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...Crutch for Kids. The Schaeffers' guests spend most of their weekends in discussion sessions led by Francis Schaef fer in the chalet's big living room (where he also conducts a brief Sunday morning service), with a hike for exercise. The talk may begin with any subject, from skiing to space flight; Presbyterian Schaef fer, Bible in hand, trades dialectic with the best of them, as the air grows blue with cigarette smoke. "We don't sell sweet religious pills in the discussions," he says. "What we give is the truth." Missionary Schaeffer's conception...
...workers covered by cost-of-living contracts, the price increase means an automatic hourly wage hike of from i/ to 3/. Despite predicted wage increases of 3% to 4%, economists for the National Industrial Conference Board this week said that "relative price stability" will continue to prevail during 1960. Other predictions...
...first half of 1960, may thus help to ease credit or at least prevent it from becoming tighter. The Federal Reserve would like to keep its present discount rate of 4% in effect even after a settlement, looks for interest rates to stay steady. Bankers do not expect a hike in the prime rate of 5% for some time, think that if it comes at all, it will be small...
...SUIT PRICES, holding stable this year, will rise $5 a suit on 1960 fall lines, says Jerome I. Udell, chairman of big Gramercy Park clothes. Industry looks for 7% hike in labor costs with new contract next spring, plus other higher costs...
POSTAL RATE HIKE on parcel post packages and other fourth class mail will go into effect...