European Stars and Stripes (Newspaper) - May 20, 1963, Darmstadt, Hesse The stars and St mks booming Auto production bellwether to . Economy by to new York map a gleaming Symbol of Prosperity rolled of a Detroit Assembly line list week. It Wai the 3 Millionth car built this year. The booming automobile Indus Ryll leading much of the Economy upward. The heavy demand or can hoi spilled Benefit into the steel in big Barrier new York up most air traveler Are fairly Well satisfied with the ape Edi at which they now ride the airways but the men who run the Linoi have been grappling or Yean with the problem o even altar travel for All the Lupen Onle air transport they top. Is on its Way. And one authority said til use will begin Between 1970 and 1972. Aviation people arc familiar with some of the problems that the must face when speeds Are in creased. W. C. Mentzer. Senior vice president for engineering and maintenance of United air lines recently reviewed what Lei ahead and used terms understandable to the Layman in to doing. Speaking at the Wengi club Here. Mentzer Laid that supers Only nor transportation will begin lame time in the interval Given above and will be inaugurated by the French British much 12 concorde. There i no question in my min that thai French by Lelih air plane will Como into being and be operated in scheduled service not Only Nilde Europe and the Middle East but also across the Atlantic he said. National in them this he continued p o s e d a National problem. The russians he said have the technical and production capabilities necessary to get into supersonic transport. And that the prestige and leadership of the United states in the Fieldon air transportation is under extreme pressure is self evident. For the United slates to abandon i leadership in Tell vital Field s Mentzer then made the Point that meeting the Challenge can lot be done without government Aid which he said should be in the form of an in Tell ent Long term program of subsidy and encouragement of an economic environment in which the supersonic transport eventually May subsidy had Long been an unwelcome word to the Industry head it Ted but in Ihli Case it will take different form it must be aimed at design development and production of transport with the lowest Poi Lyle operating coat an their continuing development no Rem Lara ran then he got into Cost figures. H Laid he had heard eat Matei o up u a billion Dollar Al the co of developing Angle design for Nich a transport and the Inba Ilc design won t last Long be cause. Mentzer said a Speed race u almost certain to develop but the matter of area Alto we be troublesome he Bald it Wathard to believe that any Premium Tare would be possible. A illustration he Bald he he compared the actual Cost of carry ing a Pasenker from san Frai Daco to new York on a pcs with Lusty and Many other industries. 3 and it has spurred the Stock Market in an approach toward new ill time of the 3 Millionth car put the Industry nearly 250,000 ahead of the figure at approximately thai time last last we a slipped to an nil match 162.000 Carl from 170,620 the week before the highest of the to faster air he estimated Cost of doing the same Job with the concorde. The Cost he found Wai about the Tarn All direct and indirect costs Ere assigned including full de re Catlon charges or the pcs but 10 depredation charge or the foods sugar 1 sweeten amex during week new York up Sharp Gnoni ured n generally higher movement f prices on Tho american Stock Exchange last week. Sugar Sharei gained favor on the rain of Price increase for re Lnch Ugar. Utah Idaho sugar Wai up i to 141k and Michigan sugar k to 614. General business Newi was Good of. Durable goods sales set records n april and housing Tarti Rose 7 per cent to continue the favourable Low of economic news. Broken Aid these factors combined with her development to push the Market up sharply in the last ses on of the week. Among the Oil gainer were Sig Nal Oil a up i Sinclair Vene Elan up 4 Pacific coast Petro Leum up 1. And Occidental Petroleum up 34. Chemical 1.1st the chemicals showed Sherwin Williams ahead 3 4. And Slepyan chemical off 1%. Screen gems Losta Point in the entertainments South const corp. Jumped 414. Sun tax 4%, new process 6k. Woodall 214. Pneumatic scale 2 and Prog Ress manufacturing i. Running counter to the generally firm trend were Stop a shop am Stalham both Down a Point Tampa electric Oft 1u North Penn rail Road off 1 i Ward bakeries down6%, and Kaufman a Down 2i gains of a Point or More were scored by Nelly Don. Murray Ohio Ohio paper. Ogden. Horn & hard Art. Technicolor and Western Tab let. Great basins Petroleum led the Market in turnover with 438.200 shares and closed at 4 i. Up h. Trading on the week Rose to6,760.910 shares rom 5.495.645 the week before and 5510j80 in the Inge week Lait year new York mice i Jim -i1.wttmioma i mass to in us Tiuch i pm Ami v. Otto Ftp a is Nta sift 4% Wmk Altow 7z.tw Ith 1h rear. A labor dispute at Ford i Lima. Ohio Plant Wai partly re to nimble for the decline. Soles let a record in the int 0 Days of May totalling 214.900. A 1 per cent gain Over the 211.400 delivered in the period a year ago. Some Industry source predicted the tales thai month would exceed 00.000 after april s total of 703,738. Liners is Cost concorde were included by talk that the Early ones will be very vulnerable to becoming obsolete in a rapidly developing Art hence will have relatively Short depreciation lift along with very High initial Cost. In 1955. The record year for sales Hen were to two consecutive months with Les of More than inventory situation made the