Friday, Mar. 03, 1961
TVA BID COMPLAINTS may set off another investigation into price fixing. TVA is receiving equal bids on equipment, even from electric companies convicted of price rigging as the result of early TVA complaints. Equal bids are also coming in on cement and other items; e.g., five companies each bid $48,967.94 on a cable contract.
FILTHY LUCRE is on its way out in France. The Bank of France, finding that banknotes are among the "dirtiest" objects known, started printing francs on a disinfectant paper "guaranteed" to make germs harmless as long as the notes are in circulation.
G.E. STOCKHOLDERS will decide whether to fire the 14 executives who violated antitrust laws in the rigging of electrical equipment prices. The corporation agreed to a request of International Electrical Workers' Union President James B. Carey, that a vote be taken at the April 26 annual meeting.
VOLKSWAGEN U.S. SALES, running directly counter to most imported car sales, hit a monthly record in December of 15,523. VW's total 1960 car registrations soared 33% over 1959 to 159,995, while total import registrations were dropping from 1959's high of 614,000 to 499,000.
AUTO SEAT-BELT anchors will be standard equipment on 1962 U.S. cars. Owner will be able to attach belts to floor anchors at small cost. This will eliminate a major extra cost ($20 per installation) that has kept most motorists from putting in belts.
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