Word: youngstowns
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...Youngstown, Ohio...
...Administration did score one small victory last week in getting a steel price boost shaved down. Two weeks ago, Republic Steel and Youngstown Sheet & Tube raised prices 6.8% to 8.8% on some widely used products. At about the same time, however, U.S. Steel Chairman Edgar Speer breakfasted in Washington with Council of Economic Advisers Chairman Charles Schultze, who urged him to hold the increase to 6%. Last week U.S. Steel did so, and the rest of the industry fell into line. Several Board of Economists members nonetheless view such gentlemanly jawboning as inadequate to stop inflation. Nathan and Pechman predict...
There was one ominous item in Carter's news: U.S. wholesale prices in April rose at an annual rate of 14%, the third straight month of double-digit figures. That trend could be aggravated by rising steel costs, as two producers, Republic and Youngstown, raised prices 6.8% to 8.8% on many products. Otherwise, all signals were go. Unemployment dropped to 7% in April; that is the lowest figure in 29 months. Treasury Secretary Michael Blumenthal estimates that U.S. GNP will rise 7% in the second quarter, v. 5.2% in the first. U.S. auto sales in April climbed 12.5% above...
...Archbishop Joseph L. Bernardin of Cincinnati, John Cardinal Carberry of St. Louis, Terence Cardinal Cooke of New York, Archbishop John J. Maguire of New York, Bishop James W. Malone of Youngstown and Bishop James S. Rausch, general secretary of the National Conference of Catholic Bishops...
...bill calling for a breakup of big oil companies (see ECONOMY AND BUSINESS). Bayh favors some kind of federal aid for New York City. "If you let New York go down the drain," he said in a speech in Ohio, "it's going to be tough on Youngstown! It's going to be tough on Terre Haute! It's going to be tough on Peoria...