European Stars and Stripes (Newspaper) - July 08, 1963, Darmstadt, Hesse Monday july i 1963 the stars and stripes business leaders fairly optimistic about rest of 63 by Jack new York a business ended into the second half of 1903 it week with the Outlook Envor ble and Only a few hark spots lowing. The first Nix months were a Ollile r a remarkable gain by the Stork Narket end booming production in t he steel and automobile industries. What the second hair hold for Market is anybody s guess it Many Wall Streeter expect to reach new highs. The Outlook Tor steel in t so Good. The Auto Mobile Industry anticipates Contin led High output and panel of experts Mcm blvd by he is. Chamber of Commerce predicted a moderate climb in eco nomic activity during the second Liaf. They foresaw an increase in thei Ross National product the total kit Jules Var nov ideas May Chang sailing methods time wot edit of s hots the Pott War a e v o 1 u 1 1 o n of Merchun. Ming hat fumbled the old order of Rentt Wirtl log and it change we not of. Of Urey change May result to fewer trading if amps and More of Roalfs. The following Rel Opitek Ine last Iii a laertes at tour report on khat Omorrow e shopper May expect. By William p. Arc bib Chicago up unit changes ave taken place in the retail in usury since world War ii and still lore Are coming some sound might Tram science fiction. No matter what Cornea most eaters believe their Basic fun on that at Selling food or Mer handle As Raffl Clenty As possible will be the same.1 expect to be Selling food in Vulura at a profit just a i hav tone for the past 30 a Large Tower told the super Market in title Smi in a recent Survey f How its members View the fun ure. Retailers agree Competition As id As the human race will be Holer than Ever As stores continue nto each other s Are now supermarket Bains running discount houses Dos counters owning food stores and Rugg Sta Selling general Merchan use. Department and discount Tores Are mapping plans to com Al on each other s Levet. Many of the forces behind the postwar Boom which started the real revolution Are still present. Population is rising faster than Over disposable income and Leisure Lime is going up and the War Miles Are starting to form new fabric and materials Are Ander development. Several paper companies Are experimenting with tulle made of could Toon be As obsolete As bartering. Kroger co. La testing credit cards in super markets at Birmingham Ala. Someday electronic computers May keep track of the family s food needs help in the shipping and tally up the monthly grocery kill. Must retailers agree that is a to the to the present Are ways to lengthen the lit of food products and Cut losses from perish Able while still maintaining flavor and appearance. Cart Kornblau Smi research director said studies to this and Are currently going on . Exchange s most Active list new York up the m most Active stocks traded on threw Vork Stock Exchange last week my he a chm Ltd my of i1fc set is St Tui. I Mem m. A Mlou it Ijes 47 a n him isms m in i Tust own not Oil tech to a a in Oil Uii 4iv. 4i i a Hamwi Laum nit Rva its 55 55 k 3sm lot mss ii my Iii 1 a is a ass s i9t alter is n irradiation cold sterilization end dehydration. Stores will make greater use especially in ordering and inventory procedures As the squeeze on profits continues. Borne already have automatic de vices on Cash registers to dispense trading Stamps. Safeway stores Islip Talling automatic bookkeeping. Meat departments in Salt Lak City Utah use automatic cutting weighing wrapping and stumping machine. Although Central business District last Sajet with uie growth of suburban shopping centers Many expert believe the Down town department store still hat alot of future. Smaller stores cannot match the ores Bast attractiveness of their Christma displays and the greater assortment of Choice available downtown said Fra Anderson associate Dean of Northwestern business school. What Hlll the store of the future be like u Oil depends on your says sol Polk head of Amajor Chicago discount Chain. She s a Genius at shopping an demands value for her Dollar he says. If the retailer in t efficient she will find one who Polk sees a science fiction like role for the Small suburban store in the future. Such stores Are definitely limited in their ability to carry Large inventories he soya but they Are conveniently located. One solution. Polk believes might be a