Images (22)
Document
| id |
id
574768562
|
|---|---|
| contentType |
contentType
document
|
| source |
source
import
|
Source image fields (6)
Extracted text
OCR Page 1 of 2213
ECONOMY
The resurgence of interest rates is threatening to
collapse the nation's securities markets and smother
economic recovery, a highly respected financial
Commy
adviser has told the Admin. John Winthrop Wright,
who advises many of the nation's largest brokers
and close to 1, 000 banks compared the situation to
the 1930s. This is exactly what happened then, rt
he said in an interview. "I cantimagine they'd be so
stupid as to permit it again, he said in reference
to the Fed. (AP)
Petef.
Tell
arthur
Brings brain Pris
I thind
wright
is
connect
Criticizing Admin. steps to control inflation as
"timid, isolated and erratic, " Sen. Proxmire says
Beep
he'll introduce legislation to compel RN to set voluntary
n
price and wage guideposts. "We need a systematic,
continuing incomes policy which would be conducted
at all times as a matter of law, 11 Proxmire said. "And
we need to begin this policy now. (AP)
*
Reporting on a nationwide survey, the FTC said 86%
of the country's creditors are complying with the
two-year old "truth in lending" law. It said new car
dealers have the best record and used car dealers the
worst. (UPI)
Lockheed reported a net loss of $86, 282, 000 for the
year 1970, compared with a net loss of $32, 642, 000
the year before. (UPI)
*
The USDA estimated the size of the 1970 cotton crop
at 10, 184, 300 bales, up only two percent from 1969
despite government hopes for a larger increase. (UPI)
Relations
belongs_to