TREASURY BORROWING costs are still rising. Latest offering of $2 billion in 245-day tax-anticipation bills sold at an average yield to buyers of 4.783%, the highest rate paid on such securities since 1921.
ANTITRUST ACTION against General Motors is mounting. Justice Department filed suit in Manhattan Federal Court to force G.M. to give up its Euclid Division, which it acquired in 1953 for $18 million. Trustbusters charge that G.M.'s control of Euclid (80% of off-highway trucks, 5% of overall market) tends to create a monopoly.
TEEN-AGE CREDIT plan will be tested by Sears, Roebuck, which will give up to $50 credit to youngsters...
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