European Stars And Stripes (Newspaper) - January 5, 1965, Darmstadt, Hesse                                January 1965 the stars and stripes u 13 experts predict slower Economy growth in 1965 by Jack a business news writer new York the business worlds attention was focused last week on the prospects Tor businessmen had enjoyed a prosperous predictions for the new year the consensus seemed to be that business will experience continued growth but perhaps at a slower the upturn entered its 47th month As the new year thirteen leading economists who participated in the National Industrial conference boards annual economic forum the opinion that ims will a better for business than 1m4 nit Many More obstacles will o have to s they estimated that the Gross r National product total of All p goods and will gain 5 1 or reaching m66 billion t by the end of the t other forecasts by this group t included a per cent gain in i Industrial a Ito 154 i per cent Advance in the consumer Price Index and a slight worsening in the unemployment a Survey of 300 members of 1 the american statistical Aszodi Atlon indicated that the cd Ono Mars growth probably will be at Pace than in f unfavourable factors died most f of ten by these economists and tails Liclan were Lahore Nunci p sent particularly the i Ossa Billy of a steel strike inv pm atonal political difficulties go tar Money and credit domrs1 Cally International financial 1 such As the British 1 Terling crisis and an increase 1 n the balance payments e i another group expressing the c Pinion that the growth rate will slower was the National Ting a privately surf research and planning Orf Jan ration with labor nil the pro n h it predicted a Cross in tonal s product of 1060 billion a per ent the increase in n Ras 5 per professor Henry Walluch of 4 Rale a former Mem or of the presidents Council of r warned that t m5 could see the end of the Long he said weak Points r include housing starts and Lack f strength to new the Johnson administration Ras ready to prime the Economy t Ruth excise tax cuts and greater c ederal to Toj increase in the cent steel sheets As spread Wilh Youmg town a the Bethlehem National steel not steel Pong in Johnson pres Lent Johnson directed his Echo Mac advisers m look into the a cent wave of selective Price advances for the order rent to Gardner choir an of the Council of economic presidential press Secretary Levorce Reedy said it win be up o Ackley whether or not to rec iwand undersecretary of the Treasury Robert room warned that Teel Price increases could set of n fresh round of the United steel workers renewed their which Means that a strike could be Elrd May with demand for steel continuing heavy from the automobile and construction industries and Tome buying being done Ai a hedge against a possible mitts were hard put to till they turned out 1964 was new Yorik Stock Market rolled up a big Advance for the second straight e again reaching record on Peak volume Topping a i the gains on average in ism and 1m4 were about the big 51h on shares in re Pom to us big Mineral find in second place in continued its strength of rising 19 Points to but most of these and other issues were considerably Tor St highs they made Well before the much of the it was a High Quality with Blue chips showing the although there was Liberal assortment of Galen in stocks of lesser Market analysts spoke of it As a  with very new excesses of a Type which would raise the eyebrows of regulatory the Advance was by no Means unanimous among the Market records in National corporate profits and dividend payments accompanied the 1m4 Rue in Stock the rallies of the put two Yean actually Wen rebound from the great Stock Market plunge of Spring which touched Bottom in june of in prices 1 via boost color to sales new up1 for off per cent from the previous week which set n of midyear for the tons of steel had been Wen above the previous record of 117 in term tons in with of neral motors and Ford motor working Only three Days and Chrysler n til Wita to to i 01 Lesi a to i a 0 v it u p e j i 0 3 1 x t t t t t t t t t reaching its Peak in late the Market fetid ending the year in a Small rally which main ined the Wall Street tradition r yearned As the year forecasts r the Market were cautiously Tyml Stylc but clouded with uts on some the Conny was to at Art Tor the first but at a Ower rate than in concern Over Pound Wall Street was concerned bout Britain financial it Mil and the strength of the fund Sterling and How it would feet the the possibility a steel strike next Spring was on the plus Side were the u6s stall ment of income tax reduce on the change of Nodl Talonn Bollei for business in the form o Pine tax the closely watched Dow ones Industrial average thl ear made Large Advance o Points to close at the associated Verag f 0 stocks Rose Points to of issues traded to 1964 395 declined an 16 were Texas Gulf Sulphur was in nost Active rising 27h of