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Austin Daily Herald in Austin, Minnesota

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Newspaper

Austin Daily Herald

Location

Austin, Minnesota, United States of America

Date

Dec 05, 1955

Page

2

Top 10 business stories of 1955 boom era

A summary of Sam Dawson’s year in review lists the top ten business and financial stories of 1955. It highlights a booming economy with rising production and consumer spending, Ford stock moves, volatile stock markets, widespread stock splits, lay-off pay, auto production gains, tighter credit, record profits led by General Motors, proxy battles at Montgomery Ward, and jet age airline orders shaping future travel.

New York Ford Wall Street Eisenhower U.S. Steel General Motors Jersey Standard Oil Sears Roebuck Montgomery , Ward American Telephone & Telegraph AFL CIO Detroit Sewell Avery Louis E. Wolfson Montgomery Ward Avery Boeing Douglas Atlantic United States

U S Winner in War Games at Sagebrush Exercise

In Sagebrush near Fort Polk Louisiana the nations first atomic war games end with U S forces repelling an aggressor invasion. Over three weeks 110000 Army troops and 30000 Air Force personnel simulated atomic warfare across seven million acres. General C P Weyland declared hostilities ended at 6 p m.

FT. Polk United States Louisiana C. P. Weyland Sagebrush

Minnesotans in Washington There's New Hope for Andresen

Rep. August H. Andresen of Minnesota, long seeking the chairmanship of the House Agriculture Committee, would gain top Republican ranking if re-elected and Republicans win a House majority. The farm policy outlook and 1956 election loom large as debates over price supports and dairy provisions unfold.

Washington August H. Andresen R-Minn House Agriculture Committee Minnesota Clifford Hope R-Kan New Hope Andresen House GOP Congress Senate Hope

Truman Confined to Home With Illness

INDEPENDENCE Mo Harry S Truman has been confined to his home for three days with an intestinal illness. Dr Wallace Graham called it not serious and said he should be able to go out by Wednesday. The illness was revealed at a memorial service for Eddie Jacobson, Truman's former haberdashery partner. A telegram read at the service quoted Truman saying the illness kept him from attending and that he is establishing an Eddie Jacobson Memorial Foundation to promote education through scholarship religion and philanthropy.

Harry S. Truman Wallace Graham Eddie Jacobson Truman Eddie Jacobson Memorial

Senators Seek Moderation in Criticism of Foreign Policy

Three Senate Democratic leaders plan next week to push a policy of moderation in criticizing the Eisenhower administration's foreign and defense programs. Sen. Lyndon B. Johnson will meet with Georgia's George and Russell to align on a restrained approach amid calls from rivals like Stevenson and Harriman.

Washington Senate Eisenhower Lyndon B. Johnson D-Tex Atlanta Georgia George and Russell Senate Foreign Relations and Armed Services Johnson George Times Averell Harriman New York G. Mennen Williams Michigan Adlai E. Stevenson Congress Stevenson Harriman Free World Korea

Also Mentioned on This Page

BY Sam Dawson Royal Peer Cleveland Sterling Center Santa Bobby Thomsen KMMT Jay Gould Sterling Shopping Center U.S By Richard P. Powers Lula By Jack Bell Web Thurs Light Christina Gift Idea Northwestern Bell Telephone Company
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