Masonry Magazine January 1969 Page.28
Strong - Portable - Reliable - and Inexpensive answer For Your Hoisting Needs
wyco
LAD-E-VATOR
Lifts up to 1250 lbs. 80 ft. high; pulls behind any car or truck; sets up in less than 10 minutes; completely automatic. For full information, write for the all new catalog WL-67
LAD-E-VATOR
Division of
Wyco Tool Co.
P. O. Box 306
Des Plaines, Ill.
28
Washington Wire
(Continued from page 19)
beginning of an era of somewhat easier credit-though nothing like a return to the easy-money era of the early Sixties
INTEREST RATES ALREADY HAVE BEGUN TO DECLINE
in one area, anyway. Yields on marketable bonds and similar securities began to slip last month. Prices rose on brightening expectations of more relaxed demands for credit, stemming directly from (1) the economy's cooling, and (2) hopes for for peace. The rates that corporations or local governments had to pay dropped by 14%. The decline was irregular zig-zag with temporary upticks along the way.
CORPORATE EARNINGS ARE NOW CLEARLY FEELING
the cost-price squeeze the pinch of rising costs and an inability to pass them on in higher prices. Profits in the third quarter were still up 3% over the similar 1968 period. But the year-to-year gain was smaller than those made in earlier periods. However, this quarter-and in much of 1970-net will lag year-ago figures.
-Best showing was registered in drugs and nonferrous metals.
-Big declines were noted in textiles, autos, and auto parts.
WASHINGTON MEANS TO KEEP HANDS OFF LABOR DIPUTES
even big ones, and even where defense production is hurt. The President is fully backing Labor Secretary Shultz, who refuses to interfere in the bargaining process. Shultz believes that his approach may bring more strikes at the beginning, but that earnest bargaining should start sooner and work better in the end. In contrast with past adiministrations, the Nixon team will not try to arbitrate or work out final terms. Washington will provide the services of U.S. mediators-nothing more.
NIXON'S RELATIONS WITH CONGRESS SEEM LIKELY TO WORSEN
in months to come. The recent uneasy truce will be shattered by increased needling over the pace of withdrawal from Viet Nam and by the President's hope for a GOP-run Congress in 1971. Nixon no longer needs to persuade the Democrats to enact bills he must have-like extension of the surtax, passed last summer. If relations soured, the White House could be free to label as "do-nothing" today's Democratic majorities in Congress. The strategy worked for Truman during 1948-and could again.
THE DEMOCRATS WON'T TAKE ANY ATTACKS LYING DOWN
They'll hit back. Their chief arguments: Nixon was slow to get his legislative proposals up to Capitol Hill. And even then he didn't push so hard to get them passed. So, not much in the way of his major legislation will be passed this fall-except for the money bills that must be voted to keep the government going. Other bills that are not passed this year automatically hold over to 1970.
The "Deskbook on Organized Crime" is a new, 72-page pamphlet prepared by the U.S. Chamber of Commerce. The publication tells firms how to detect organized crime on their premises how to spot gambling or loan-sharking and who do you call when you believe that your company is being victimized. Copies can be obtained for $2 from the U.S. Chamber, Washington, D.C. 20006.
masonry
• Nov./Dec., 1969