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...sights too high are hurting now. Cleveland's officials are disappointed because the Seaway attracted only 25% of the expected new tonnage and not a single new industry. Duluth built a new $9,000,000 port terminal, and though the city's outgoing shipments have risen, its import turnover is off 46% from a year ago. Other regional centers profit in some ways only to lose in others. Buffalo's ocean tonnage has doubled, but its great milling business has sagged because Midwest grain carriers now head straight overseas without stopping at Buffalo. Lake Erie steelmakers enjoy...
...China, which has sagged steadily from the last published figure of $35 million in 1959, is likely to sag even more. Says he: "The immediate outlook for trade with China is discouraging because of natural calamities. This has resulted in China having to spend a great deal on the import of foodstuffs." But he is confident that great new markets still await Jardines in the emergent nations of Southeast Asia. And most old Asia hands, convinced that a prime motive for last week's stock sale was to raise expansion capital, back Barton's judgment of Jardines...
...import of the ideas of all three panelists was best summed up by Alfred's opening quip, which he had attributed to Thomas Mann but later admitted was his own, "If you give the public quality, they will buy quality...
...West German recruiting scheme hit a snag last week. Badly in need of trained labor for his Hamburg shipyards, German Tycoon Willy Schlieker wants to hire up to 500 Scottish shipyard workers who have been threatened with layoffs or slow business at home. But despite his willingness to import a British cook along with them, Schlieker has not been able to get even an advance party of 60 Scots. British newspapers and trade unions argue that Britain itself, except for isolated pockets in Scotland and Northern Ireland, will soon be facing a labor shortage. Says Schlieker: "From some...
...Detroit's central business district, Hudson's has sought to compensate by getting behind Detroit's extensive urban renewal projects. And to protect its own downtown investment, the company tries to lure suburban shoppers into its main store with art, flower and fashion shows, with import fairs and cooking and sewing clinics. The downtown store still accounts for 50% of Hudson's business...