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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 01, 1965
Page
6
Five major state associations will convene in Raleigh on Wednesday for an all day meeting to map a future housing program. The gathering includes leaders such as James Groome Jr and Robert Haas and will discuss housing policy and development across the state.
The Johnson Administration faces doubts about cotton policy as Freeman says the U S does not get its fair share of the world market. Domestic use of cotton faces competition from rayon nylon and man made fibers, challenging price supports intended to keep growers in production.
Washington report says Congress will study the financial burden of war costs. Lawmakers consider federal funding, military expenditures, and long term economic impact amid ongoing defense commitments.
General Motors and Chrysler posted record sales as the auto industry strengthens the economy. The brisk demand signals a continuing upswing in U S car buying across the week, with sales figures reinforcing the industry's impact on national economic health.
General Motors earned 1.274 billion dollars in the first half of 1965, up 12 percent, with 4.45 dollars per share. Chrysler posted 1.184 billion dollars and 2.91 per share as sales rose 28 percent to 2.6 billion. Ford closed most plants for 1966 model changeovers. Steel output fell to 2.603 million tons as demand cools amid possible 1966 recession signals. President Johnson’s Viet Nam escalation policy is mentioned as a factor.
A 25 year old quoted on a plane to New York says she cannot make a decent living in Argentina where the country feels stagnant and no future is seen. About 11 423 people have left Argentina for the United States land Spain near France and Israel amid missing complete statistics.
Inter dealer prices near close of business reflect markup markdown and commissions. National quotations compiled by the National Association of Security Dealers show representative prices across dealers and markets for the day.
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