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MORTGAGE FORECLOSURES on nonfarm houses have climbed 78% in seven years since 1952. Reason: the price rise of real estate has been slowing, making it harder for a debt-ridden householder to sell out and cover his mortgage arrears. CIGARETTE IMPORT ban lifted by the Japanese as part of their trade liberalization program with the U.S. will bring nearly $3,000,000 in sales to U.S. cigarette makers this year. First order of U.S. cigarettes, $950,000 worth of various brands, sold out in three days despite high prices -36? per pack for regulars, 41? for kings and filters...
...most important economic news last week, among a collection of grey statistics, was the continued rise in new-car sales. In the second ten days of October, sales of cars rose 11% over the first ten days, just about equaling the alltime record set last year. The industry is selling 21,730 cars a day, is racing toward 550,000 domestic sales in October. Counting import-model sales, that would make October the best such month in history. For the first time in seven years, fewer than half the cars being sold in the U.S. are eight-cylinder models, reflecting...
...good sense and practicality of most of is proposals, but a little more long-range creative thinking about the problems and possibilities of Harvard-Radcliffe affiliation might have produced a more valuable guide to action. As the report stands, some of its strongest recommendations lose much of their import because the Colleges have already followed the suggestions wherever possible...
...Ingmar Bergman will have to wait for The Virgin Spring if it's the artistic manipulation of a new and different situation they're after. For Dreams sheds little light on the already thoroughly essayed subject of mis-matched lovers. Marred by disturbing patches of untimigated boredom, this Bergman import lacks the sparkle of either Smiles of a Summer Night or A Lesson in Love...
...will be as little as 3%. The new bank bears little beneath-the-façade resemblance to the other development outfits that the U.S. is caught up in. Public Law 480 sells U.S. surplus agricultural products for local currencies, then lends back the payments for development. The Export-Import Bank makes loans exclusively for the purchase of U.S. equipment and commodities. The International Co operation Administration dispenses grant aid and technical assistance. The International Finance Corporation operates on a small scale as an affiliate of the World Bank and the IMF to invest in private enterprise...