Masonry Magazine July 1976 Page. 20
ANCHOR "Hy-Dump"
Low Charge 38"- High Discharge 35" 12 cu. ft. capacity
Power Dump
Dealer
Inquiries
Invited
Designed especially to provide a low charging height and a high discharge height coupled with a power dump. A fast mixing machine capable of dumping into wheel-barrow, concrete buggy or mortar pump.
For information, phone (312) 247-2530 or write
ANCHOR MANUFACTURING CO.
2922 W. 26th St., Chicago, III. 60623
WHY PAY HIGH PRICES
Hal Callies
Western Tool & Supply
Selling Quality Diamond Blades Since 1968
Now offering a summer special on 14", 18", 20" blades. Available in standard duty or premium duty.
Call Hal collect person to person for price quotes a/c 213 346-4938
Western Tool & Supply
6311 DeSoto Avenue, Unit H
Woodland Hills, CA 91364
Also available 7", 8", 12", 14" Abrasive Blades
Washington Wire
(Continued from page 11)
INTEREST RATES ARE LIKELY TO RISE ONLY MODERATELY the rest of 1976. That will be one by-product of the calmer business expansion now occurring. To be sure, interest rates have already gone up somewhat during the spring. The credit-controlling Federal Reserve tightened a little starting in April to brake the growth of the money supply, which surged at a 15%-a-year rate. Fed officials says that they won't tolerate growth above a 42% to 7% range. Over-all, short-term rates have risen by about three-quarters of a percent.
BUT RATES HAVE HELD STEADY-EVEN FALLEN A BIT since about mid-May. The money supply has lately been growing at a 6% rate within the Fed range. And, as noted, the economy no longer appears as likely to get overheated. The rising tempo of the economy will no doubt force some further tightening as the year goes along. But analysts don't look for a large jump in rates. They note that demands for money to transact business won't be so enormous, given the prospect that real activity plus inflation seems to be moderating.
That will mean that the Fed won't be faced with big money-supply increases, increases that would force big jumps in rates to prevent renewed inflation. Analysts see the banks' prime lending rate going up to only 8% by the end of 1976.
COMPANIES SEEKING EXPORT SALES WILL PAY MORE for Federal credit aid. The U.S. Export-Import Bank has tightened up on its terms for export loans. A rise in the down-payment is the most significant change in American policy. It will force foreigners to plunk down 15% on the purchase of U.S. equipment if they want assistance from the Bank. Japan and France are set to follow.
CCE Speaks Out On Merger
(Continued from page 12)
would be obliged to pay several times the dues now being paid to CCE but would have only 65% of the vote on policy decisions. That proposal was and remains unacceptable to CCE."
"CCE is convinced that such a merged organization should have a Board of Directors consisting of an equal number of representatives from each national association. Dues should be paid on the basis of a formula consisting of such factors as size and ability to pay. CMA is welcome to join such a group as any other association with the same number of votes as any other member of the CCE organization such as AGC, NECA, MCAA, SMACNA, and so on. CCE does not believe in voting "stock shares", nor does CCE believe that an arrangement would be workable whereby large associations, or large contractors, could alone establish national policy for the entire construction industry consisting of hundreds of thousands of employers. CCE believes that the member national associations, which represent over 105,000 contractors altogether should have a predominant majority on such a merged Board, in view of the fact that CMA numbers only 54 contractors in its membership."
"With respect to regional or local bargaining groups, CCE believes that much better communications can and should be established between them and the merged group -better than either CMA or CCE has been able to pro-
masonry
July, 1976