The Lexington advertiser., 1962-06-14

Degan June ISL. s...ss..
marketing techniques. (
Mr.. Kelly's firm, a subsi-
diary of C.. l.. T. Financial
Corporation, provides work
ing funds and other types of
financial support, for manu-
facturers. and wholesale dis
Eibutors of fextiles, apparel,
shoes, furniture, hardware,
optical goods and hundreds OF
other products.
FREE ENTERPRISE A
major business leader has ta-
ken issue with the govern
ment over the type Of guide
lines it is setting. down for. an
nual pay and benefit increas-
es for unionized employees.
J. w. Keener, president Of
The B. F. Goodrich Company,
told the White House Confer
ence on Economic Issues the
current. government : estab-.
lished guide line" is imprac-
tical and unwise because it
removes from the negotiating
table a. wide area of bargain
ing, thus interfering with the
freedom of management and
organized labor to arrive at
the best settlement for, their
separate and mutual interests.
The guide line" while in.
tended to moderate settle.
ments and demands, may in
stead hinder settlements, lead
to unnecessary strikes, or
bring about settlements not in
the lorg-range interests OF the
parties, Mr.. sKeener said, BE-
cause it imposes non-appicar
BILE national judgements upon'
local situations.
The guide is based on "the
fallacious productivity theo-
ry" of union wage and bene-
fit determination, he said, and
assumes an exactness in the
measurement of productivity
gains that is not statistically
possible"
The guide is generalized
from the whole economy
down to individual industries.
plants and even parts of
plants where economics and
other factors may dictate
widely differing considera-
tions and settlements, Mr..
Keener added, and accepted
by unions as the level at
which bargaining only be-
gins"
THINGS TO COME - A
compact auto air conditioner
that can be almost complete
ly hidden behind a dashboard
has been developed by a Mas
sachusetts firm; the unit is
easy to install, the maker
says. A low-calorie whip
ped, cream IA calories per
serving) that repeatedly has
very little cholesterol is on
the market; the whipped
cream comes in an aerosol
dispenser A combination
bottle opener and cap catcher
for use in kitchens, recrea-
ton rooms and aboard boats
has been introduced national
ly by the maker Of thermos
bottles.
VOLATILE PRICE WAR
The competition in the gaso-
line industry has ignited !
price war that shows no signs
OF abating. Gas companies
have experimental with spe-.
cial high-grade gases, low
priced gases, multi-purpose
blends, super-service stations,
premium offers and huge 'ad-
vertising campaigns to win a
larger share of the consumer
dollar in recent years - ap-
parently to no avail. Gas
price cutting has been ram
pant for months in many
states. At present, there
seems to be no end in sight:
at present gasoline prices the
only ones who stand 10 profit
are the consumers.
BITS O. BUSINESS - Per-
sonal income in April rose to
a seasopally adjusted annual
rate of $438.7 billion, up 2.8
billion from March and $28.9
billion from April 1861, ac-
cording to the Department of
Commerce A trading stamp
company announced plans re-
Gently to redeem coupons for
full-comse dinners at New
York restaurants; cost: four
% seven books Photograph
record sales for 1861 reached
IN all-time high.