series of crypt stores carry pm a Shilisa .j,aaaaaa9es Zeckendorf shaky Finar new York up real estate tycoon William Zeckendorf has announced completion of a series of deals involving approximately its million As part of his Campaign to raise an estimated us million stave off the possible collapse of its Empire. The flamboyant financier and promoter said a was withholding bloc disclosure of the details of h arrangements at the request of those announced earlier the year plans to liquidate Large portion of his real estate holding Sart to refinance some High interest ate Loans to meet an estimated87.7 million in Short term debt coming due this Overall plan is said to involve the Sale of Jim million in Roper Les and the refinancing of Short and Long term deals involved several real estate project in new York the terminal Commerce building i Philadelphia and other properties. The principals in the transactions included the Prudential insurance co. Of America Banke Slife casualty co. Of Chicago a sons. Bankers life of Dallas and Zenith to boost to production Chicago up the Zenith radio corp. Will substantially in crease production schedules for television receivers through sep tember because of record orders from la distributor it was announced. L. C. Trusdell. President of Zenith sales corp., a subsidiary said orders for the firm s 1964 line were substantially ahead of orders for the same period inst and More than 38 per cent ahead of order for the sumo months in 1961. Production of color television sets is sold out through said and orders for Black and White receivers set a new record. Bolstering Icid Empire the United state steel and car Egie pension fund. Last month. Zeckendorf who Ishal rms of Webb a Knapp an main cd plans to place some minor Tew York properties on the auction Block to raise Nore than s3 million. The auction is schedule for wednesday Webb 4% Knapp has run into serious reverses in the past several years and by the end of the first Quarter its Treasury was drained of All but sl3 million in Cash. Thereal estate development company lost sw6 million in 1362. 5 new members approved by amex new York up governors of the american Stock Exchange ave approved representatives of five a Iodate member Organ tax sons for regular membership boosting the roster to 543. New members approved include Frank h. Hunter Mckelvy a Edward d. Jones. Jr., Edward d. Jones a co., St Louis John f. Koran Cooley a co Hartford John b. Rychtar Butcher a sherrerd. Philadelphia and Joseph r. Neuhaus Underwood. Neuhaus a Cox. Inc., Houston. Amex said representatives of 72 associate member firms Hove expressed intent to Purchase the 101 seats initially authorised for Sale to qualified associate member since the new membership program started april 16, 1963. Over counter 15 new York up stocks traded Over the counter closed mixed Lut National quotation Bureau i Index of 35 representative Industrial stocks closed at 137.24 up 0,21 from a week the losers in the Indus 3f All Roods and services not quit Matching that of the first Milf. 1 hey lao envisioned b Rise in m plot spending by business uni in no Ronso in government upending. Hut in Irir View the problem inf Holch unemployment and the def rat in the International biplane a of ? function no no inventories but serviced by closed circuit television. The Cus Tomer could see whatever furniture or Wippl Lance he wished on a color,.hrctml intension screen transmitted Tram a Central Supply depot. A two Way audio Hookup would per Mit him to question the May be a touch of Jules Verne in such ideas there Are also signs that food merchants May take n backward Tea co., a leading exponent of trading Stamps and other promotions is experimenting with big a Dos count food markets in Chicago and Detroit. These stores have no Stamps frills or other gimmicks just food priced 5 to 10per cent below comparable items in National s regular stores. Amex stocks moved higher in moderate trading new York up stocks moved irregularly higher in mod Erate trading on the american Stock Exchange it Werft volume for the four Day period amounted to 3,646.150 shares com pared with 5.493385 shares last week and 3,351,047 shares in the Millar Holmay period last year. Data control topped the most Active list rising 6 to 23 on turnover of 201,400 shares. It was allowed in activity by new Par minerals up %. Great Basin Petroleum up a technicolor up14 and by Tex up 