Outlook for continued High production Good. At the end of april Here were 980,000 can in dealers lands a 38-Day Supply. Expressions of optimism about the Outlook for the Economy came i not sound on Way to reduce the subsidy be Laid would be on economic environment to allow the t latent use of Large air planes and thai could mean elimination of Tut necessary duplication of service on supersonic transport route. A Pfaffl rinks.6yis Auto sales i first 10 a Detroit up continued Rooming Auto sales for the first 0 Days in May Ware reported last week by leading Auto firms. Chevrolet ear and truck sales or 1963 topped die million Mark tuesday Hie earliest time in the year the Mark has Over been reached. Lorry Averill. General sales Man Ager for Chevrolet said sales to tales 79.292 cars and trucks second Only to the record set in May.1962. When the division sold 97,371. Ford division sold 43x108 cars and9.917 trucks for the first 10 Days of the month. He rest for any similar May Vurlod in division an nals according to tee a. Iacocca vict president and division general manager. Chrysler corp. Reported sales of 26.535, a 66 per cent increase Over the same period u year ago an the a Lehr it May since 1957. Combined Plymouth and valiant sales . Exchange s most Active list new York up1 the 30 most Active stocks traded on the new York Stock Exchange last week. Alfh pm Cim cd vhf to cd oks Summ sub is a in Timur 1u.im s to on b7.ms � Foft Buss he 11% it cd Flat a ohm ii psf hot to % 1n.md 14 h"4 i Ohmott ism it to wow u c4.ia.rtt he hit i 11 it t a to i in Hal m a i mass iss Iii. Is a to Moi hum who by us Ham i pm it in to. Rom Fml it iu1m thu lit Luvaul to Zimm Utu. Ivik a rain wet or in my i1. Imil % Over Gunter stocks close irregularly f Timber traded Over the counter last week doted irregularly National quotation Bureau Index of 35 representative Indus trial stocks closed the week a134.76, up 031 from the close the previous the Industrial hit Ethy tacked on 3\k apiece at 8814 and comi respectively. Ell Lilly added i 3v at 80 Pacific Southwest a 1 r lines 3s at 31 and first Western t financial 214 at 34%. Among the Lien were Cannor Mill Down itt at 77 .1 cummin1 engine off 1% at 60 i and Amor trading in insurance Issue produced a 4v, gain for Natrona use and Accident at so. Spring Field insurance Roe 3v, to 50 in a entire system. United introduced one class Servic Between Chi plot and san fran Cisco March 10 using specially modified Boeing 720 jetliner wit five Arr ust sealing throughout the entire Cabin fares Are slight above regular coach rates. Rom two important source the National Industrial conference Board in new York and the Flinda analyst federation la Cju Ugo. Industrialists heard conference Board ipe Aken report that the future look Good or appliance int consumer goods and the michlna00 Industry. However Prospect i for construction were not to Good they Laid. Effect of to oat William w Tongue economist or jewel Tea co. Talk he expect general consumer then digit to keep m growing particularly 1 there it a reduction of Teerat Tocom taxes the nation la operating dote to effective capacity and expansion that would prod 1c Job May be at hand reported Walter r. A taller chairman of Warner Wuey co of Cleveland analyst agreed that current business conditions and Tho out look Are atom he. Amor. Their conclusions finished steel consumption will exceed Ian year i total. Increasing to Between 75 million and 76 Mil lion tons. He Thor in 11 of Industrial Tal spending Ore construction looks prom ing. Production Peak Tondu itral production a key barometer attained a new Peak in poll or the second Ernie cutly month the Federal Reserve Doard reported. Baud on production of Manet Mill and factorial the Index climbed to 122.4 per event of tit957-59 average rom 12x6 in March. Tho Lowhor deportment reported Al in april nonfarm employment Ose 800.000 from March to a record55.9 million up a million from ear earlier. The gain waa dec bed s a substantially better Titan seasonal Job steel production mad a com Back from the slight decline of be previous week. Output totalled 2�ib.ood Toni and put Industry of ration at about 82 per cent of opacity steelmaker said steel wan being used at a loiter Rule than expected and that the surge of buying could t be attributed entirely la hedge Purnis s a Nonit the possibility of a strike. Union undecided the United steel workers Union ill had t decided whether to re Aper. Ill contract for wage Negola Loni Union president David j. Mcdonald described the situations being up in Tho air. The Union could strike 90 Days after a reopen ing. The producer and the Union were reported broadening prelim Inary talks in an Effort to reach agreement without a contract re opener. Union Pacific and Rock Lalan Railroad announced plan car merger that would create e giant system. It Csolti for Aale of Rock Island s Tinei Wulah and Mulh weat of Kansas City to the Southern Pacific Railroad. The proposal will be lube Ltd to Union Pacific and Rock Lautt directors and stockholders. Approval by the interstate Commerce communion will be of labor w. A Vizard Wirtz expressed the opinion Bita Railroad air lace threatened or june would be averted. The raft Roudi ind the Union Are in a dispute Over work rules change by Whlon the Linn Leek to eliminate Lobi they cont Der unnecessary briefly around the Bizune Tascone the f w Woolworth co. Plans to open m new variety stores this year. Soaring sugar Price have canted increases in Candy soft drink. Ice Cream and cake or Lei. A 4 per Cen increase in sales we achieved by retail food Ito Rei a the flirt three month of that year
