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SOCIAL SECURITY FUND will run $87 million in red for fiscal year, which began July 1. Higher social security taxes, which went into effect last Jan. 1, are expected to boost fund's income over outgo, starting in 1961; fund's $1.5 billion deficit, accumulated over past three years, is scheduled to be repaid...
...SHIRT PRICES will be boosted about 6% next month by Manhattan Shirt Co. on big-volume, $4 shirts. Other major makers are expected to follow move in industry's first major price boost on brand-name, medium-priced dress shirts since...
...newspaper without making the reader scream? Experience suggests otherwise. When New York's afternoon dailies went from a nickel to a dime in 1956, all three took circulation losses so severe that not one of them has climbed back to its old level. After a more timid price boost-from a nickel to 7?-in 1952, two of Detroit's three papers spent years recovering lost ground, and the third-ranking Times has still not recovered. Yet a fortnight ago, all three Detroit papers raised prices again, and not only got away with it but last week sold...
...closest the talks came to a bargaining base was on an eight-point management contract revision proposal to "improve efficiency and eliminate waste," thus "generate new economic progress." The industry's implied offer of a noninflationary wage boost in return for broader management rights was promptly labeled "industrial blackmail" by Steelworkers' President David J. McDonald. Said he: "You have nothing but contempt for your employees...
...disposal plants should give a healthy boost to a drugmaker whose diversification (Aralen, Novocain, Dr. Lyons Tooth Powder, Molle Shave Cream, Energine lighter and cleaning fluid, textile and printing dyes, etc.) has already carried it far beyond the drug field. As a result, income last year topped $200 million for the first time in Sterling's 59-year history, with profits of $19 million ($2.42 a share...