the Auto Industry amex stocks move ahead \ irregularly \ new York up stocks made irregular Progress on the american Stock Exchange last week in fits and starts of Active trading. Turnover or the entire period amounted to 5,495,645 shares against 5566,065 shares the week fore and 5,655,715 in the com j parable Span of 1963.great basins Petroleum topped the ase trading turning over214,800 shares and gaining a Point to 374. It Woi followed by Cana Dian javelin up to to 13%, Mead Johnson up 211 to 25, syntax Downa Point to 57, and Webb it Knapp up u to  York & Honduras Ito Sarlo mining featured the metals sector with a 6-Polnt jump. Cams lion Rose 51 in the foods Glenn enl in in a narrow electronics sector. Imperial 1% in the oils and Mont Gomery Ward a Glock Point in the stores on news of a new expansion program. Gains of 2 or More in the Gen eral list included Pyle National Reliance insurance Rayette. A. C. Gilbert son Carlos Stanley aviation Aku corp. And american manufacturing fall Murry Ohio Stop shop and Talon were at least 2-Point losers. New York up the mos Active stocks traded on the american Stock Exchange Lut week at. Rover the counter Market jumbled new York up Stock on the Over to counter Market were mostly mixed last week. The National quotation Bureau Index of 39 industrials dropped1.14. Thai Index hit it High for the week on monday at 13488 and its Low on tuesday at 134.31. Among the industrials Atlas credit advanced 1%, Californi interstate Gas 2, Ethyl corp. A Eta fixed strike deadline. Roger m. Blough chairman . Steel corp., whose Ilam a prof its dropped to a 19-year Low in the last 15 months voluntarily took a 5 per cent wage Cut Jan. 1. He told stockholders at the annual meet ing. of other top officers and director also was reduced.  Cut it dividend last october. Briefly around the business scene a Surrey indicates that housing construction win remain about steady with last Yaw. Republic steel corp. Plans modernization and improvement protect coating Tzi million. A jointly owned motion picture and television studio in la Angeles is being considered by Columbia Pic Tures metro Goldwyn Mayer an twentieth Century Fox. . Exchange s most Active list new York the 20 most Active stocks traded on the Newyork Slock Exchange last week Cha  7 h a 71m.�m a us. A  j4v% 11% a i Ulm is 11% ill.  4 met iu.4n we u w i31sm eth a met 111.100 Mlih is it Watt a iw.40s in i 1% t i ii do hmm Litun u4