color television receivers Are banking on lower set prices and increased television Iro Graming to boost sales in radio of a prime mover in the color said in its yearned review that the starting Price for color sets will be reduced gradually As production increases and manufacturers pass on resulting the company that color will always be considerably More expensive than Blacka Edwhite models because of additional and More costly Shorter takes higher component Cost May already Hove created one problem for the Industry if the newer rectangular tubes catch on in Roca noted that these tubes Are four to five inches Shorter to a feature of great Appeal where floor space is a problem and one which spurred the Blacka Edwhite Market years Back when the Industry shifted to the 110degrw tube from the longer 90degrce but the company also Point i out the rectangular tube win be More pm Tiv to manufacture Ihnn the round lube and there fore will be priced because of the new years Normal automobile reduction was Cut to output was estimated at passenger record year expected despite strikes against Gene motors and Fordt the Industry 1964 assembled million topped Only by the n 1955 the Indus try expects an Ven better year in Ford chairman of Ord commented we believe car sales next ear May Wen be As High As we also believe that Ruck sales will equal or exceed he 1964 the Cost of living Rose in november to a word per cent of the 195759 Jib or derailment attributed the per cent Advance mainly to Aulo Mowle a strike by firemen halted operations of the Southern railway system for one Day before management obtained a court order against the negotiations on work rules an being also resuming on National scale Are negotiations Between the railroads and throw shop unions which have been threatening to West coast lumber and plywood prices Rose at least t per cent in the Wake of the disastrous floods in us Pacific billion gives Bell i new York a the Bell Telephone system of american Telephone Telegraph has reported record 11month earnings of the biggest yearly income Ever reported by a Utility or manufacturing concern it marked the sixth earnings record be 12month period that the Orlds biggest Public Utility Enterprise had profits of More than billion earnings of the Telephone system for its fiscal year ending 30 totalled or a this compared with consolidated net income of or a share for he comparable period ending general motors corporations earnings of Hytlon in 1963 marked the previous High in yearly profits the nations 1 automaker has not yet reported its 1964 the Bell system operates More than 80 per cent of the nations total operating revenues at the Telephone system for the 11 months ended last 30 totalled 910 22616 000 compared with the previous business irregular in final week of ass year new York up Stock prices were irregular in fairly Active trading in the final week of 1964 on the american Stock volume for the week totalled shares for the four Days compared with shares n the same number of ses slim the week before and shares in the same week last volume for the year Rose to the third Best Vear in the history of the sex and compared with shares in syntax topped the most Active list for both the week and the it dropped to on shares Lor the on the year ii was Down 5914 on Gold Flold wag the second met Active Issue last ii Rose h to 2vd on plan yellow knife mines was third with a gain of 1w at on new York up the 1 most arrive storks traded on in american Slock Exchange Las week Lam cum Chi Lynda i of hmm m Olam m tune v k 01 Lapalm m t Cwm h Braam to Hoo 4 on Kalm Jujj clan Nam Slock Market stocks on average new York up Stock traded Over the counter last weel were Down on average hut Man features were up the National quotation bureaus Index of 35 represent Atli Industrial stocks closed the hot Day shortened week at off from the previous abbreviated trading Amo kens wined 3 to Cannon Mills 2 to Kan Tek 4 u 31 and Gran null 10 to 105 Kalvort added 2 to 66 and Traci products 4 to the insurance list was Genera by american Home Assur Ance shed Fidelity Union and midwestern United in the banking list Chase a Hattan picked up chemist 2 and Morgan guaranty if Omsk hum Luis swi Pajah by Ujj pm Cyan Ujj Jun m Poun m i t in p i 13 s Jim Vul 3 f f 1 ill ill a ii h menu it m 9u Tamm 5jj 1w4 am St is m so a prices from Merrill Tybura Phi a Vic a ult tract a o ll5i Mca us climb w 41 Aumi m w4 my v to he out ump int in x u7h us Lull to so us in wiw4 my m o cat not Toi m o to w mid Bakar the my m Thome memo in carb 1mm 7 uhf Pendl Ihfe m nub m1 u a Fth w Ami in m ii f a mirth i7h pm Viwat in Lull us exchanges mos Active list York up Rne 29 most Active stocks traded on toe Mew York Stock Exchange Lut were a my nil 53o 5 m m hot h Ituk my Mike m Nev wet t t i a shot am Mem am my m a 0 Homb m m Chry ilm u4joq i1h w am Mit i m my m pan am 117300 it so v to f 1tjw Tlok 1 a me u not Tab my m of my mj09 h i m