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Newspaper
Baytown Sun
Location
Baytown, Texas, United States of America
Date
Aug 07, 1964
Page
12
New York AP report notes Americans increasingly repay old debts with vigor while showing less appetite for taking on new installment credit. The postwar shift marks a change in consumer finance behavior as installment plans rise in everyday life.
New York AP report profiles Jeanie Manning a 26 year old Texas native who left music teaching to drive a 9 ton truck for National Auto Renting Co. She describes why she switched, recalls a tunnel accident, and mentions balancing life with her psychiatrist boyfriend. The piece shifts to national economic data on consumer credit and retail sales after her interview.
A2c Jack B. Tanner Jr. son of Mrs Mary Lou Tanner and Jack E. Tanner Sr. of Texas City is on a tour of duty with the U S Air Force in England for two years. He will be joined in September by his wife Cheryl Jane Murphy daughter of Mr and Mrs Joe Murphy of 305 Midway. He graduated from Robert E Lee High School and attended Lee College before enlisting in September 1962. Tanner completed basic at Lackland AFB and was assigned to Wilford Hall Hospital for medical specialist training.
The Labor Department reports July unemployment at 4.9 percent, the first sub 5 percent rate in over four years, with 72.4 million people employed. Unemployed numbered 3.8 million, down 900,000 from June, and the dip exceeds typical seasonal patterns. The note references prior rate changes and historical context.
Mexico's export trade is hampered by irregular shipping prices. Alejandro Medina Morz of the National Bank of Mexico told the Seminary for Promotion of Exports that Mexican merchants cannot promise delivery dates due to shipping service irregularity, yet he said Mexico can be proud of its export position.
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