4h. Electronics were generally fractions higher. Audio development gained electronic assistance k ind microwave transmission an Statham instruments gained 1h and a i attracted buying interest Occidental Petroleum jumped 2,South Penn of 2u, Sinclair venezuelan a i and dome Petroleum h n the motors. Ford of Canada tacked on h but Simca Sank 3h. Be Dicks gained u on news i Isales and profits were ahead o last year s Pace. Metal stocks were a firm spot with Ohio brass up hand molybdenum up 1. O Oklee Copper ran counter to the grou trend and dropped 114.utilities showed Subi Tantal gain including be Telephone of can Dup a Philadelphia electric up 2% and puerto Rico Telephone u1%. Rayette was an incl Vedua standout tearing 10%.other Large gainers included Irving Alre Hute up 1h, Lucky Friday 114. Pyle National 2h. Web a Knapp 34. Technicolor 2h in radiation inc. 2. New York up the 1most Active stocks traded on the american Stock Exchange Las week do Central mi.4m Tel in part i i17.7m s it tilth i uti v by atm 7s.ms Sec. 4tt Aib Fuff Mem i1h0tljtil.l pit Mem a i a Tahu a. 4cim4 to Matt bum it �/4 ,1.0u 1ih w stocks posed m trial list were Dictaphone 1% to 31 4 and or Lineu corp. Off 2 to 96tt. On the upside were Ell Lilly which tacked on 2 i u 01 i new Jersey natural Gas of2 to 44 noxzema chemical up 4 to 89 and g. D. Searle up in u aymonds will remain. Another group of industrialists polled by the first National Bank cd Lingo of pressed More cont t arc in a High level of bus inns or the entire year than they had Elt six month ago. One of them Joseph i. Block tin Crmim of Inland steel co., Bald although steel production to the Frond half will be depressed by que Dalton of Excene customer in enter Lex it appears to us Thattell consumption should be some hot higher than it was in theirs six months of the Austin t. Cushman chairman Ofcar Roebuck a co., to told he sex octet a 4 per cent increase i Nentl Stiles in the second half As compared with a year earlier. In a sep rate san Trent m. Mon of Kimbrel president of the Amer can Bankers association comment d there Are Good reasons to about the Outlook and t is obvious that business senti ment has improved prospects Are that the Amerl an Economy will expand through his year and into next year per haps even More than Street production had declined other Sharp drop was inevitable last week. Output fell 4.7 per Cento 213,000 tons from the previous week. Buyers were holding Dow orders because with the new labor contract there was no further need build inventories there was some cutting Back of employment. Pittsburgh steel co. Said it would furlough 790 to 1,000 steel firm. Indle Ted the Federal government indicted eight steel firms and nine of their executives on charges of Price fixing in the its ill lion a year castings Industry. Companies accused were Bethle hem steel Baldwyn Uma Hamilton corp., b1awxnox co., Erie Forgea steel corp., text Ron inc. Gen eral steel industries inc., Blrds-9oro corp. And Penn steel cast ing fourth of jury Holiday Cut into automobile production wit output estimated at 124,600 can compared with 198,713 last Wek. Production schedules for july Canfor an Embly of about c25400 Pas Senger cart which would be the highest for the month since 1969. June output of 689,519 cars was the highest for that month in his toy. Ata Mew Deemes. The time of decision Drew near in the Railroad Industry. The rail roads said they will put into effect on thursday work Rule changes which the unions have said would mean a that event. Congress la expected to act to Avert a nation wide Railroad on new construction Rose in june to an annual rate of 963.74 billion about 9350 million above the original estimate. The june increase of 6 per cent overlay was More than maa onal. Briefly around the Busone Nascene the f. W. Woo i Worth co. Variety store Chain will ecu or the Stos Iare g. R. Kinney corp. Shoe Chain. Major producer raised the Price of Lead u cent a Pound and of a inc k cent a Pound. Higher dividend payments Wen made by 668 companies in the irs Thalf of this year than a year earlier. About 141 million americans had some form of health insurance coverage at the end of 1962. Fixed last week in the Bank Lut Chase Manhattan vaulted 4\ to v9&. And first National 2 to 104% actively of faded insurance Stock. Included criterion insurance which added itt to 47 employers reinsurance up 1u to 73 i and mid Western United life up 3 to 70
