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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 20, 1966
Page
6
Inflation pressures push consumer prices higher with January rise reaching a new peak. Farm products lead gains while overall wholesale indices show continued escalation prompting policymakers to weigh new countermeasures.
Washington AP reports the U S Merchant Marine struggles with rising operating and construction costs as Viet Nam war demands push Congress and the House Committee on Merchant Marine and Fisheries to probe its future. Labor disputes management gaps and policy shortcomings threaten 98 000 workers and U S export import trade amid plans to rely on foreign ships.
George E Freeman leads a state observance at the hall of Progress with Luther Hodges and others attending while ATMI plans its 17th annual meeting with John T Connors as speaker in Miami Beach. Guardsman Chemical Coatings reports 1965 sales at 16.67 million and tax changes, Holiday Motors earns a quality parts award for fifth straight year, and Harold Lichtenberger joins Kiddie Tot in High Point with Salvation Army links.
The Associated Press reports local market quotes show asked prices adjusted to include an approximate markup.
The Dow Jones Industrial Averages moved through Monday Tuesday and Wednesday with mixed trading. Investors watched key industrials and bank shares as markets opened and closed slightly lower or higher amid caution ahead of economic data releases.
The Dow Jones averages fell from 989.03 to 975.22 last week while the Associated Press 60 stock average declined to 363.9 from 367.9 a week earlier.
The AP notes a shift in automotive fashion as four of five tires are whitewalls, contrasting with 1965 trends. The report highlights changing preferences in tire styles among motorists and industry observers in Akron.
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