Word: marches
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Dates: during 1960-1969
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Analyzed monthly by the Commerce Department, the leaders are indexes that tend to foreshadow the pattern of production, paychecks and prices. In October, the leaders began to level off; for the next five months they zigzagged. During March, to judge by the eight indicators for which the results were in last week, they dropped about 1 %. The apparent shift of the leaders strengthens forecasts of a salutary slowdown in the second half...
...most auspicious of Commerce's signals was flashed by the turnaround of three indicators: orders by manufacturers for durable goods, contracts and orders for plant and equipment and new building permits. Reversing sharply in March, the three portend slower growth in inflation-provoking corporate spending on expansion. They reflect boardroom decisions that will soon show up as changes in factory output and personal income, which are measured among the so-called "coincident" indicators. Reaction is already evident in retail sales, which also turned down sharply in March. Eventually, the effects will ripple through the economy as rises or declines...
Reverberating Impact. Oil companies also have fared unevenly, even though they raised gasoline prices in March. Earnings at Standard Oil of New Jersey advanced only 1.6%; profits rose 6% or more at Gulf, Mobil, and Standard Oil of Ohio but fell at Texaco, Phillips and Atlantic-Richfield. Occidental Petroleum recorded an 84% earnings increase, reflecting the rich flow of low-cost crude oil from its Libyan strikes...
...Germans are talking about revaluing by 8% to 10% if the franc is dropped by the same amount. Any major increase in value of European money would tend to help the U.S. balance of trade-which posted a $215 million surplus in March-by increasing the price of imports. Without revaluation, it will be a long, uneasy summer in the foreign exchange markets...
...GUESS that if Universal has Connie under contract that means she is going to be in another movie sometime. I saw her on their lot in California in March and she said she thought so and hoped so. She came into the room wearing mod shoes, a mini-skirt, and a chiffon thin blouse with nothing under it. I thought, My God, like in the magazine, she had broken her fingernail, she said, which was funny to think of because it is so cute a crisis for a starlet to have broken a fingernail. Then she did herself one better...